Note: This story was last updated at 12:30 p.m.
It’s being described as a first: An Oak Ridge home is being demolished Wednesday as part of a state blight elimination program. It’s the first home to be torn down in Anderson CountyÂ as part of the stateâ€™s HHF Blight Elimination Program.
The property being demolished isÂ at 678 West Outer Drive. It’s owned by the Oak Ridge Land Bank. The demolition, being done by First Place Finish, is estimated to cost close to $3,600, and it is expected to be completed today (Wednesday, May 3).
The work is being fundedÂ by the U.S. Treasuryâ€™s Hardest Hit Fund, or HHF. Tennessee’sÂ HHF Blight Elimination Program is administered by the Tennessee Housing Development Agency, or THDA. Anderson County is one of six counties in the Volunteer State included in the program.
Under the Blight Elimination Program, qualified nonprofits and land banks can apply for loans of up to $25,000 to cover the cost of acquiring a blighted abandoned home, demolishing it, “greening” the property, and maintaining the vacant lot. The greened lot can then be transformed into new affordable housing or another use that is approved by THDA and is expected to stabilize and improve the neighborhood. [Read more…]