JP Morgan’s $100 million investment in downtown Detroit could spur home value uptick
Half of the funding will go to community lending organizations to revitalize neighborhoods.
Oct. 1, 2014
Financial giant JP Morgan is investing $100 million aimed at revitalizing Detroit’s neighborhoods near downtown. Half of the money will go to a pair of community lending groups to support the redevelopment of a ring of neighborhoods. The rest will be split among renovation of abandoned homes, jobs training, and investment in small businesses and city infrastructure.
