Abandoned houses! Blighted neighborhoods! It all sounds so sexy thanks to a revitalization initiative put in place by Detroit Mayor Dave Bing, who’s incentivizing prospective buyers with $150K in renovation money, should they choose to scoop one of these properties off the market. As part of Bing’s program, police officers willing to move to Detroit only have to put $1,000 down, and college grads get $2,500 in rental money and a $20,000 forgivable loan if they do indeed buy something (that may or may not be an upgrade from the frat house). There are 100 houses in total, and they’ve all been documented by terrific photographer Kevin Bauman. Turns out you don’t need Eminem to make Motor City look beautiful.
Pretty shots of abandoned homes that Detroit will pay you to buy
Most Popular Articles
Latest Articles
Kristen Sieffert leads the reverse mortgage presence at The Gathering
FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.