Creative Solutions for Elimination
Funding for blight elimination is challenging to find. In 2010, the US Treasury’s Hardest Hit Fund Program (HHF) made $7.6B available for foreclosure prevention in 18 states. As a result of research indicating that targeted demolition helps preserve property values and prevent foreclosures, Michigan was allowed to reprogram a portion of its HHF allocation for blight elimination. To date, Michigan has programed $175M for blight elimination, with the city of Detroit receiving $107.3M for demolition. The Hardest Hit Fund's represent the largest source of funding for bight elimination.