Detroit home renovation program to get $5M injection
April 15, 2021
FacebookTwitterEmail
DETROIT (AP) Detroit and the Rocket Community Fund said Thursday that they are contributing $5 million to a program that renovates houses and provides better access to financing for existing and potential homeowners.
The funding is expected to add at least 200 homes across 10 Detroit neighborhoods to the Rehabbed & Ready program, which turns blighted single-family homes owned by the Detroit Land Bank Authority into move-in ready ones. The land bank oversees the renovations.
The $2.5 million from the Rocket Community Fund will finance renovations and help cover the gaps between construction costs and the sale prices of homes.
Rocket Community Fund, city pump $5 million more into Detroit home rehab program
crainsdetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsdetroit.com Daily Mail and Mail on Sunday newspapers.
Deadline Detroit | Held hostage: Two Detroit neighborhoods fight to break developers grip
deadlinedetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deadlinedetroit.com Daily Mail and Mail on Sunday newspapers.
DBusiness Magazine
DBusiness Daily Update: HUD Awards Michigan $151M to Increase Affordable Housing, Fortune Honors Rocket Cos. and Plante Moran, and More
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message.
Courtesy of Bridge, as of April 10
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message.