DETROIT (AP) - A labor union trust will invest up to $30 million to fix up houses in Detroit neighborhoods.
The Detroit News reports (https://detne.ws/1QEhKNj ) that the money will come from the AFL-CIO Housing Investment Trust.
The home repair program was announced Monday and will start in four neighborhoods. The city wants to transfer 25 houses to the trust to help get it started.
Mayor Mike Duggan told reporters that the program will expand “from neighborhood to neighborhood” if successful.
Plans are to eventually rehabilitate up to 300 single-family houses and other properties owned by the Detroit Land Bank Authority.
The houses will be transferred to the Housing Investment Trust which will fund renovations. Union labor and Detroit residents will do the work.
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