The BuildngDetroit.org home auction is back in Detroit's Historic Boston Edison, along with financing and rehab loans available for eligible buyers through Liberty Bank.
Buyers will have an opportunity on Saturday to tour the homes being listed from 1 p.m. to 5 p.m. Registration starts at 12:30 p.m. at the check in location at, which is at 2525 W. Boston Blvd.
Houses being shown:
- 2230 Atkinson
- 1920 Atkinson
- 1715 Atkinson
- 1725 W. Boston Blvd.
- 2525 W. Boston Blvd.
- 1405 Chicago
- 1635 Chicago
- 1665 Chicago
- 1940 Chicago
- 1615 Chicago
- 1613 Edison
- 1630 Edison
- 1925 Longfellow
- 2264 Longfellow
JPMorgan Chase, through the JPMorgan Chase Foundation, announced recently it will provide $5.5 million to Liberty Bank's nonprofit community development bank, Liberty Foundation, Inc. to help Detroiters purchase and rehab blighted properties. Specifically, JPMorgan Chase's contribution will create a $5 million loan loss reserve fund for Liberty Bank to provide up to $20 million in new rehab residential mortgage loans. With the reserve fund, Liberty Bank will be able to expand underwriting for rehab loans and provide flexible terms to eligible borrowers who purchase a home through the Neighbors Wanted property auction.
Funding from the JPMorgan Chase Foundation will also create a $300,000 down payment assistance fund to be managed by Liberty Bank.
This will help eligible Detroit residents receive up to $10,000 in down payment assistance.
About the Boston Edison neighborhood
The Boston-Edison Historic District is an instantly recognizable address in the heart of Detroit, containing more than 900 homes constructed between 1905 and 1925, and range in size from modest two-story vernaculars to impressive mansions.
The district was also designated as a Michigan State Historic site in 1973 and was listed on the National Register of Historic Places in 1975.
A substantial number of prominent Detroiters have lived in the neighborhood.
Some notable residents have included labor leader Walter P. Reuther, Rabbi Morris Adler, Detroit Tigers Harry Heilmann and Dizzy Trout, Michigan Supreme Court justices Franz C. Kuhn and Henry Butzel, U.S. Representative Vincent M. Brennan, and Michigan governor Harry Kelly, Sidney Barthwell, Congressman Charles C. Diggs, Jr., Motown record label owner Berry Gordy, Detroit Tiger Willie Horton, and dentist and pioneering WCHB radio station owner Wendell F. Cox to name a few.