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Detroit, state trade $5 million in housing demolition program settlement

from Crain's Detroit Business

State and city officials are effectively calling a truce in a lengthy and expensive examination of the Detroit Land Bank Authority's cost overruns for demolishing vacant houses in Detroit. The Detroit Land Bank Authority's board agreed June 22 to pay the Michigan Homeowner Assistance Nonprofit Housing Corp. $5 million to settle a dispute over improperly submitted invoices for demolition projects. more

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