Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Freetrade looks to shake up the mutual funds market
    • Reps move to protect private investments from ‘adversarial unionism’ after Dangote Refinery strike
    • Investors pull cash from CLO ETFs in biggest outflow since April
    • Dynamic announces October 2025 cash distributions for Dynamic Active ETFs and ETF Series
    • The Celebrity Traitors cast closest bonds and secret connections outside of castle
    • Special Situation Funds rise as India’s next growth driver, turning stressed assets into opportunity
    • How One Board Sparked A Fundraising Shift
    • Bitcoin investors flee ETFs to the tune of $1bn as volatility spikes
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»City uses federal funds to tear down abandoned houses
    Funds

    City uses federal funds to tear down abandoned houses

    August 7, 2024


    ANCHORAGE, Alaska (KTUU) – The Municipality of Anchorage has begun tearing down multiple vacant and abandoned homes across the city.

    The work by the municipality is funded by a $500,000 federal American Rescue Plan Act grant that was allocated by the Anchorage Assembly for the project.

    The money will cover the demolition of 10 homes, according to Kenny Friendly, Public Involvement Coordinator for the city’s Public Works Department.

    On Tuesday, the third home on the list — a property in Fairview — was taken down.

    “It definitely won’t be missed,” said Lydia Stough, a resident who lives next door to the house on Ingra Street.

    Stough, who is relatively new to the neighborhood, said the property was frequented by homeless people.

    “I guess there have been some instances where people have been like having rocks and bricks and things thrown at them,” she said. “They’ve been rifling through the trash. You can see them just blatantly going in the Conex for hours and just shutting the door, and we all know kind of what they are doing in there.”

    Those issues are a big reason why the home — and others like it — are coming down, according to Anchorage Assembly member George Martinez.

    “When we reset these blighted properties, we are removing drug houses, we are removing attractants for criminal elements, and really things that are negatively impacting our communities,” he said.

    The teardowns come with the property owner’s consent. Once the lots are clear, the owners will be able to sell the land or redevelop it.

    “At this point in time, [it will] create new housing opportunities, which is really exciting,” Martinez said.

    The city may be paying for the demolition, but officials insist it’s still a bargain considering the public resources involved with repeated calls to problem properties. Friendly said a typical response could involve code enforcement officers, police and sometimes fire department employees.

    “[It’s a] big bill for the city, and those are funds that can be better used elsewhere,” Friendly said.

    Currently, there are nearly 200 vacant and abandoned properties on the city’s list, many of which are multi-family housing units. The hope is that more funding will allow the city to tear down some of the properties or renovate them to provide new housing stock in Anchorage.

    Copyright 2024 KTUU. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Special Situation Funds rise as India’s next growth driver, turning stressed assets into opportunity

    October 21, 2025

    Aterian Raises New Funds to Support Mining Projects in Africa

    October 20, 2025

    UK’s biggest pension funds join forces with government to launch Sterling 20 initiative

    October 20, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Reps move to protect private investments from ‘adversarial unionism’ after Dangote Refinery strike

    October 21, 2025

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Freetrade looks to shake up the mutual funds market

    October 21, 2025

    Thursday 02 October 2025 8:00 am  |  Updated:  Thursday 02 October 2025 8:09 am Share Facebook…

    Reps move to protect private investments from ‘adversarial unionism’ after Dangote Refinery strike

    October 21, 2025

    Investors pull cash from CLO ETFs in biggest outflow since April

    October 21, 2025

    Dynamic announces October 2025 cash distributions for Dynamic Active ETFs and ETF Series

    October 21, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Private equity investments in Indian real estate jump 38% to $2.4 bn in H1 2025

    July 10, 2025

    Solana ETF Momentum Grows With New Filing After Bitcoin and Ethereum Approvals

    October 30, 2024

    University of Arizona asked to accept Trump’s demands to get priority for federal funds

    October 2, 2025
    Our Picks

    Freetrade looks to shake up the mutual funds market

    October 21, 2025

    Reps move to protect private investments from ‘adversarial unionism’ after Dangote Refinery strike

    October 21, 2025

    Investors pull cash from CLO ETFs in biggest outflow since April

    October 21, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.