Wayne County receives millions for vacant, abandoned, foreclosed properties

Wayne County received $25.9 million in congressional funds to deal with vacant, abandoned, and foreclosed properties.

Excerpt:

The federal government dispersed $3.92 billion around the country to help governments deal with areas hardest hit by foreclosure and abandoned properties. Executive Robert Ficano will present a plan to the commission that will focus on reversing the negative impacts created by the country’s housing financing crisis.

“Thanks to a team effort, Wayne County will be able to put a plan in place to tackle these serious issues in our municipalities due to the downturn in our economy,” said Executive Ficano. “We will be able to buy properties, refurbish them and put them back into productive use or demolish the ones that are abandoned and unsafe. This is a great tool to rid our communities of blight and revive many communities.”

Get more Wayne County info here.