DETROIT (WXYZ) - Detroit Mayor Dave Bing and executives with Bank of America announced a new partnership aimed at tackling part of the problem of vacant homes.
Bank of America's CEO, Brian Moynihan, says his company has pledged to demolish 100 decaying homes that are vacant. The estimated cost is about $1,000,000.
Mayor Bing's Projec t 14 which is aimed at getting police officers who live in the suburbs to move into the CIty will also get a boost with Bank of America donating ten foreclosed properties to the program.
Bank of America is also planning to open up two service centers in Detroit for their customers to get personal help in dealing with the many issues of home ownership. Locations for the new customer service centers are still to be determined.
THIS MORNING DETROIT MAYOR DAVE BING AND EXECUTIVES WITH BANK OF AMERICA ANN OUNCED A NEW PARTNERSHIP.. ONE TARGETED TO HELP WITH THE ISSUE OF VACANT HOMES IN THE CITY.. MANY OF WHICH BANK OF AMERICA INHERTED THRU THEIR ACQUISITION OF COUNTRYWIDE MORTGATE..
FIRST UP BANK OF AMERICA WILL DONATE TEN HOMES TO PROJECT FOURTEEN. THE MAYOR’S PROGRAM AIMED AT GETTING DETROIT POLICE OFFICERS WHO LIVE OUTSIDE THE CITY TO MOVE BACK.. AND THE CITY WILL GET TO SELECT THE TEN PROPERTIES.
SOT AT 57:45 ((KARLA HENDERSON/CITY OF DETROIT )) – “WE’RE VERY EXCITED… TO CHOOSE FROM.”
AND WHEN IT COMES TO DECAYING VACANT HOMES--BANK OF AMERICA ALSO ANNOUNCED THAT THEY WILL DEMOLISH 1OO OF THEM AT A TOTAL COST OF ABOUT A MILLION DOLLARS…
AND FINALLY BANK OF AMERICA IS PLANNING TO OPEN UP TWO CUSTOMER SERVICE CENTERS IN THE CITY WHERE THEIR CUSTOMERS CAN GET FACE TO FACE ASSISTANCE THROUGH THE DIFFICULT ISSUES OF HOME OWNERSHIP.
10:01:26 ((KEITH COCKRELL/BANK OF AMERICA, MIDWEST REGION)) - “OBVIOUSLY, WE’RE GONNA BE SENSITIVE TO TRANSPORTATION … CITY OF DETROIT.”
SOT AT 54:03 ((BRIAN MOYNIHAN/CEO, BANK OF AMERICA)- “IT’S A SMALL STEP.. FURTHER EFFORTS.”
IN DETROIT KIMBERLY CRAIG CHANNEL SEVEN ACTION NEWS.
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
More Detroit Headlines
Detroit police are investigating a shooting involving a homeless man.
7 Action News is proud to be a Media Partner and a participant in the Susan G. Komen Race for the Cure. INSIDE: See our pictures and submit your own
The 22nd Annual Susan G. Komen Race for the Cure is finishing up in downtown Detroit.