Rocket Community Fund Invests $5 Million in Rehabbed & Ready Program — RISMedia rismedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rismedia.com Daily Mail and Mail on Sunday newspapers.
The Rocket Community Fund and the city of Detroit have pledged a total of $5 million to expand a program that renovates and sells move-in ready land bank homes.
In an announcement expected Thursday, the Rehabbed & Ready program, created by Quicken Loans and the Detroit Land Bank Authority in 2015, will expand into 10 neighborhoods across Detroit through the city s Strategic Neighborhood Fund. The goal is to develop a pipeline of at least 200 homes for sale.
“We are really thrilled about the opportunity to scale,” said Laura Grannemann, vice president of the Rocket Community Fund, the philanthropic arm of Quicken Loans Rocket Mortgage. “And over the last five years, we’ve really proven out the model that when you invest in properties that were formerly publicly owned in strategically located places, you can not only eliminate blight, you can also make sure that sale of that home has ripple effects that are felt by all of the homeowners in that neighborhood. That’s reall
DBusiness Daily Update: Rocket Community Fund and City of Detroit Invest $5M in Home Rehab Program, Automation Alley Distributes 300 3-D Printers, and More
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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.
Rocket Companies, Inc (NYSE:RKT) - Rocket Community Fund, City Of Detroit Invest $5M To Drive Neighborhood Housing Recovery benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Detroit News | Dec 15, 2020 | News | 12
DETROIT The city is aiming to raise $50 million over five years to help fund a series of programs for thousands of Detroiters who’ve felt “left behind or left out.”
Detroit Mayor Mike Duggan put out a call just over a week ago to more than 100 corporate and philanthropic partners for what his administration has dubbed the People Plan. It encompasses six programs, including help for adults seeking to obtain high school diplomas, skilled trades training and door-to-door support programs.
Each has been put into action in varying degrees over the past year, but dedicated funding will help Detroit keep them going and scale them up, said Nicole Sherard-Freeman, executive director of the city’s workforce development and job training.