Detroit works to restore functional housing market

Civic and business leaders have identified eight neighborhoods that they believe have the best chance of a revival.

By Peter Fabris, Contributing Editor | February 12, 2016
Detroit works to restore functional housing market
Detroit works to restore functional housing market

Detroit has begun an innovative experiment to address a six-decades-long flight of 1 million people that has left the housing market battered.

Civic and business leaders have identified eight neighborhoods that they believe have the best chance of a revival. The city is moving aggressively to demolish structures that are beyond repair and auction ones that are salvageable. A community bank has begun an effort to sell newly rehabbed houses, even if it means taking a loss.

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