Monday, September 9, 2013
The Business Insider reports:
Mayor Dave Bing is trying to save Detroit by offering incentives to lure residents back to abandoned neighborhoods.
One program offers $150,000 in housing renovation money and requiring only $1,000 down to police officers who are willing to relocate to the city. Another offers college graduates $2,500 to rent and $20,000 forgivable loan to buy properties.
Potential home buyers can choose from plenty of cheap or free homes, especially in the blighted neighborhoods of Woodward Ave. and Brush Park.