Indianapolis – Dearborn County officials gathered today to watch a blighted property in Aurora, located at 536 Green Blvd., be demolished as part of Indiana's Hardest Hit Fund Blight Elimination Program (BEP).
“This property has been a site of crime, wastefulness and neglect,” said Mayor Donnie Hastings, Jr., “The Blight Elimination Program allows us to tear down structures that are a detriment to our great county, and make way for useful redevelopment.”
Statewide, the program has made a total of $75 million in blight elimination funds available to reduce foreclosures through stabilization of residential property values. Today’s demolition is a continuation of Dearborn County’s effort to fight blight, as part of the total of $368,000 allocated to the county. These funds will be used to demolish, redevelop, green and maintain blighted properties in Dearborn County.
Administered by the Indiana Housing and Community Development Authority (IHCDA), the goal of the BEP is not just to demolish abandoned homes and improve the resulting lots, but ultimately prevent avoidable foreclosures and stabilize property values in Indiana communities.
The structure being demolished was chosen for to a number of reasons. From 2006 to 2008, over 250,000 gallons of water were wasted due to leaks. Trash littered the structure and cockroaches infested the property. Even when renovations were attempted, the site was plagued with burglaries and vandalism. Today, this blight on the community will be torn down to make way for the future of Aurora and Dearborn County. The county plans to use the property for commercial redevelopment.
The Blight Elimination Program provides local units of government in all 92 Indiana counties the opportunity to compete for funding to prevent avoidable foreclosures through the elimination of blighted properties. The funds are drawn from the $221.7 million in Hardest Hit Funds allocated to Indiana. In February 2014, the U.S. Department of the Treasury approved the use of $75 million of Indiana’s Hardest Hit Funds by IHCDA for successful Blight Elimination Program applicants. The partnership between IHCDA and Treasury allows for funding to eliminate blighted properties and offer a variety of end uses for the newly cleared parcels, such as green space or redevelopment. All application deadlines have passed.
For more information on the Indiana’s Hardest Hit Fund Blight Elimination Program, visit: www.877GetHope.org/blight.