Building Fund
Coverage of Building Fund in the Nexus archive.
- The City Council Could Expand Eaton Fire Fee Waivers to Damaged Standing Homes
Pasadena could expand its Eaton Fire permit fee waiver program to cover standing homes damaged by smoke, soot, ash, or water. The City Council will consider waiving city plan check and permit fees for qualifying owner-occupied homes in mandatory evacuation or warning areas. This expansion is estimated to cost $100,000 and would be funded by the city’s Building Fund.
- Detroit nonprofit helps Black developers turn vacant properties into thriving neighborhoods
Black Leaders Detroit, a nonprofit, launched a building fund offering no-interest loans up to $150,000 and training to Black developers to renovate vacant properties in Detroit. Keith Buford, a developer who renovated 21 homes since 2021, highlighted the fund's role in overcoming financial barriers by providing partial loans upfront. The initiative aims to ensure local Detroiters benefit from the city's growth by lowering capital access hurdles.