Armed with a $47.1 million grant from the US department of Housing and
Urban Development, the city of Detroit is developing a neighborhood
stabilization plan to deal with the effects of the foreclosure crisis.
Excerpt:
The plan focuses on three things: reversal of the decline of
neighborhood housing values; significant elimination of blighted and
abandoned structures; and stimulation of investment in and around
targeted neighborhoods.
The plan can be downloaded at
PDD's site; public comment is welcomed until November 20 at 313-224-6380 or
NSP@detroitmi.gov.
Read the entire article
here.
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