At a time of continuing grim economic news, city officials are elated over receiving $7.8 million in federal stimulus money.
Shaun
Donovan, U.S. secretary of Housing and Urban Development, was in
Detroit on Thursday afternoon to announce that almost $224 million in
American Recovery and Reinvestment Act money is being awarded to the
state, local governments and land banks to acquire and redevelop
foreclosed properties in 12 cities, including Wyandotte.
The
other communities are Detroit, Highland Park, Hamtramck, Flint,
Saginaw, Pontiac, Lansing, Battle Creek, Kalamazoo, Grand Rapids and
Benton Harbor.
The grant was awarded through HUD’s Neighborhood
Stabilization Program, which provides emergency assistance to state and
local governments to stabilize neighborhoods and stem the decline in
value of neighboring houses.
Read the entire article
here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.