Licensing and Regulatory Affairs
The Department of the Treasury established the Housing Finance Agency Innovation Fund for Hardest Hit Housing Markets (Hardest Hit Fund or HHF) in 2010, to provide assistance to states that were most severely impacted by the foreclosure crisis. In 2016, an additional $2 billion was allocated to participating HHF states to continue neighborhood stabilization efforts. Michigan received $74,491,816 to clean up blight. Blight reduction hazards include materials within structural members, such as lead, asbestos, silica, and other chemicals or heavy metals requiring special material handling.