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Detroit Mayor Mike Duggan joined representatives from Quicken Loans, The Home Depot, and members of the community to announce the Rehabbed and Ready program, a public-private campaign to renovate homes, increase occupancy, and bring pricing stability to Detroit's neighborhoods.
Through the sale of the renovated homes, which will be conducted on the Detroit Land Bank's auction website (buildingdetroit.org), the program will provide the necessary recent home sale comparisons appraisers need to conduct proper home valuations that are essential to a healthy, thriving housing market. "The Rehabbed and Ready program will make home ownership in Detroit accessible to more people by giving them the opportunity to purchase a Land Bank home that's move-in ready," said Mayor Mike Duggan. "But more than renovating 65 homes, this...