June 26, 2015 - Rock Hill Receives Award to Address Blighted Properties
CN2 Coverage of Neighborhood Initiative Program
The City of Rock Hill, in partnership with the Housing Development Corporation of Rock Hill, received a $630,000 award through the Neighborhood Initiative Program. The funding, provided by the South Carolina State Housing Finance and Development Authority, is designed to stabilize property values and prevent foreclosures by removing blighted properties in strategically targeted areas. Target areas for this program include Catawba Terrace Neighborhood, Boyd Hill Neighborhood, and the Weed and Seed communities of Flint Hill, Hagins-Fewell, North Crawford Road, South Central, Sunset Park, Saluda Street Corridor and the Triangle Area.
The demolition and greening of blighted property is done in an effort to prevent future foreclosures for existing property owners and help stabilize hard hit communities. The City will use funds to purchase vacant and blighted residential properties, and demolish structures to convert to green space. The Neighborhood Initiative Program is a joint venture of the South Carolina State Housing Finance and Development Authority and the SC Housing Corp., a not-for-profit corporation. The program is made possible by the U.S. Department of the Treasury’s Hardest Hit Fund.