JPMorgan Chase announces Detroit home program - KMSP-TV

JPMorgan Chase announces Detroit home program

Posted: Updated:
DETROIT (AP) -- Financial giant JPMorgan Chase and Liberty Bank are starting a program in Detroit to help people finance, repair and restore homes being sold through the city's online auctions.
 
The financial institutions announced Thursday that the Home Restoration Program is for those buying homes through Detroit Land Bank Authority auctions and will include other "priority neighborhoods" in the future.
 
JPMorgan Chase, through the JPMorgan Chase Foundation, will provide $5.5 million to Liberty Bank's nonprofit community development bank, Liberty Foundation Inc., to help people in Detroit purchase and rehabilitate blighted properties.
 
It's part of JPMorgan Chase's plans announced in May to spend $100 million over five years in Detroit to support and accelerate the bankrupt city's economic recovery. So far, JPMorgan Chase says it's put $20 million to work.

  • Local NewsLocal NewsMore>>

  • Renisha McBride's family leaves courtroom as photos are shown

    Renisha McBride's family leaves courtroom as photos are shown

    Thursday, July 24 2014 6:29 PM EDT2014-07-24 22:29:16 GMT
    On day two of the trial for Renisha McBride's shooting death, the final hours of her life and the moments after her death were detailed in court. Thursday the jury heard what Ted Wafer, her accused killer, told police about the shooting that night.  
    On day two of the trial for Renisha McBride's shooting death, the final hours of her life and the moments after her death were detailed in court. Thursday the jury heard what Ted Wafer, her accused killer, told police about the shooting that night.  

  • Romulus teen dies after crashing car during police chase

    Romulus teen dies after crashing car during police chase

    Thursday, July 24 2014 5:43 PM EDT2014-07-24 21:43:30 GMT
    An 18-year-old man is dead after a police chase ended in a crash. The chase ended on Beverly Street in Romulus.
    An 18-year-old man is dead after a police chase ended in a crash. The chase ended on Beverly Street in Romulus.
  • Science lover looking for a place to call home

    Science lover looking for a place to call home

    Thursday, July 24 2014 5:34 PM EDT2014-07-24 21:34:22 GMT
    Right now, about 300 children in Michigan are waiting to be adopted. Many of them are teens.One of the is Marvin, whose love for science goes to infinity and beyond. He's been in foster care for a long time but he still dreams of finding a place to call home.
    Right now, about 300 children in Michigan are waiting to be adopted. Many of them are teens.One of the is Marvin, whose love for science goes to infinity and beyond. He's been in foster care for a long time but he still dreams of finding a place to call home.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices