Vacant Houses

Statewide News
12:06 pm
Wed February 5, 2014

Groups Vie For $13 Billion JPMorgan Chase Settlement to Demolish Vacant Houses

A group of current and former elected officials in Ohio are hoping the state will get a chunk of last year's 13 billion dollar settlement between JP Morgan Chase and the Justice Department.

The plan asks for $200 million to go to Ohio, most of it to knock down houses that the foreclosure crisis left empty and deteriorating. Other funds would support renovation, preventing future foreclosures and revamping vacant land.

It’s got support from Congresswoman Marcy Kaptur and Ohio’s two senators, Sherrod Brown and Rob Portman.

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Around the Miami Valley
7:05 am
Fri October 5, 2012

Dayton Tears Into Vacant Houses

City officials in Dayton are spending $875,000 to tear down 80 vacant houses and buildings.

But, the officials say, that will barely put a dent in the 7,000 abandoned structures in the city. Deputy City Manager Shelley Dickstein said the goal is to tear down 150 of them this year.

On average, it costs the city $10,000 to demolish a vacant structure.

The Dayton Daily News reports that the money comes from the federal Neighborhood Stabilization Program. The expenditure was approved by city commissioners Wednesday.