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ยป VISIT US ONLINE @ DSNEWS.COM 79 Treasury Chief of the Homeownership Pres- ervation Office. "rough Indiana's efforts, neighborhoods like East Chicago that have experienced the negative effects of vacant and blighted properties will soon see the benefit of these federal funds. We are proud to con- tinue to work with the leadership of Indiana in their efforts to revitalize and stabilize hard hit communities." e BEP is administered by the Indiana Housing and Community Development Authority (IHCDA) with the goal of not just demolishing blighted and/or abandoned properties and improving the lots they sit on, but also in stabilizing property values by preventing avoidable foreclosures in the state. "e Blight Elimination Program assists Indiana municipalities in their efforts to remove blighted properties that depress prop- erty values and endanger neighborhoods," Ellspermann said. "rough the collabora- tion of recipients and their program partners, cities and towns around our state will see 4,000 houses demolished in support of efforts for neighborhood revitalization along with a reduction in area foreclosures." According to the announcement, the property that recently was demolished in East Chicago will be maintained as a green space by the East Chicago Redevelopment Commission until the city identifies a suitable development opportunity. e BEP provided local government units in all 92 of Indiana's counties to compete for funding to prevent foreclosures through the elimination of blighted properties. e gov- ernment allocated $221.7 million to Indiana under the Hardest Hit Funds, and Treasury approved the use of $75 million in February 2014 for the IHCDA to use for successful BEP applicants. e partnership between Treasury and IHCDA will allow not only for the elimination of blighted structures, but also will offer a variety of uses for the newly cleared parcels of land. According to the announcement, the IHCDA estimates that approximately 4,000 blighted properties across the state will eventually be demolished as part of the program. Iowa RANK: 27 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MARCH 2015 1.22% 1.29% 4 YEAR AGO 1.51% 1.71% 4.4 YEAR-OVER-YEAR CHANGE -19.4% -24.8% -0.4 Top County FRANKLIN COUNTY 90+ Day Foreclosure Delinquency Rate Rate MARCH 2015 0.42% 3.66% YEAR AGO 2.24% 3.55% YEAR-OVER-YEAR CHANGE -81.3% 3.2% Top Core-Based Statistical Area FORT MADISON-KEOKUK, IA-IL-MO 90+ Day Foreclosure Delinquency Rate Rate MARCH 2015 2.46% 4.20% YEAR AGO 2.86% 3.23% YEAR-OVER-YEAR CHANGE -13.8% 30.0% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the March 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Kansas RANK: 30 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MARCH 2015 1.70% 1.08% 4.2 YEAR AGO 2.03% 1.20% 4.6 YEAR-OVER-YEAR CHANGE -16.3% -9.3% -0.4 Top County LABETTE COUNTY 90+ Day Foreclosure Delinquency Rate Rate MARCH 2015 3.76% 4.52% YEAR AGO 3.99% 2.48% YEAR-OVER-YEAR CHANGE -5.7% 82.0% Top Core-Based Statistical Area PARSONS, KS 90+ Day Foreclosure Delinquency Rate Rate MARCH 2015 3.76% 4.52% YEAR AGO 3.99% 2.48% YEAR-OVER-YEAR CHANGE -5.7% 82.0% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the March 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Michigan RANK: 44 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MARCH 2015 1.58% 0.65% 5.6 YEAR AGO 2.11% 0.86% 7.6 YEAR-OVER-YEAR CHANGE -25.3% -24.7% -2 Top County DICKINSON COUNTY 90+ Day Foreclosure Delinquency Rate Rate MARCH 2015 1.90% 1.71% YEAR AGO 2.53% 0.99% YEAR-OVER-YEAR CHANGE -24.8% 73.7% Top Core-Based Statistical Area STURGIS, MI 90+ Day Foreclosure Delinquency Rate Rate MARCH 2015 2.27% 1.51% YEAR AGO 3.24% 1.90% YEAR-OVER-YEAR CHANGE -30.0% -20.4% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the March 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. With 15,000 completed foreclosures for the 12-month period ending March 31, 2015, Indiana ranked fifth among judicial states and 10th overall, according to CoreLogic. KNOW THIS The number of completed foreclosures in Michigan for the 12-month period ending March 31, 2015, tops among non-judicial states and second overall only to Florida (110,153). Source: CoreLogic STAT INSIGHT 49,695