Bank Offers Grants For Detroit Home Improvements

Some Homeowners Can Apply For Grants To Pay For Exterior Improvements

DETROIT - Some home owners in Detroit can apply for grants to help pay for exterior improvements on their houses as part of a plan to revitalize city neighborhoods.

The $1.6 million program was announced Monday by Mayor Dave Bing and Citizens Bank.

Residents in select neighborhoods, including Boston Edison, Virginia Park, Palmer Woods and North Rosedale Park are eligible. Half of each home project's cost -- up to $10,000 -- will be covered. Homeowners must apply for the grants before the work is completed. Bing said similar programs are coming to other neighborhoods.

The JPMorgan Chase Foundation announced last week that it will provide a $1 million grant to help move about 70 police officers and city workers into vacant houses in Detroit neighborhoods.

Bank of America also has donated 10 homes for a program aimed at getting Detroit police officers to move into the city

"All these programs have the same goal . to help us create neighborhoods that are dense, viable and safe," Bing told reporters Monday.

The Citizens Bank grants come with no income guidelines. The bank also has four new special loan programs for residents of Detroit and Wayne County, Citizens President and Chief Executive Cathy Nash said.

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