In 2016, the city of Detroit’s Planning and Development Department, led by its director, Maurice Cox, began crafting plans in neighborhoods around the city. The department engages communities to discover neighborhood needs and areas for potential investment, then creates frameworks that include proposals for streetscape improvements, city-owned properties that can be redeveloped, policy reforms, park upgrades, and other neighborhood-specific changes that the city can make or influence.
The effort has been largely financed through the city’s Strategic Neighborhood Fund, which has received around $130 million in philanthropic support from numerous foundations and corporations. Because the fund continues to grow, what originally began as a three-neighborhood initiative is now up to 14…Continue Reading or Check Out Our Exclusive, Off-Market Real Estate Investing Opportunities!
