JPMorgan Chase is providing another $1.2 million for the continued revitalization and stabilization of Detroit’s neighborhoods.
As part of its $100 million, five-year commitment to the city announced in 2014, its latest grants are going to six community development programs that will continue to support recovery through affordable housing, blight removal, and new business creation in neighborhoods such as Cody Rouge, Hubbard Farms/Hubbard Richard, the Lower Eastside, Marygrove-Fitzgerald, Michigan-Livernois, and the North End.
“These targeted efforts provide Detroiters with the local resources they need to invest in the future of their own neighborhoods and create more widely shared prosperity,” said Janis Bowdler, head of community development initiatives for JPMorgan Chase, in a statement. “By investing in these programs, the quality of entire neighborhoods can improve as housing prices stabilize, blighted homes are removed or renovated, and education programs offer residents the support they need to own a home.”
The new grants include:
- Southwest Solutions, an organization that provides a broad range of programs in human services, economic development, and resident engagement, received $800,000;
- Vanguard Community Development Corp., a nonprofit that works to acquire and rehab vacant housing through its North End HomeBuild program, received $150,000;
- Grandmont Rosedale Development Corp., whose community stabilization program aims to stabilize housing values, reduce vacancy and blight, encourage affordable homeownership and attract new businesses, received $77,500;
- Eastside Community Network, which aims to improve the Mack Avenue Corridor by stabilizing existing businesses and removing blight, received $75,000;
- Michigan Community Resources, which helps to improve systems that improve the quality of life and economies of residents in low-income neighborhoods, received $75,000; and
- Community Development Advocates of Detroit, a membership organization of community development and neighborhood improvement groups, received $50,000.
“There is a lot of work yet to do, but Detroit is on the road to recovery,” said Detroit mayor Mike Duggan in a statement. “Neighborhoods like the North End and Michigan-Livernois are getting better because of the programs JPMorgan is supporting and the great work of our community partners.”