Detroit Offers Incentives to Get Police Officers Moving
Detroit Offers Incentives to Get Police Officers Moving
In an effort to revitalize hard-hit areas of Detroit, the city is partnering with financial institutions to offer grants to help police officers and city workers who live outside the city buy homes in Detroit neighborhoods.
JPMorgan Chase Foundation announced this week that it will offer a $1 million grant to aid 70 police officers and city workers in a down payment on vacant homes they purchase in the city. The first 10 officers who purchase a vacant home will get $25,000 each, and another 60 officers and city workers can get up to $15,000 each.
"We are restoring a sense of community and pride in our neighborhoods by encouraging Detroiters to live where they work," says Detroit Mayor Dave Bing.
Source: “$1 Million Grant Offered in Detroit Home-Buying Effort,” Associated Press (Aug. 18, 2011)
Read More:
Defining Your Space
- © Copyright the National Association of REALTORS® unless otherwise noted.
- HEADQUARTERS: 430 NORTH MICHIGAN AVE. CHICAGO, IL 60611
- D.C. OFFICE: 500 NEW JERSEY AVE. NW WASHINGTON, DC 20001
Most Recent News & Commentary