AltWeeklies Wire
Upside Down in Pontiac: How Investors Walk Away from Disasternew
Many Pontiac houses sit and continue to decline in value, blight the community, attract nuisances, cost lenders and the city money in maintenance, and pull down the values of nearby properties. Some have resold for a fraction of their taxable values, further driving down home prices around them. Others will sit vacant for years.
Metro Times |
Sandra Svoboda |
09-15-2009 |
Economy
Michigan Communities Use HUD Dollars for Demolition, Rehab and Ownershipnew
In Michigan, the HUD Neighborhood Stabilization Program is funding projects aimed at offsetting some of the harmful effects that foreclosed and vacant properties have on neighborhoods, as well as increasing home ownership and redevelopment.
Metro Times |
Sandra Svoboda |
06-09-2009 |
Economy
