MC to get neighborhood stabilization funds Thursday, In State disbursing neighborhood funds |
MC to get neighborhood stabilization funds Thursday, In State disbursing neighborhood funds |
Jun 3 2009, 02:36 PM
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Advanced Member Group: Members Posts: 383 Joined: 10-January 09 From: Michigan City IN Member No.: 870 |
http://www.wthr.com/global/story.asp?s=10471073
Lt. Governor distributes $50M for neighborhood stabilization Lt. Governor Becky Skillman announced Wednesday that 21 communities and community organizations will share $50 million to buy abandoned or foreclosed homes, demolish or redevelop vacant properties and help low- and moderate-income home buyers purchase properties. "We have found communities struggling with blight and foreclosure," Lt. Governor Skillman said. "And with this assistance, communities and non-profits can reverse the downward spiral or even stop it before it starts." The allocations are as follows: City of Tell City - $1,875,350 Town of Gosport - $812,000 Four River Resources (City of Linton) - $3,622,770 City of Bicknell - $1,326,489 Dubois-Pike-Warrick Economic Opportunity Committee Inc d/b/a/ TRI-CAP (City of Huntingburg) - $4,544,275 Riley-Newport (City of Indianapolis) - $1,000,000 Southeast Neighborhood Dev. (BH) (City of Indianapolis) - 1,301,900 John H Boner Center (City of Indianapolis) - $1,000,000 King Park Area Dev. Corp. (City of Indianapolis) - $1,000,000 City of New Castle - $2,732,925 Near North Development Corp. (City of Indianapolis) - $667,910 City of Columbus - $1,500,000 City of Terre Haute - $1,850,000 City of Brazil - $1,435,350 City of Lafayette - $7,774,200 City of East Chicago - $1,900,000 City of Michigan City - $2,800,000 City of Mishawaka - $6,500,000 City of Muncie - $1,900,000 City of Hartford City - $1,500,000 Town of Walkerton - $2,956,831 Funding for these grants comes from the federal Neighborhood Stabilization Program, enacted in 2008. The Indiana Housing and Community Development Authority, which awarded the grants, estimates 1,300 properties will be impacted by the NSP funds. In April, Lt. Gov. Skillman announced part of Indiana's $83 million total -- $33 million -- will be made available to homebuyers purchasing foreclosed homes. Information about both portions of the NSP funds can be found here. A total of 83 communities or non-profit organizations submitted grant applications after an RFP was issued in December. IHCDA reviewed all applications and conducted site visits for each proposal. Additionally, an outside panel of industry experts reviewed the applications and made recommendations. "These programs will lead to jobs and improved quality of living in these cities and towns," Lt. Gov. Skillman said. "Indiana's unique two-tiered approach to the Neighborhood Stabilization money will put us on track to revitalized communities across the state." Details .of the community projects will be posted Wednesday, and Lt. Governor Skillman and the IHCDA will hold ceremonies to present the grant money in select cities over the next two weeks. Tentative dates are as follows: June 4 - East Chicago, Michigan City June 10 - Terre Haute, Brazil, Bicknell, Gosport, Linton, Tell City, Huntingburg June 11 - Mishawaka, Walkerton June 17 - Hartford City, Muncie, New Castle June 18 - Lafayette * "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety." Benjamin Franklin, Historical Review of Pennsylvania, 1759 |
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