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Detroit's Warrendale-Cody Rouge Neighborhoods to Receive $7.4M+ in Redevelopment Work

Detroit's Warrendale-Cody Rouge Neighborhoods to Receive $7.4M+ in Redevelopment Work
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PNC Bank commits $7.5 million to affordable housing in Detroit

PNC Bank commits $7.5 million to affordable housing in Detroit
Published
A new tool being developed by Google will help people find affordable housing in Detroit
DETROIT - PNC Bank has committed $7.5 million to creating and preserving affordable housing across Detroit.
The investment was made to the DetroitHousing for the Future Fund which directs private capital to support developments in need of gap financing, according to Mayor Mike Duggan’s office.
The city has a goal of preserving 10,000 units of existing affordable housing and developing 2,000 units of new affordable housing through public and private initiatives.
More than 1,000 new affordable housing units have opened or are under construction in Detroit while nearly 7,000 existing units either have had their affordable rents extended for another 15 to 30 years or are in the pipeline to have them extended. ....

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PNC Bank commits $7.5M to affordable housing in Detroit

DETROIT (AP) PNC Bank has committed $7.5 million to creating and preserving. ....

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DBusiness Daily Update: Amazon Hiring 3,200 for Jobs in Metro Detroit, PNC Bank Gives $7.5M to Future Detroit Housing Fund, and More

DBusiness Magazine
DBusiness Daily Update: Amazon Hiring 3,200 for Jobs in Metro Detroit, PNC Bank Gives $7.5M to Future Detroit Housing Fund, 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, as of May 13
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. ....

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PNC Bank invests $7.5 million in Detroit housing fund

PNC Bank invests $7.5 million in Detroit housing fund
Fund aims to close financing gaps for residential developers
$75 million fund has raised $48 million so far
CoStar Group Inc.
PNC Bank s regional headquarters is in Troy.
PNC Bank has become the latest lender to take part in the public-private Detroit Housing for the Future Fund.
In a joint news release Wednesday, the city and PNC Bank, which has its regional headquarters in Troy, announced that the lender has made an investment of $7.5 million toward the fund, which seeks to preserve affordable housing in the city of Detroit.
Pittsburgh-based PNC had about $463 billion in total assets as of the end of last year, according to a regulatory filing, and has about 2,200 locations in 10 states, including about 200 in Michigan. ....

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