South Bend, Ind. As much as $75 million could be spent across the state of Indiana next year, tearing down vacant and abandoned houses.
Plans call for the money to be diverted from the so-called "hardest hit fund" of federal dollars.
That fund was originally designed to prevent home foreclosures.
The most recent plan would specifically set aside $10.4 million toward the demolition needs of St. Joseph, Allen and Hamilton counties.
“We have the money, we're just getting permission to use it for a different use, and I expect these monies to be used early '14, next year,” said Ind. Sen. Jim Merritt (R) of Indianapolis.
Mayor Pete Buttigieg hopes South Bend will benefit.
“It’s too soon I think to throw out estimates, but based on the criteria that they're talking about, we know we have a lot of houses that meet those criteria. They've laid out a matrix they use to gage where resources ought to go. And the way I read it, a lot of those resources belong right here in South Bend.”
Communities will have to compete for the demolition dollars.
The system favors projects where new uses have been identified for the vacant lands.