Among the funded projects are:* $1 million to the Detroit Rescue Mission Ministries for building purchaseand renovation.* $700,000 to the Covenant House, Michigan, for theconstruction costs of a permanent Rights of Passage facility.* $500,000 to the city for the Detroit River PromenadeProject.* $250,000 to Motor City Blight Busters to establish arevolving loan fund for new construction, acquisition, and rehabilitationof distressed homes.* $200,000 to the Flint Chamber of Commerce foreconomic development efforts.* $1.25 million to the City of Mt. Clemens to establish a communityrecreation center.* $225,000 to the city of Ferndale for refurbishment of WashingtonElementary School for use as a community center.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.