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Development group to bid on 24 Detroit neighborhoods

Posted at 1:31 PM, Mar 27, 2017

A Detroit real estate development group is planning to bid on a large area of the city's northwest side that spans 25 square miles and 24 neighborhoods.

City Councilman George Cushingberry tells The Detroit News (http://detne.ws/2nERRok ) that the corporate counsel is reviewing the legality of Home Team Detroit's proposal and is expected to present a report in about two weeks.

Home Team CEO David Prentice, who formed the group less than a year ago, says the group's plan is to stop losing foreclosed homes from unpaid property taxes.

To do that, Home Team plans to buy thousands of northwest properties before they head to the annual tax foreclosure auction and fix them up while offering paths for tenants to become homeowners.