Mayor Duggan announces initiative to increase homeownership in Detroit’s neighborhoods

Detroit Mayor Mike Duggan joins local banks, nonprofit organization leaders and the real estate industry on Thursday, Feb. 18, 2016, 11:30 a.m.to unveil the Detroit Home Mortgage initiative – a new mortgage to address Detroit’s appraisal financing gap and increase homeownership in the City, announced as a Clinton Global Initiative (CGI) Commitment to Action.
Local banks and nonprofit organizations will come together, on Thursday, Feb. 18 at 18601 Puritan Ave. to offer a unique new mortgage to promote the purchase and repair of neighborhood houses
Oraganizing partners and participants include: the City of Detroit: Mayor Mike Duggan; Community Reinvestment Fund, USA. Frank Altman, President and CEO; The Kresge Foundation, Rip Rapson, President and CEO; North Rosedale Park Resident, Latrice McClendon; Detroit Association of Realtors. Kamal Cheeks, President; Huntington Bank, Steve Steinour, Chairman, President and CEO; Flagstar Bank: Sandro DiNello, President and CEO; Talmer Bancorp, Gary Torgow, Chairman; First Merit Michigan, Sandy Pierce, Chairman and CEO; Liberty Bank: Drextel Amy, Regional President, Michigan; and Clinton Foundation President, Donna E. Shalala.
Detroit Mayor Mike Duggan joins local banks, nonprofit organization leaders and the real estate industry on Thursday, Feb. 18, 2016, 11:30 a.m.to unveil the Detroit Home Mortgage initiative – a new mortgage to address Detroit’s appraisal financing gap and increase homeownership in the City, announced as a Clinton Global Initiative (CGI) Commitment to Action.
The event will take place at 18601 Puritan Ave. (Street parking along Puritan Ave.)