Ohio Seeks to Demolish the Blight

May 7, 2012

With an estimated 100,000 abandoned homes across Ohio needing immediate demolition, the state’s attorney general announced it is making $75 million in grants available to local governments to destroy blighted abandoned homes. The inhabitable homes are dragging down overall home prices, state officials say. 

The $75 million earmarked for the state’s demolition grants comes from the money the state received from its portion of a $25 billion national settlement recently among states and the nation’s five largest mortgage servicers over foreclosure abuses. Ohio received $335 million from that settlement. 

"Ohio's communities have been hit hard by the mortgage foreclosure crisis," says Attorney General DeWine.

For the demolition grant program (www.ohioattorneygeneral.gov/foreclosure), Ohio officials will grant funding to counties based on the percentage of foreclosure filings in each county between 2008 and 2011. The grants will be distributed Aug. 1. 

"One of the biggest things holding this state back from moving forward is the vast number of abandoned and vacant homes littering Ohio,” DeWine says. “They are blight on our communities, rotting them from the inside out.  Our new grant program will help free our neighborhoods — urban and rural, alike — from the blight that is paralyzing them."

Source: Ohio Attorney General

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