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Detroit- rebuilding dilapidated housing in the inner city 2014-2016

11/27/2015

Talmer Bank provides $25,000 loans to home buyers for dilapidated and ransacked houses in some Detroit neigborhoods with abandoned properties. The houses are then renovated by buyers who get a mortgage free property to live in. This is necessary because very few new mortgages are written for such homes in bad condition. It is hoped that at some point the housing market in the city for these neighborhoods will recover and normal lending can start.

Grouped Articles

Detroit tries unconventional approach to restoring its housing market - The Washington Post

Washington Post 11.27.2015

Crumbling, Destitute Schools Threaten Detroit’s Recovery

New York Times 01.20.2016


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