Could Detroit Lose Fed Housing Funds Because It's Moving Too Darn Slow?
Here's a mind twister: Detroit, Highland Park, Pontiac and other Michigan cities, which are in dire straights, could lose millions of dollars in federal aid to rebuild neighborhoods dotted with abandoned and foreclosed properties if they don't spend the money in the next nine months, the Freep reports.
unless they can spend it all in the next nine months.
The Free Press reports:
But many of the cities that are part of the program -- Detroit in particular -- have been extraordinarily slow to spend what was the single largest grant awarded under the federal program in 2010.