South Bend, Ind. South Bend may end up having more money than it planned, to devote to the demolition of vacant and abandoned homes in 2014.
The city has already dedicated some $2 million of its own money to the cause, and has now learned of a proposed state program that could add to the pot, substantially.
Indiana received $221 million in federal funds, to help people avoid mortgage foreclosure. The state wants to divert $75 million from that program, into one that would help demolish vacant and abandoned homes statewide.
As written, the proposal would set aside $10.4 million for demolitions in St. Joseph, Hamilton and Allen Counties. And those three communities will have to compete for the cash.
“Well 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 that criteria,” says South Bend Mayor Pete Buttigieg. “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.”
The rules, as written, place a priority on properties for which there's a planned re-use. It's expected that the program would be up and running in the first quarter of 2014.