Blight Elimination Program
$20 MILLION BLIGHT ELIMINATION PROGRAM LAUNCHES IN MISSISSIPPI
Applicants, consisting of municipalities and county governments, agree to participate with a non-government Blight Partner to eliminate blight in communities thereby strengthening the value of nearby properties, and increasing green space. Applicants may receive up to $500,000 per application cycle, a total of 8 times, to fund the demolition of (1-4) unit single family residential structures. Approximately 2,000 homes will be demolished statewide at an average cost of $10,000.
“For the first time a significant amount of funds are being made available to eliminate blight statewide on a first-come, first-served basis,” said Scott Spivey, Executive Director for Mississippi Home Corporation. “These funds will effectively reduce the amount of blight concentrated in neighborhoods across Mississippi. Our vision for this program is not only to provide assistance to homeowners in an effort to prevent foreclosures, but to increase property values in order to make existing mortgages more secure.”
Mississippi Home Corporation will begin accepting applications on May 1, 2017. The awarded funds must be used within a six month period and the Blight Partner must maintain the property during their period of compliance, up to 36 months.
For more information about BEP,
Contact: Lisa Coleman, VP of Federal Grants
Phone: (601) 718 - 4757