The state is poised to have $100 million in federal funds freed up to demolish vacant homes in Detroit, Pontiac, Flint, Grand Rapids and Saginaw.

An announcement could come as soon as today that federal dollars previously allocated for mortgage relief have been approved to target neighborhoods riddled with abandoned and burned-out houses, according to four sources with knowledge of the situation.

The federal dollars come from an aid program that is part of the Troubled Asset Relief Program launched in 2010 to help unemployed homeowners stay in their houses and help families with underwater mortgages -- who owe more than their homes are worth.

The $7.6 billion program, known as the Hardest Hit Fund, targeted 18 states including Michigan, plus the District of Columbia, reeling from the housing crisis and economic downturn.

Rest

See that?  Poof!  In only two years, TARP transcends into the Hardest Hit Fund.  Pure Magic!  Take a look at the map, it's predominately a Blue State bailout scheme for failed Progressive Utopias.  To paraphrase the late Baroness Thatcher - The problem with Socialism is that the Democrats will never run out of other peoples money in America, as long as there are Progressives in the Republican Party finding ways to steal it for them.

And, the MI-GOP in Lansing, along with the RNC in D.C., wonders why they've been going down in electoral flames ever since they dropped the ball with the 2010 Sea of TEA Partying Red demanding Constitutionally limited, fiscal responsible, sound government.