As Detroit geared up for the kick-off of the Blight Elimination Program, Mary Miller, Treasury’s
undersecretary for domestic finance, offered words of encouragement to attendees
at the event Monday.
“While Detroit’s financial challenges are serious, I believe
that the strength and resilience of Detroit’s residents will foster a recovery
that preserves Detroit’s status as one of America’s greatest cities,” Miller
stated at the event hosted by the Michigan State Housing Development Authority (MSHDA).
The effort to do away with residential blight is the largest in
Michigan’s history, according to a release from the Michigan governor’s office.
To fight blight, Treasury’s Hardest Hit Fund allocated $100
million to MSHDA. Detroit will receive $52.3 million in assistance, while the
remaining funds will be split in different amounts between four other Michigan
cities: Flint, Grand Rapids, Pontiac, and Saginaw.
No comments:
Post a Comment