The
City of Lansing has received $17.4 million to improve area neighborhoods overburdened with foreclosures as part of $223 million in federal funds awarded to Michigan cities.
According to excerpts from the article:
"It's a great opportunity for Lansing and will be a great benefit to our neighborhoods in fighting the negative impacts of foreclosure," said Randy Hannan, Mayor Virg Bernero's deputy chief of staff.
The U.S. Department of Housing and Urban Development announced the money as part of $2 billion in Recovery Act funding to states, local governments and nonprofit housing developers. The money is distributed through HUD's Neighborhood Stabilization Program.
In Lansing, city officials and the Ingham County Land Bank Fast Track Authority plan to demolish 258 housing units, rehabilitate 98 and construct four new ones, said Bob Johnson, Lansing's director of planning and development.
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