"There is nothing better for poverty than a good paying job"
- Mayor Coleman A. Young
Taking back our neighborhood one home at a time with the
help of our friends in the AFL-CIO has been put into an action plan in the City
of Detroit. Decades of disinvestment and
foreclosures have devastated Detroit’s neighborhoods. Thousands of vacant homes
need extensive repair. The widespread blight and abandonment results in
extremely low appraisal values making it difficult for potential homeowners to
obtain financing for a home. We appreciate the assistance from David A. Eubanks Assistant
Investment Officer with the Housing Investment Trust Division of the AFL-CIO
(Website www.aflcio-hit.com) . Together with Councilmember Pro-Tem Cushingberry a plan was developed for
the District for homes that can be saved and restored.
To stabilize the
neighborhoods, the AFL-CIO has developed a strategy to identify homes that can
be saved.
- Repairing multiple homes concurrently
- Use skilled and approved union contractors
- Attract private capital
- Target blocks and tracts of land within a neighborhood
- Guarantee the work and,
- Employ Local residents
(2013) 18220 Ohio 48221 - Before HIT |
(2016) 18220 Ohio 48221 - After HIT |
A list of the HIT property in progress in the Bagley district are as follows
18506 Wisconsin 48221 - Bagley
18220 Ohio 48221 List Price $105,000 - Bagley
By partnering with financial institutions like Southwest Lending Solutions (Website: www.michiganlendingsolutions.com ) first time millenial homeowners will be given the opportunity to start a future and establish a good credit history and equity. By the end of 2016, we look forward to rehabilitating 11 homes in the City. The goal is to provide 25 families with a place to live by December 2017. With an investment of $1.7 million dollars of HIT funds, the City of Detroit will have another path built on the way to prosperity again.
By partnering with financial institutions like Southwest Lending Solutions (Website: www.michiganlendingsolutions.com ) first time millenial homeowners will be given the opportunity to start a future and establish a good credit history and equity. By the end of 2016, we look forward to rehabilitating 11 homes in the City. The goal is to provide 25 families with a place to live by December 2017. With an investment of $1.7 million dollars of HIT funds, the City of Detroit will have another path built on the way to prosperity again.
For more information please contact our office.