New Home Repair Fund Has $20 million for Detroit Homeowners

Detroit

The Gilbert Family Foundation, ProMedica, and DTE Energy have teamed up to launch a new initiative that will give home repairs to Detroit homeowners with low incomes. Roofs, foundations, staircases, windows, drywall, and other repairs will be provided to houses whose income is at or below 200 percent of the federal poverty threshold, according to the organizations.

For more information on getting a grant and also learning about refinance programs, take a look at this.

The Detroit Home Repair Fund (DHRF), which will be administered by Enterprise Community Partners and the Green & Healthy Homes Initiative (GHHI), will feature a $10 million contribution from the Gilbert Family Foundation, $8 million from ProMedica, and $2 million from DTE. The fund will oversee all aspects of residential house repairs to expedite the experience for homeowners, as well as provide technical support and training workshops on complete evaluation tools, braiding funding, best practices, and standardization. Wayne Metropolitan Community Action Agency, United Community Housing Coalition, Eastside Community Network, EcoWorks, Matrix Human Services, and CLEARCorps Detroit are among the current DHRF partners.

“We’re really going to be able to, as a group, more holistically address the issues that some of these customers have to go above and beyond normal energy efficiency. Look, a lot of the customers and a lot of the people that will have this don’t have the means to do this on their own,” Trevor Lauer, the President of DTE Energy said.

Home repair grants were the most often requested program, according to Detroit City Council President Mary Sheffield. “Home repair is critical in stabilizing neighborhoods,” she said. “It shuts off the pipeline to blight in our communities.”

For more information on getting a grant and also learning about refinance programs, take a look at this.

Detroit homeowners will need to apply to the 2022 Homeowner Property Exemption to be eligible for assistance from the repair fund. For more details about DHRF, Detroit residents can call (313) 306-2082.

A Macedonia native, Magdalena has been writing financial articles for the past 3 years. She is an excellent researcher and loves spending time looking for details other may have overlooked. In her spare time she loves to travel and spend time with her family.
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