While many Michigan’s urban cities’ economic recovery programs have gained momentum, there is concern those efforts may not be moving fast enough or are far enough along. Visibility is often a problem. Investors, entrepreneurs, community leaders, developers, builders and other critical stakeholders need to “see” incentives, in order to “seize” them, according to development experts […]
It is an age-old question. How do you get people with money to invest in places where it is most needed? One answer is Opportunity Zones (OZs). They can help communities in Detroit and Flint grow and prosper. Part of the 2017 Tax Cuts and Jobs Acts, the new economic development tool is designed to incentivize patient capital […]
Detroit is one of 10 American cities that will participate in a new national initiative that seeks to increase economic mobility for low-income residents. Over the next 18 months, the City of Detroit will help connect low-income residents in affordable housing units to programs and services that increase their economic opportunities and likelihood of achieving […]
LifeBUILDERS, a nonprofit organization working to reclaim, empower and build in Detroit’s Regent Park neighborhood, has been awarded a $50,000 Neighborhood Enhancement Program (NEP) grant for high-impact projects geared toward stabilizing and improving the area. LifeBUILDERS will use the funds this summer to focus on a variety of improvements to owner occupied homes and the […]
Detroiters facing personal challenges that impact their housing needs have a new stake in their community. Central City Integrated Health (CCIH) today announced the grand opening of a renovated, historic building with 26 one-bedroom units welcoming residents who’ve faced homelessness, mental illness and other issues. The Saint Rita Apartments is a $7.2 million investment resulting […]
There will be more than a half million professional trade career openings in Michigan between now and 2026. That’s a lot of jobs, and the catch is letting students and job seekers in Detroit, Southeast Michigan and elsewhere in the state easily find out about them. With that in mind the Talent and Economic Development […]
Detroiters looking to stay rooted in market-driven Midtown just found 236 affordable options. The City of Detroit has announced that income-eligible tenants of the 18-story, 236-unit Cathedral Tower apartments can remain in their homes, due to a joint venture between MRK Partners and local developer Fortus Partners, who plan to preserve the building as affordable for […]
More Detroiters are sharing the city’s wealth. A devoted core of civic leaders, residents and community-minded professional developers are bringing investment to areas in need of the same nurturing other parts of the city – namely downtown and Midtown – have received. Plans are underway to stabilize core neighborhoods that are already densely populated and […]
Three years ago, Kinyemi Sims found some free money to help her catch up on her property taxes. She was nearly $12,000 behind and was afraid she wouldn’t be able to prevent a foreclosure on her property. She found the help she needed through Step Forward Michigan, a federally-funded interest and payment-free, forgivable loan program […]
Ann Byrne and other members the Springwells/Woodmere Block Club spent ARISE Detroit! Neighborhoods Day last year cleaning up one of the entrances to their neighborhood. “It doesn’t reflect how we keep our homes. That’s one of the reasons we are out here,” she said during a joint interview with WWJ Newsradio and TheHUB. The block […]