Friday, July 24, 2015

Senator Stabenow saved vital funding for Detroit just in time.

July 23, 2015
By Todd Spangler

WASHINGTON — A deal struck tonight by U.S. Sen. Debbie Stabenow, (click here) D-Mich., and the Senate majority leader is expected to save millions in blight removal funds for Detroit and other Michigan cities, as well as for cities across the nation, which were at risk of being rescinded.
Stabenow told the Free Press that she had reached an agreement with Senate Majority Leader Mitch McConnell, R-Ky., that a proposed 6-year transportation bill coming to the floor tonight will no longer include a provision which had sought to rescind unspent amounts in the Treasury's Hardest Hit Fund.
Had that provision as originally written remained, it could have devastated Detroit's aggressive blight removal program, funded in large part by $100 million from the $498 million allocation Michigan received five years ago under the Hardest Hit Fund, which was created to stabilize neighborhoods and help homeowners remain in their homes....