Morning Minute: Illinois to use $30 million in federal funds to demolish blighted properties

The Chicago Tribune reports today that the Treasury Department has given Illinois the go-ahead to use $30 million in federal hardest-hit funds to tear down vacant and blighted properties. The idea is to target communities with high vacancy rates that were hit hard by the foreclosure crisis for the Blight Reduction Program, to be administered through the Illinois Housing Development Authority, the newspaper reports. Click here to read the full Tribune article.

In other headlines:

February Pending Home Sales Continue Slide – NAR

Regulators Seek to Raise Qualifications of Appraisers – REALTOR® Magazine

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