Detroit mayor Mike Duggan has announced commitments totaling $35 million from seven corporations in support of community development efforts in the city.
With the commitments, the Strategic Neighborhood Fund, a public-private partnership launched in 2017 with a $42 million investment in three neighborhoods — Livernois/McNichols, Southwest/West Vernor, and Islandview/Greater Villages — will be expanded to seven additional neighborhoods — Grand River Northwest, Jefferson Chalmers, Russell Woods/Nardin Park, Campau/Banglatown, Warrendale/Cody-Rouge, Gratiot/7-Mile, and East Warren/Cadieux.
The commitments of $5 million each from AAM, Blue Cross Blue Shield of Michigan, Chemical Bank, Fifth Third Bank, Flagstar Bank, Huntington Bank, and Penske Corporation are expected to leverage an additional $70 million, for a total of $105 million, in support of five objectives: the creation of new parks as well as improvements to existing parks; commercial and residential development in corridors plagued by vacant storefronts and lots; streetscape improvements, including street and sidewalk repaving; single-family home stabilization; and affordable housing development.
"We've been working closely with the community in every neighborhood to encourage and empower the residents to stay and be a part of this city's comeback," said Maurice Cox, the city's director of planning and development. "The people of Detroit who have stayed through the good times and the bad must continue to be at the forefront of this effort. We want to make sure that Detroit's recovery includes them, because they are Detroit's future."
"Today, we are seeing a major shift within the corporate community toward investment to our neighborhoods, and residents can expect real, physical changes coming in the next few years," said Duggan. "With the help of our partners and this record-breaking commitment, we are taking the strategy that worked in Midtown and scaling it citywide to bring more development to neighborhoods across our city."