April 17, 2015 | Detroit Free Press
Potential homeowners who have been stymied by Detroit’s low real-estate values have a new path to home ownership in a mortgage program that offers easier rules for eligibility, lower interest rates and the ability to include money to rehabilitate homes.
On Thursday, Detroit Mayor Mike Dugann unveiled details of the plan, which he said will address some of the biggest problems that stop people from getting loans on Detroit homes. [...]