Detroit Land Bank making home ownership more attainable

None of this, the Detroit Land Bank making major changes to make it easier for people who want to acquire homes and property in the city. So how will this work? Fox News Amy Lang tonight working the story. So here's something that I think is really exciting. This part of this you know plan is that this will benefit people and families who are experiencing housing insecurity by bringing the land bank and the housing commission together to benefit those Most Unique. Today marks a commitment to ending homelessness in the city of Detroit. Let's do one more, three. ...of this land bank house on Webb that's been rehabbed and will become home to a family that's leaving homelessness behind, leaving a shelter for permanent supportive housing. Now, the Housing Commission and the land bank are teaming up with a $6 million investment to provide 75 homes for people encountering housing insecurity. But land bank also announcing additional opportunities for Detroiters, releasing 7,500 parcels for purchase, a new website to apply to form community gardens gardens and green space and they are They are investing $3 million in grants to help buyers complete their renovations and bring homes into compliance. Land bank property is an undertaking but now we have additional resources to help them achieve compliance. I understood the importance of home ownership and I'll pick the land bank any day over buying a house through a traditional mortgage and I'm proud to say I purchased a total of 14 properties from the Detroit Land Bank. I'm a proud Detroiter, proud graduate of Montford High School and I plan on keeping myself and my family and my friends in the city of Detroit. And with the land bank, everyone can become a homeowner. Everyone can have a place of their own. To release 7,500 lots throughout Detroit for Detroiters to be able to buy, to redevelop, and to create gardens, whatever they may want to do, I think sends a huge signal. Exciting, the mayor noting that when she was on city council, they would often hear from people who were just kind of frustrated with all the protocols and the process and just, you know, they didn't feel there was enough transparency with the land bank. And so now they're really seeking to address that. And it looks like it'll make it easier for people to hopefully acquire some properties. And also this partnership to help with the unhoused population is huge. No, that's huge right off the top. And then on top of that, the 7,500 parcels, you know, you really think about the city Yeah. I mean, the city's population in the last few years, it's grown 15,000. It's not without efforts like this that you want people to not just live downtown. You want them to live in the neighborhoods where- Most people do live. Well, and you hear from these two gentlemen, the one says, you know I bought a house for my mom. I bought a house for me. The other guys bought 14 homes. I mean, they're creating generational wealth for their loved ones and family members. And so, this is an opportunity for other people to get involved too. And making Detroit what it is, a great American city. So they're doing it piece by piece. Thank you so much, Jay