By Bria Brown

(CBS DETROIT) – The city of Detroit and Rocket Community Fund are investing $5 million into a home renovation program.

At least 200 homes owned by the Detroit Land Bank Authority will be restored.

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‘Rehabbed and Ready’ was founded in 2015 under the philanthropic arm of Dan Gilbert’s Rocket companies.

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Rocket Community Fund covers the cost difference between renovations and the sale price of homes.

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