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Blighted property auction latest step in recovery

4 years ago April 01, 2011 Apr 1, 2011 Friday, April 01 2011 Friday, April 01, 2011 12:05:19 PM CDT in News
Source: Associated Press

NEW ORLEANS - Close to 100 properties, many of them bought by the state after they were damaged by Hurricane Katrina in 2005, are going on the auction block in New Orleans.

Saturday's auction will make available 94 properties in 27 New Orleans neighborhoods.

The New Orleans Redevelopment Authority arranged the auction of homes owned by the agency or obtained through the state's "Road Home" program, which provided for the repair or purchase of homes damaged by hurricanes Katrina or Rita.

Another step announced this week in the city's blight fight: The Federal Emergency Management Agency has agreed to resume paying for demolitions in Katrina-struck neighborhoods, which could lead to demolition of more than 900 buildings.

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