Filed under: News, Housing, Mortgage
From The Business Insider:
Mayor Dave Bing is trying to save Detroit by offering incentives to lure residents back to abandoned neighborhoods.
One program offers $150,000 in housing renovation money and requiring only $1,000 down to police officers who are willing to relocate to the city. Another offers college graduates $2,500 to rent and $20,000 forgivable loans to buy properties.
Potential home buyers can choose from plenty of cheap or free homes, especially in the blighted neighborhoods of Woodward Ave. and Brush Park.
See 100 photos of Detroit homes that are up for grabs on Business Insider.