Land Bank

Carolyn Abney, a city of Detroit retiree, now working contractually with the city. Abney was the first to take advantage of a special deal that allows city employees to buy Land Bank auction homes at 50% off. She won an East English Village home in auction for $56,000 and only paid $28,000. (credit: Stephanie Davis/WWJ)

Duggan Announces Mortgage Program For City Workers

Detroit mayor Mike Duggan said Friday that the Flagstar Bank mortgage program will offer city workers loans of up to 300 percent of the home’s value to help fund renovations.

WWJ Newsradio 950–06/05/2015

Mayor Mike Duggan during press conference announcing new home-buyer program.(credit: Stephanie Davis/WWJ)

Program Aims To Make Home Financing More Accessible In Detroit

The program combines a zero down, low-interest fixed rate mortgage.

CBS Detroit–04/16/2015

WWJ Photo/Pat Sweeting

State Land Bank Seeks To Redevelop Former State Fair Site

The State of Michigan Land Bank Fast Track Authority board of directors has approved and issued a request for proposal for the development of the former Michigan State Fairgrounds.

WWJ Newsradio 950–05/20/2012