The Catawba Regional Council of Governments (COG) recently said Chester County will receive part of the $5.6 million in funds allocated for blight removal as part of the South Carolina Housing Finance and Development Authority’s Neighborhood Initiative Program.
The funds are being divided among Chester, Union, Lancaster and York Counties to purchase, destroy or green residential properties that have been blighted.
The U.S. Treasury Department awarded specific funds to South Carolina as part of its Hardest Hit Fund, originally established to decrease the quantity of residential foreclosures from blight-elimination efforts.
“The Neighborhood Initiative Program award will improve many neighborhoods in towns, cities and counties throughout the Catawba Region by helping stabilize property values and preventing avoidable foreclosures,” Eddie Lee, chairman of the regional COG board and mayor of the City of York, said. “I know that the City of York is looking forward to working with the COG to remove blighted housing in our city. We are excited about the impact that this program will have.”