Federal stimulus funds to boost demolition initiative in Flint.
Flint in Michigan is expected to receive a massive boost in demolition and home rehabilitation funding today — about $25 million in federal stimulus funds from the U.S. Department of Housing and Urban Development.
HUD said in a news release that Secretary Shaun Donovan will announce the awarding of $2 billion in stimulus funds nationwide in Detroit this afternoon. The awards include about $224 million for a consortium of 12 Michigan land banks, which applied as a group for the funding.
The Michigan State Housing Development Authority has been awarded about 80 percent of the funds it requested on behalf of the state land banks and cities, according to HUD. The Genesee County Land Bank’s share of that award will be about $25 million, according to former county treasurer and Land Bank chairman Daniel T. Kildee.
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