Funded by the U.S. Department of Treasury’s Hardest Hit Fund, the Blight Elimination Program (BEP) allows Renew to acquire properties with a clear title and demolish the unsafe structures. After demolition, Renew adds the resulting vacant land to regular inventory and continues to maintain and market the land. Renew manages this program on behalf of the City of Indianapolis.
Once a property is labeled BEP slated, the property is no longer available for purchase until the completion of demolition. Properties are identified for this program by a number of partners, including the City’s Vacant and Abandoned Properties Working Group, the Department of Metropolitan Development (DMD), elected officials, community development corporations, and civic organizations.
The properties treated under this program are prioritized by the need to demolish a particularly unsafe or unsound residential structure. Before the demolition can begin, properties must be owned by Renew with a clear title through a variety of channels including:
- Direct transfer from DMD of City-owned properties.
- Two-step transfer from County Commissioner’s Surplus Sale inventory, through DMD, to Renew. This requires approval by County Commissioners as well as Metropolitan Development Commissioners.
- Direct purchase from private parties
Property donations for the program are always welcome. Renew is also allowed a small acquisition budget for properties for sale that are demolition worthy.
For more information on this program, please contact Renew.