Thursday, February 17, 2011

Detroit Incentives To Buy Houses


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 loans 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.




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