Quicken Loans founder Dan Gilbert says the number of foreclosures on the company’s loans for Detroit homes reflects the large volume of investments made in the city.
More than half of mortgage foreclosures in the last 10 years are now blighted or abandoned.
CEO Chris Lambert said that more than 10,000 volunteers are expected to help board up, remodel and clean up hundreds of homes in the neighborhood around Osborn High School.
A city commissioner who says he was trying to clean up the yard of a blighted home now is facing a misdemeanor charge.
People representing government, business and nonprofits from around the country are visiting Detroit to discuss issues related to vacant properties.
Residents in the area of Van Dyke and Outer Dr. are boarding up several abandoned houses on three blocks starting Friday.
“You look for one that’s decent, already fixed up,” the 58-year-old homeless woman said. She sees it as a community service.
Mayor Mike Duggan said the bills allow 20,000 Detroit homeowners the ability to avoid foreclosure and stay in their homes.
The End Grain Woodworking Co. takes reclaimed wood from Detroit homes and incorporates it into new pieces for their clients.
Officials are working out the final details on which cities would receive how much, said Katie Bach, state housing development authority spokeswoman.