• Menu
  • Skip to primary navigation
  • Skip to secondary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Before Header

  • Development
  • Food+Drink
  • Things To Do
  • Doing Good
  • Lifestyle
  • Arts
  • History
  • Lists

Daily Detroit

What To Know And Where To Go In Southeast Michigan

Header Right

  • PODCAST
  • NEWSLETTER
  • SUPPORT
  • ARCHIVE
  • CONTACT
  • LISTEN ON:
  • APPLE PODCASTS
  • SPOTIFY
  • GOOGLE PODCASTS
  • STITCHER
  • Submit An Idea To Daily Detroit
  • Get Your Daily Detroit Newsletter
  • Listen To The Daily Detroit Podcast
  • Contact Us
  • LISTEN ON:
  • APPLE PODCASTS
  • SPOTIFY
  • GOOGLE PODCASTS
  • STITCHER

Detroit Neighborhoods Could See $130 Million In New Investment

You are here: Home / City Of Detroit / Detroit Neighborhoods Could See $130 Million In New Investment

May 7, 2018 by Daily Detroit Staff

Seven Detroit neighborhoods would see $130 million in investment as part of a major, coordinated campaign with the Kresge Foundation.

They’re going to do it through expanding the Strategic Neighborhood Fund. The first round was a $42 million campaign focused on three Detroit neighborhoods. The so-called 2.0 will also expand its scope to include streetscapes, park improvements, commercial development and housing.

The Kresge Foundation has committed $15 million to kick off the capital campaign.  

Additionally, the city of Detroit is raising $250 million for an Affordable Housing Leveraging Fund to ensure these growing neighborhoods remain inclusive and affordable for both long-time residents and new residents.

The city has already committed $50 million to the fund, which official say will preserve and create affordable housing units over the next five years.

With $422 million in fund dollars over the next five years, it’s expected an additional $600 million in private investments with come to the city’s neighborhoods. That’d put the total neighborhood investment at more than $1 billion.

This 2.0 fund would cover the neighborhoods of Grand River Northwest, Warrendale/Cody-Rouge, Russell Woods/Nardin Park, Campau/Banglatown, Gratiot/7-Mile, East Warren/Cadieux, and Jefferson Chalmers.

They join the first three areas seeing intense focus. Those are Islandview/Greater Villages, Vernor/Southwest, and Livernois-McNichols.

The money for the funds will come from foundations, nonprofits, public-private partnership and various governmental sources.

According to the city, this is how the money will be used. 

$49 million will be allocated to make walkable streetscape improvements.

$50 million will be invested in commercial corridor improvements to support commercial, mixed-use and multifamily developments.

$21 million will be invested in parks.

$7 million will be invested in single-family home stabilization to increase population density in the target neighborhoods.

And $3 million will be invested in neighborhood planning efforts to work with the community and coordinate efforts.

FacebookTweetLinkedInEmail

Filed Under: Bagley, Banglatown, City Of Detroit, Cornerstone Village, East English Village, Islandview, Jefferson-Chalmers, Rouge Park, Warrendale

Be In The Know In About 20 Minutes A Day

“Thanks for your excellent coverage! Daily Detroit is part of my morning routine and as a lifelong metro area resident I appreciate your focus.”

– Jessica

Be like Jessica and keep up on the news, stories, and people that are pushing the Motor City forward on the Daily Detroit podcast. Free in your podcast app of choice:

Apple logoGoogle logoSpotify logoAmazon logoPocketcasts logoStitcher logoOvercast logoIheartradio logoRss logo
Previous Post: « PODCAST: Tour An Historic House Renovation In Detroit With The ‘Between 6 & 7’ Bloggers
Next Post: The DMC and Wayne State University Sign A 6 Month Extension »

Primary Sidebar

Support the businesses & orgs that keep us on the air!

Fusion Marketing

Media funded by listeners serves our listeners. Become a member, get swag!

Support this podcast

PODCAST: U of M’s COVID-19 Problems; Campbell In As Lions Coach, Stafford Out As QB w/ Fletcher Sharpe

PODCAST: First Look At Coffee Down Under; Detroit Property Values Up; 5 Things To Know In Metro Detroit

PODCAST: Kwame Kilpatrick Will Walk Free; Metro Detroit Road Project Update

PODCAST: 6 Things To Know Around Detroit Plus Sports w/ Fletcher Sharpe

PODCAST: The End Of Auto Shows As We Knew Them Plus NACTOY Winners w/ Eric Trytko

PODCAST: 7 Things To Know Around Metro Detroit

PODCAST: WTF Happened in Washington w/ Steve Friess

PODCAST: 7 Things To Know Around Metro Detroit

PODCAST: College players can get paid in Michigan; Free beer for Lions fans and more w/ Fletcher Sharpe

PODCAST: The Real Story of Detroit’s “Fist” – The Monument to Joe Louis

Get our newsletter covering what to know & where to go in Metro Detroit in your inbox!


Footer

Popular Topics

Belle Isle Brush Park Business Cars CBD City 5 City Of Detroit Corktown Crowdfunding Culture Development Doing Good Eastern Market East Riverfront Education Events Featured Ferndale Food + Drink Fun Green Hamtramck History Lifestyle Lists Macomb County Midtown New Center News Newsflash Oakland County Opinion Podcasts Policy Royal Oak Shopping Southwest Detroit Sports Staff Picks Tech Things To Do Transit University District Video Wayne County

On Social Media

Visit Us On TwitterVisit Us On InstagramVisit Us On FacebookVisit Us On LinkedinCheck Our FeedVisit Us On Youtube
  • Submit An Idea To Daily Detroit
  • Get Your Daily Detroit Newsletter
  • Listen To The Daily Detroit Podcast
  • Contact Us

Copyright © 2021 · Daily Detroit · 1420 Washington Blvd, Suite 301 · Detroit, MI 48226

Share this ArticleLike this article? Email it to a friend!

Email sent!