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Detroit gets creative as it attempts to rebuild housing

Posted by: In: Real Estate 24 Mar 2014 Comments: 0 Tags: ,

Detroit is trying to attract new residents, as nonprofit groups begin offering incentives to encourage more people to buy a home in Motor City.

photo credit: paul bica via photopin cc

One of the newest programs starting next month, called “Write a House,” is giving homes away — for free — to writers. A panel of writers and poets will review applications from literary authors, poets, and journalists, and they will decide who will get a free house. The writer will be required to live in the renovated home for two years, pay insurance and taxes (about a $500 monthly fee), and agree to make low-cost interior improvements, reports the New York Times.

As part of the launch of the program, three homes have been donated or purchased (for $1,000 each), and the Detroit bungalows will undergo a $35,000-to-$70,000 renovation from a nonprofit group called Young Detroit Builders.

Other initiatives are also aimed at rebuilding Detroit neighborhoods, which were badly hit by unemployment during the housing crisis. The city also declared bankruptcy in 2013.

Power House Productions, an artist-run nonprofit, aims to stabilize neighborhoods by marketing vacant properties for public art installations. Also, artist Tyree Guyton, founder of the Heidelberg …read more

Source: Realtybiznews



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