Give Now

Indiana Grants $6 Million To Tear Down Foreclosed Homes

The grants are part of a plan to reduce crime and improve property values by destroying abandoned properties.

foreclosed home

Photo: Robert Patten Photography (Flickr)

Foreclosed properties can lead to increased crime rates.

Seven Indiana communities have received funds to tear down foreclosed houses and abandoned buildings in an effort to improve property values and reduce crime, according to Lt. Governor Sue Ellspermann.

The funds are being made available through Indiana’s Blight Elimination program, a loan program that was created after the federal government allotted $221.7 million to the state as part of its Hardest Hit Fund.

The state plans is awarding blight funds in six rounds of funding. Today’s announcement was the fourth round.

The combined total funding made available in this round is over $6 million.

Here’s the amount broken down:

  • Cambridge City (Wayne County)    $54,000
  • Columbus (Bartholomew County)   $760,000
  • Kokomo (Howard County)               $1,330,000
  • Marion (Grant County)                    $1,022,000
  • Richmond (Wayne County)             $1,931,000
  • Silver Lake (Kosciusko County)      $61,000
  • Dearborn County                             $218,000
  • Warrick County                                $1,142,000

Indiana has the highest percent of abandoned, foreclosed homes in the United States.

The U.S. Treasury created the Hardest Hit Fund in 2010 to assist the 18 states most affected by the housing crisis.

Network Indiana contributed to this story.

Gretchen Frazee

Gretchen Frazee is a reporter/producer for WFIU and WTIU news. Prior to her current role, Frazee worked as the associate online content coordinator for WFIU/WTIU. She graduated from the University of Missouri-Columbia where she studied multimedia journalism and anthropology. You can follow her on Twitter @gretchenfrazee.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Business & Economy Stories

Recent Videos

Find Us on Facebook