Business and Economics

Public Forum Monday On Abandoned Houses

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October 24, 2013 — Staff members from the Indiana Housing and Community Development Authority, state legislators and Gary Mayor Karen Freeman-Wilson will meet with citizens Monday evening at the YWCA of Northwest Indiana in Gary for a public forum on blighted, vacant and abandoned homes in Indiana.

The problem isn’t just local.  RealtyTrac and 24/7 Wall Street are reporting that roughly 30% of Indiana’s foreclosed homes are abandoned. And many Indiana communities lack the resources necessary to address this growing issue alone.

Federal funds would allow low- to moderate-income homeowners to be able to repair or maintain their homes.  The IHCDA is exploring the use of a portion of the Hardest Hit Funds to demolish blighted and abandoned homes that are beyond repair.

However, since that announcement, many have expressed concern that doing so might detract from the mission of helping struggling homeowners avoid foreclosure.  IHCDA would like to reassure the public that it is committed to using the majority of Hardest Hit Funds to help individual homeowners in need.  As of September 30, 2013 more than 2,250 homeowners have received approximately $24-million in Hardest Hit Fund mortgage payment assistance; and another $49- million has been set aside to provide mortgage payment assistance to approved homeowners currently enrolled in the program.

Monday’s public forum will begin at 6 p.m. at the YWCA at 150 West 15th Avenue in Gary.

 

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