Legislators are looking to introduce a bill to help address the urban blight that is plaguing cities and communities across the Hoosier state. With an estimated 30 percent of the state’s foreclosed homes abandoned, according to the financial news and opinion website 24/7 Wall Street, State Senator Jim Merritt said this issue hurts property values and can drain municipal resources.
“Local governments want property taxes coming out of that home, if you will,” he explains. “Vacancy is a poison in communities and blight is a mark against society and against the community.”