Detroit Evening Report, August 31, 2022: Detroit Land Bank Authority presents deeds to ‘Occupied Buy Back’ graduates
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Residents who have graduated from the Detroit Land Bank Authority’s Occupied Buy Back program received deeds to homes Wednesday.
The goal of the land bank is to return the city’s blighted and vacant properties to livable standards. The Occupied Buy Back program offers residents land bank homes with an opportunity to purchase the property for just $1,000 after completing the program requirements. Detroit city council member Coleman Young II attended the ceremony. He says this is the beginning of an effort to regain self-sufficiency.
“Homes are not just bricks and beams, they’re hopes and dreams,” Young says. “And this is an opportunity for us to be able to not just give folks an opportunity having the American dream but to restore something that was taken from them.”
According to the Detroit Land Bank, a thousand people have purchased houses through the Occupied Buy Back program since 2016. More than 900 applicants have successfully exited the program and received their deed.
Other headlines for Aug. 31, 2022:
- City of Detroit to mow lawns of vacant lots through October 31
- Detroit officials to begin accepting applications for recreational marijuana shops
- Motor City Match awards $1 million in grants to grow Detroit businesses
Photo Credit: City of Detroit, Facebook
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