Eligible homebuyers can make an appointment now to reserve $15,000
DETROIT, Sept. 18, 2015 /3BL Media/ – Wells Fargo & Company (NYSE: WFC), NeighborWorks America® and its network member Southwest Solutions today announced the $5.25 million Wells Fargo HomeLIFT℠ program to help boost homeownership in the cities of Detroit, Dearborn, Hamtramck, Highland Park, and Livonia.
Nine JPMorgan Chase-financed Detroit housing, manufacturing, healthy food and retail projects open, break ground or expand in 2015
Detroit, September 17, 2015 /3BL Media/ – JPMorgan Chase & Co. today joined with partners from PK Housing, Midtown Detroit, Inc., Capital Impact Partners, Invest Detroit and Detroit Economic Growth Corporation in announcing the grand opening of the latest community development project in Detroit financed by the firm’s five-year, $100 million commitment to the city’s economic recovery. Rainer Court, at 711 West Alexandrine Street, adds 36 units of working professional and university student housing as well as 1,800 square feet of retail space in Detroit’s growing Midtown District.
Entrepreneurs of Color Fund will provide greater economic opportunity for small businesses that lack access to credit and primarily serve Detroit’s neighborhoods
DETROIT, September 15, 2015 /3BL Media/– The Detroit Development Fund (DDF), JPMorgan Chase & Co. and the W.K. Kellogg Foundation (WKKF) today announced a new $6.5 million lending program for Detroit businesses owned by entrepreneurs of color and businesses that primarily hire people of color. The Entrepreneurs of Color Fund will boost economic opportunity for minority-owned businesses in Detroit by providing them with greater access to capital and business assistance, allowing them to grow, hire local and further contribute to the city’s recovery.
Three-part New Global Citizen series examines how investment and volunteering are supporting Detroit’s urban renewal
For much of the 20th century, Detroit was a vibrant and globally-recognized manufacturing capital, a major driver of the U.S. economy. But over the past 40 years, Detroit ran out of jobs, people, and money. By 2013, the city was at a critical juncture and in June, filed for Chapter 9 bankruptcy, with estimated debts of more than $18 billion. Yet, despite these setbacks, the Motor City’s spirit of hard work and tenacity has never dimmed. Emerging from bankruptcy on December 11, 2014, Detroit prepared itself for a turnaround.
It was a banner summer for the Players Trust programs that engage kids in their communities when school is out.
Buses for Baseball brought underserved kids to the ballpark, through City Clinics players helped inner-city kids learn the game, Action Teams partnered with players to serve their communities and Operation Backpack ensured that some of the neediest children will have sufficient school supplies when they return to the classroom.
Company suppliers join effort to revitalize blighted neighborhood
DETROIT, July 31, 2015 /3BL Media/ – A record 3,700 volunteers from General Motors will help deep clean a high school, board up vacant residences, whack weeds and mow lawns next week as part of the non-profit Life Remodeled effort to make over the 4.5 square-mile Osborn neighborhood, among the most blighted in Metro Detroit.