(CBS DETROIT) – The city of Detroit and Rocket Community Fund are investing $5 million into a home renovation program.
At least 200 homes owned by the Detroit Land Bank Authority will be restored.READ MORE: Pontiac Woman Charged After Allegedly Stabbing 75-Year-Old Sleeping Grandfather
‘Rehabbed and Ready’ was founded in 2015 under the philanthropic arm of Dan Gilbert’s Rocket companies.READ MORE: Gov. Whitmer Threatens Profit Seizure If Pipeline Keeps Operating
Rocket Community Fund covers the cost difference between renovations and the sale price of homes.MORE NEWS: Missed Gov. Whitmer's Press Conference? Here's Her Update On The State's Response To COVID-19
© 2021 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.