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Michigan originally received $498 million from the Hardest Hit Fund when the program was
announced in 2010 in response to the housing crisis that led to unprecedented home price declines
and high unemployment.
Although Michigan's unemployment rate is now below the national average and a great example of
our states continued success, the importance of these HHF dollars on Michigans reinvention
cannot be underscored enough, Elsenheimer said. They will be greatly appreciated by the citizens
and communities that may still be lagging behind.
Since the programs inception, more than 30,000 households have been helped with over $273
million in mortgage assistance to avoid foreclosure. From 2013 when the Blight Elimination Program
was introduced in the state, about 8,500 structures have been removed with approximately $130
million in HHF funds.
Michigan has until December 31, 2020 to use all the funds.
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