Business

Detroit City Workers and Families Get Half Off on Auctioned Homes

January 26, 2015, 6:23 AM


A house up for auction at 2725 S Deacon St.

The Mayor Mike Duggan administration has a deal for City of Detroit employees, retirees and their immediate families: Half off  homes sold in a city auction designed to save fixable homes in stable neighborhoods.

Matt Helms writes in the Freep:

Current city workers — those on the city payroll or working on contract with the city — and retirees will be eligible for 50% off the final auction price of homes put up to bid through the Detroit Land Bank, spokesman Craig Fahle told the Free Press.

Factoring in immediate relatives — which include siblings, children and parents of the city's current and retired work force — adds a potential pool of buyers far beyond the city's current workforce of about 9,000, along with 23,000 retirees.

The incentive is designed as both a reward to city workers, past and present, and as a way to lure more people back to the city through one of the Duggan administration's signature efforts to arrest blight.


Read more:  Detroit Free Press


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