Consumers Energy Foundation Provides $250,000 to New Effort to Create Housing Opportunities in Flint

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

Loading...
Loading...

FLINT, Mich., Nov. 12, 2019 /PRNewswire/ -- The Consumers Energy Foundation celebrated its commitment to Michigan's communities today by providing $250,000 for a new effort to upgrade and sell over three dozen vacant homes to first-time homebuyers in Flint.

Consumers Energy Logo (PRNewsFoto/Consumers Energy)

Metro Community Development will provide new housing opportunities in the north part of Flint through the grant, which is part of the Foundation's first-ever Prosperity Awards. Officials with the nonprofit organization, the Consumers Energy Foundation and the Genesee County Land Bank announced the award at Mount Tabor Missionary Baptist Church, near the first home that will be renovated.

"We are excited to play a role in the revitalization of Flint, which is part of Consumers Energy's commitment to people, the planet and Michigan's prosperity," said Brandon Hofmeister, president of the Consumers Energy Foundation. "Our Prosperity Awards represent that commitment in action, working with great organizations to help Michigan continue to be a great place to live, work and innovate."

"This funding will enable us to strengthen neighborhoods by transforming abandoned houses into affordable and attractive residences for first-time homebuyers," said Brian Glowiak, CEO of Metro Community Development. "It is literally the gift that continues to give as we will leverage the proceeds from each home sale to purchase and renovate additional homes. This will multiply the momentum for cultivating pride, ownership and reinvestment in our community."

The $250,000 grant will support the organization's Acquisition and Rehabilitation Program by facilitating the purchase and rehabilitation of vacant homes into safe, affordable housing for resale to income-eligible homebuyers. The program will support up to 37 homes over the next decade.

Metro Community Development and other community leaders are working to improve housing and create housing and employment opportunities for Flint residents. The new program will work with a local building contractor and deploy young people from Metro Flint YouthBuild, a national workforce readiness program funded through the U.S. Department of Labor, to rehabilitate homes.

"The Genesee County Land Bank is pleased to partner with Metro Community Development to see abandoned tax foreclosed structures transformed into safe and affordable homes for Flint families," said Michele Wildman, executive director of the Genesee County Land Bank.

"I applaud this partnership to help strengthen neighborhoods in Flint and ensure that first-time home buyers have access to affordable housing," U.S. Rep. Dan Kildee said. "I thank the Consumers Energy Foundation and Metro Community Development for their partnership on this project, which will hire Flint residents and bring new economic investment to our city."

The Consumers Energy Foundation will contribute $500,000 to Michigan nonprofits through its Prosperity Awards, which are the second of three $500,000 grant allocations this year totaling $1.5 million. Planet Awards winners were announced in April, and applications for People Awards that support job readiness are being reviewed.

The Consumers Energy Foundation is Consumers Energy's charitable arm. The Consumers Energy Foundation enables communities to thrive and grow by investing in what's most important to Michigan – its people, our planet and Michigan's prosperity.

In 2018, the Consumers Energy Foundation, Consumers Energy and its employees and retirees contributed more than $18.5 million to Michigan nonprofits. For more information, visit www.ConsumersEnergy.com/foundation.

Loading...
Loading...

Consumers Energy, Michigan's largest energy provider, is the principal subsidiary of CMS Energy CMS, providing natural gas and/or electricity to 6.7 million of the state's 10 million residents in all 68 Lower Peninsula counties.

For more information about Consumers Energy, go to ConsumersEnergy.com.

Check out Consumers Energy on Social Media 
Facebook: https://www.facebook.com/consumersenergymichigan
Twitter: https://twitter.com/consumersenergy
LinkedIn: https://linkedin.com/company/consumersenergy
Instagram: https://www.instagram.com/consumersenergy/  

SOURCE Consumers Energy Foundation

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: CommoditiesPress ReleasesReal EstateOilResidential Real EstateUtilities
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...