States Divert Foreclosure Prevention Money to Demolitions

The Treasury Department has changed the rules on the Hardest Hit Fund, a program meant to help people hit by the housing crisis stay in their homes, allowing states to use some money from the $7.6 billion foreclosure prevention program to demolish homes instead. The first five houses came down last week, in the Marygrove neighborhood of Detroit.

via States divert foreclosure prevention money to demolitions | Marketplace.org.

 

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