City of Detroit providing $1.5 million to effort; Rocket Community Fund gives $750,000
More nonprofits expected to join network later this year
A new nonprofit collaborative aimed at improving access to housing and financial stability services for Detroit has attracted $2.2 million in funding.
The six Detroit nonprofit members of the Detroit Housing Network will use the funding to strengthen and grow housing assistance programs, including mortgage and financial counseling, property tax foreclosure prevention, home repair assistance and assistance to low-income households seeking to become homeowners.
The city of Detroit provided $1.5 million in community development block grant funding as part of the stimulus allocation it received through the federal CARES Act.
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A group of six Detroit-based housing nonprofits are coming together to create the Detroit Housing Network, an effort to boost housing stability and affordable home ownership in the city.
The work, announced Thursday, is backed by a $2.2 million dollar investment from the city of Detroit and Rocket Community Fund. The aim is to grow resources for homeowners. Services will include: mortgage and financial counseling, property tax foreclosure prevention, home repair help, utility assistance and assistance for households with low incomes who want to become homeowners.
Residents will be able to apply for help through an online portal at detroithousingnetwork.org. The launch date for online enrollment has not been determined.
Why It Matters: The event is part of an initiative by Rocket to fuel Detroit’s pandemic recovery and bring together residents. Through Changing the Course, golf fans will have the ability to positively impact the digital divide in Detroit.
This year, in particular, Rocket Mortgage Classic is doubling down on its charitable focus, aiming to raise more than $1 million through fan engagements and initiatives like AREA 313.
“All proceeds raised through AREA 313 will be directed to the Changing the Course initiative, and these contributions will be invested into organizations and infrastructure that seek to bridge the digital divide and offer digital connectivity to all Detroit residents,” said Laura Grannemann, Vice President of the Rocket Community Fund. She says Changing the Course is vital for us to support our local community and provide necessary technology, digital access, digital literacy and educational training for Detroiters now and in the future.
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