Detroit, Rocket Community Fund, Announce $2.2M Housing Investment

Detroit MI

06 May, 2021

11:15 AM

Description

DETROIT — A $2.2 million investment into a network of six Detroit-based nonprofits will provide wide-ranging housing and financial stability services to Detroiters, the city, Rocket Community Fund and CHN Housing Partners announced Thursday. The six nonprofits will work together as the Detroit Housing Network, using the investment to grow financial services offered to homeowners, according to a news release. "By combining the collective resources of established community organizations toward one singular purpose, we have the opportunity to bridge existing inequities and allow Detroiters to access the support they need to experience stable, affordable housing," CHN Housing Partners Executive Director Kevin Nowak said. "Over time, the Detroit Housing Network will grow to serve Detroit's high demand for housing-related services." The Rocket Community Fund's investment leverages the City of Detroit Housing & Revitalization Department's investment of COVID-19 response dollars through the federal CARES Act. The list of groups receiving housing and financial grants includes: Bridging Communities, Central Detroit Christian CDC, Jefferson East Inc., Matrix Human Services, U SNAP BAC, and Wayne Metro Community Action Agency. The network is expected to expand to include additional nonprofit partners later this year. Detroiters can contact any of the participating organizations to connect with a housing or financial counselor, the city said. Locations and contact information are available online. "We have a number of excellent programs that can help Detroiters stay in their homes or fix up their homes," Detroit Mayor Mike Duggan said. "We just need to do a better job of letting Detroiters know how to access them. The Rocket Community Fund has been a tremendous partner in our successful efforts to reduce tax foreclosure by 95 percent, and this new program we are launching with its support will make it easier than ever for residents find out about and get the help they need."