Page 9 - Rocket Community News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Why It Matters: The event is part of an initiative by Rocket to fuel Detroit’s pandemic recovery and bring together residents. Through Changing the Course, golf fans will have the ability to positively impact the digital divide in Detroit. This year, in particular, Rocket Mortgage Classic is doubling down on its charitable focus, aiming to raise more than $1 million through fan engagements and initiatives like AREA 313. “All proceeds raised through AREA 313 will be directed to the Changing the Course initiative, and these contributions will be invested into organizations and infrastructur...

Detroit home renovation program to get $5M injection April 15, 2021 FacebookTwitterEmail DETROIT (AP) — Detroit and the Rocket Community Fund said Thursday that they are contributing $5 million to a program that renovates houses and provides better access to financing for existing and potential homeowners. The funding is expected to add at least 200 homes across 10 Detroit neighborhoods to the Rehabbed & Ready program, which turns blighted single-family homes owned by the Detroit Land Bank Authority into move-in ready ones. The land bank oversees the renovations. The $2.5 million from the R...

DBusiness Daily Update: Rocket Community Fund and City of Detroit Invest $5M in Home Rehab Program, Automation Alley Distributes 300 3-D Printers, and More Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message. Courtesy of Bridge Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a bus...

The move this week by Dan Gilbert and his Rock Holdings Inc. to sell shares in Rocket Companies Inc. to raise $500 million to support Detroit neighborhoods is a common practice in philanthropy, experts say. “It’s not unique,” said Kyle Caldwell, president and CEO of the Council of Michigan Foundations. “Some of our more storied foundations across the country and even in our backyard in Michigan have been developed through the selling of stock.” When Charles Stewart Mott died in 1973, Caldwell noted, he was a large holder of General Motors stock. The sale of stock helped fund an ...

Gilberts' company sells $500 million in Rocket stock to fund Detroit philanthropy Gilberts' company sells $500 million in Rocket stock to fund Detroit philanthropy Chad Livengood/Crain's Detroit Business Billionaire mortgage mogul Dan Gilbert will fund his philanthropic venture with proceeds from a sale of Rocket Companies stock Billionaire mortgage mogul Dan Gilbert will fund his $500 million Detroit-focused philanthropic initiative with the proceeds from a stock sale earlier this week. Regulatory filings with the U.S. Securities and Exchange Commission on Wednesday evening show that Rock H...