A state senator plans to introduce legislation that could prevent more Hoosier homes from going into foreclosure and ending up abandoned and blighted.
Sen. Jim Merritt, R-Indianapolis, says vacant or abandoned housing continues to be a big problem in cities like Gary, South Bend, Muncie, Evansville, Indianapolis and others.
Merritt says the state has already distributed $23 million to local communities to tear down blighted homes. He’s promoting the “Hardest Hit Fund,” a $221 million pot of federal money set aside to either help financially-stressed homeowners avoid foreclosure and aid communities in tearing down blighted properties.
Merritt says Indiana lawmakers are also seeking permission from the federal government to use upwards of $100 million for communities to tear down abandoned properties.