- Posted July 14, 2014
- Tweet This | Share on Facebook
JPMorgan Chase announces Detroit home program
DETROIT (AP) - Financial giant JPMorgan Chase and Liberty Bank are starting a program in Detroit to help people finance, repair and restore homes being sold through the city's online auctions.
The financial institutions announced last Thursday that the Home Restoration Program is for those buying homes through Detroit Land Bank Authority auctions and will include other "priority neighborhoods" in the future.
JPMorgan Chase, through the JPMorgan Chase Foundation, will provide $5.5 million to Liberty Bank's nonprofit community development bank, Liberty Foundation Inc., to help people in Detroit purchase and rehabilitate blighted properties.
It's part of JPMorgan Chase's plans announced in May to spend $100 million over five years in Detroit to support and accelerate the bankrupt city's economic recovery. So far, JPMorgan Chase says it's put $20 million to work.
Published: Mon, Jul 14, 2014
headlines Oakland County
- Probate perspectives
- Some online SBM services temporarily unavailable March 19-20
- Jewish elected officials address rising antisemitism following last week’s attack at Temple Israel
- Chief Justice Roberts says personal criticism of judges is dangerous and has 'got to stop'
- Nessel joins coalition challenging administration’s attack on states’ fair housing laws
headlines National
- Online shoppers find deals on the Temu app, but states say the trade-off is personal data
- Florida Bar reverses itself, says it is not investigating Lindsey Halligan
- Attorney indicted for trying to kill her husband of more than 25 years
- American Bar Association cites members’ needs in law firm intimidation hearing
- OpenAI sued for practicing law without a license
- Lindsey Halligan being investigated by the Florida Bar
