JP Morgan’s $100 million investment in downtown Detroit could spur home value uptick

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Half of the funding will go to community lending organizations to revitalize neighborhoods.

October 01, 2014

Financial giant JP Morgan is investing $100 million aimed at revitalizing Detroit’s neighborhoods near downtown. Half of the money will go to a pair of community lending groups to support the redevelopment of a ring of neighborhoods.  The rest will be split among renovation of abandoned homes, jobs training, and investment in small businesses and city infrastructure.

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