The Genesee County Land Bank (GCLB) is receiving a total of $12 million in additional Hardest Hit Fund (HHF) dollars for demolition in Flint. The Michigan State Housing Development Authority (MSDHA) allocated $540,000 to the GCLB in HHF set aside funds in September to enable the Land Bank to keep demolitions going while the US Department of Treasury reviewed a request for additional funding.
In October, Treasury approved the request for an additional $11.445 million to demolish between 850 and 900 blighted houses in the City of Flint. This is part of a larger request from MSHDA to use $32.7 million of demolition in Flint and Detroit out of the $498-million Hardest Hit Fund.
The HHF was established in 2010 with $7.6 billion awarded to 18 states and Washington, D.C. to fund foreclosure relief programs after the housing crisis. This new HHF funding will enable the GCLB to demolish about 930 blighted tax-foreclosed properties in Flint. The GCLB demolished 1776 properties under its HHF grant of $22.7 million awarded to the GCLBA in the fall of 2013. In all, Flint will receive a total of $34.685 million in HHF grant dollars to demolish an estimated 2706 blighted houses in the Flint area.
The U.S. Department of the Treasury’s Hardest Hit Fund, part of the federal Troubled Asset Relief Program (TARP), is designed to help homeowners in states hit hardest by the housing crisis. In 2013, Michigan designated $100 million of its Hardest Hit Fund allocation for blight elimination activities in an effort to further prevent foreclosures and stabilize neighborhoods.
For more information about current demolition funding click here.
For information on bidding and contracting demolition work click here.
County-Treasurer Funded Demolitions 2016-2017
Hardest Hit Funds 2016 Demolitions - city wide map
Hardest Hit Funds 2016 Demolitions - by city sections