Bank Settlement Money Devoted to Demolishing Vacant Properties

For Immediate Release                                                          

February 10, 2011

CLEVELAND, OH – Ohio Attorney General Mike DeWine announced today that $75 million dollars from the national robo-signing settlement will be dedicated to abandoned and vacant property demolition.

Those properties not only destroy property values but they attract crime, cause blight and pose a safety hazard to the families that remain in hard hit communities.

Empowering and Strengthening Ohio’s People has actively organized neighborhood residents in Cleveland and Toledo to bring attention to the many problems associated with vacant properties.

DeWine noted that concerned residents and groups like ESOP have been asking for help to deal with the problem that is devastating their neighborhoods. 

“This is a huge sense of accomplishment,” said Mark Seifert, ESOP Executive Director.  “We’ve worked to identify dangerous properties and get them torn down but there are still thousands of abandoned properties that need to be demolished.”

In Cuyahoga County alone more there are more than 26,000 vacant structures.  There may be as many as 100,000 properties that need to be demolished across the state.

Members of ESOP and Concerned Citizens of Mount Pleasant stood with Attorney General DeWine as he announced the new grant program.  They want to make sure the funds are used to get rid of blight in their neighborhood and make room for development that builds healthy families and communities.

 “This settlement will provide much-needed relief to Ohio homeowners and communities and help our state to recover the destruction left behind from the mortgage financing crisis,” said DeWine.