by Richard Clement
Councilmember ProTem
Cushingberry is pleased to report that 16 homes in District 2 have been
selected to participate in the Detroit Neighborhood Repair Program. Beginning
in the Fall of 2015 the Detroit Land Bank will sell these homes to the program
using an investment of $30 million dollars into the program from the
AFL-CIO Housing Investment Trust Fund. The City of Detroit Housing and Revitilization Department will provide up to $850,000 in start up costs from a special escrow account.
A partnership with the
AFL-CIO, Detroit Land Bank, and financial institutions are teaming up to
purchase 200 homes in the City of Detroit for restoration and occupation. The
target area will be the Bagley Neighborhood in Northwest Detroit. Then
the project will expand to the Grandmont Rosedale neighborhood and other
neighborhoods as selected by the program.
The core of a city is
its neighborhoods. Decades of disinvestment and high levels of
foreclosures have devastated Detroit's neighborhoods. All neighborhoods are
plagued by thousands of vacant and vandalized homes in need of extensive
repair. The net result of these negative actions makes it difficult for
potential homeowners to obtain financing. To reverse this trend, the
Detroit Neighborhood Home Repair Program will create a business model with the
following:
1.
A sustainable business
model to acquire, repair, and finance abandoned homes and properties in the
Detroit Land Bank Inventory
2.
Rebuild in three to five
years between 250 to 300 abandoned homes using union labor and, employing
Detroit residents in the repair program
3.
Securing funding from
foundations, governments, and other private sources to bring cutting edge
mortgage, finance, home owner counselling and, pre-apprenticeship training into
the program.
4.
Create home-ownership
opportunities, generate workforce training opportunities, provide union
construction jobs and, foster neighborhood stabilization.
Target home buyers are
those earning between 80% and 150% Area Median Income (AMI) of $26,325 for the
Detroit Metropolitan Statistical Area (MSA) or a program range between $21,060 and $39,488. Incentives will be
given to municipal workers including teaches, firefighters, and police, as well
as UAW members, and current and former neighborhood residents. This program is
an opportunity for anyone who wants a career in skilled trades. Targeted
individuals like homeless veterans who need a second chance the opportunity
will be made available also.
The addresses of the properties in District 2 are:
Addr# | Street Name | Zip | NBHD | |
19205 | Greenlawn | 48221 | Bagley | |
18689 | Ilene | 48221 | Bagley | |
17547 | Mendota | 48221 | ||
18087 | Mendota | 48221 | ||
17132 | Monica | 48221 | Bagley | |
18265 | Monte Vista | 48221 | ||
18220 | Ohio | 48221 | Bagley | |
18461 | Ohio | 48221 | Bagley | |
17184 | Prarie | 48221 | Bagley | |
18964 | Prarie | 48221 | Bagley | |
18200 | San Juan | 48221 | Bagley | |
17165 | Santa Barbara | 48221 | Bagley | |
17527 | Stopel | 48221 | ||
8700 | W. Seven Mile | 48221 | Bagley | |
17180 | Wisconsin | 48221 | Bagley | |
18506 | Wisconsin | 48221 | Bagley |
These properties have
been identified as the show properties for a program that will help create
opportunities and restore structurally livable homes with future homeowners.
This will be an opportunity for someone to build their own home and learn a
skilled trade at the same time. So if anyone who wants to pursue carpentry, plumbing,
cement masonry, bricklaying, or any other skilled trade please contact Detroit
City Council President Brenda Jones Office and ask about the skilled trades
task force and the Office of
Councilmember Pro Tem George Cushingberry Jr regarding bank finance information.
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