Invest Detroit and Ally Charitable Foundation Announce $1 Million Grant to Support City of Detroit's Strategic Neighborhood Fund
Ally Charitable Foundation has announced a $1 million commitment to Detroit's Strategic Neighborhood Fund (SNF), targeting improvements across 10 Detroit neighborhoods. This grant, part of SNF 3.0, will support affordable housing development and Spark Grant programs for small businesses.
The SNF, launched in 2016 by the City of Detroit and Invest Detroit, has already invested $262 million, resulting in 10 neighborhood framework plans, 78,000 SF of commercial space, 378 housing units, and 86 home rehabs. The program has completed 12 park and greenway projects, with 4 more in progress, and 12 streetscape projects.
Each neighborhood undergoes a year-long planning process with resident participation to shape implementation of streetscapes, commercial corridors, and parks. The initiative has shown positive results, with decreased poverty and residential vacancy in all 10 target neighborhoods, and population increases in six areas.
Ally Charitable Foundation ha annunciato un impegno di 1 milione di dollari per il Strategic Neighborhood Fund (SNF) di Detroit, mirando a miglioramenti in 10 quartieri di Detroit. Questa sovvenzione, parte del SNF 3.0, supporterà lo sviluppo di abitazioni a prezzi accessibili e i programmi Spark Grant per piccole imprese.
Il SNF, lanciato nel 2016 dalla Città di Detroit e Invest Detroit, ha già investito 262 milioni di dollari, portando alla creazione di 10 piani di sviluppo per i quartieri, 78.000 piedi quadrati di spazio commerciale, 378 unità abitative e 86 ristrutturazioni di case. Il programma ha completato 12 progetti di parchi e percorsi verdi, con altri 4 in corso, e 12 progetti di riqualificazione stradale.
Ogni quartiere attraversa un processo di pianificazione di un anno con la partecipazione dei residenti per modellare l'implementazione delle aree pedonali, dei corridoi commerciali e dei parchi. L'iniziativa ha mostrato risultati positivi, con una diminuzione della povertà e della vacanza residenziale in tutti i 10 quartieri target, e un aumento della popolazione in sei aree.
Ally Charitable Foundation ha anunciado un compromiso de 1 millón de dólares para el Strategic Neighborhood Fund (SNF) de Detroit, con el objetivo de realizar mejoras en 10 barrios de Detroit. Esta subvención, parte del SNF 3.0, apoyará el desarrollo de viviendas asequibles y los programas Spark Grant para pequeñas empresas.
El SNF, lanzado en 2016 por la Ciudad de Detroit y Invest Detroit, ya ha invertido 262 millones de dólares, resultando en 10 planes de marco para barrios, 78,000 pies cuadrados de espacio comercial, 378 unidades de vivienda y 86 rehabilitaciones de viviendas. El programa ha completado 12 proyectos de parques y caminos verdes, con 4 más en progreso, y 12 proyectos de embellecimiento urbano.
Cada barrio pasa por un proceso de planificación de un año con la participación de los residentes para dar forma a la implementación de las calles, los corredores comerciales y los parques. La iniciativa ha mostrado resultados positivos, con una disminución de la pobreza y de la vacante residencial en los 10 barrios objetivos, y aumentos de población en seis áreas.
알리 자선 재단은 디트로이트의 전략적 이웃 기금(SNF)에 100만 달러의 기부를 발표하였으며, 디트로이트의 10개 동네에서 개선 작업을 목표로 하고 있습니다. 이 보조금은 SNF 3.0의 일환으로, 저렴한 주택 개발과 소기업을 위한 스파크 보조금 프로그램을 지원할 것입니다.
SNF는 2016년 디트로이트 시와 인베스트 디트로이트에 의해 시작되었으며, 이미 2억6200만 달러를 투자하여 10개의 동네 프레임워크 계획, 78,000 평방피트의 상업 공간, 378개의 주택 및 86개의 주택 개조를 완료했습니다. 이 프로그램은 12개의 공원 및 녹지 프로젝트를 완료하였고, 현재 4개가 진행 중이며, 12개의 거리 경관 프로젝트도 수행되었습니다.
각 동네는 주민 참여를 통해 거리 경관, 상업 복도 및 공원의 구현을 형성하는 1년 간의 계획 과정을 거칩니다. 이 이니셔티브는 모든 10개 목표 동네에서 빈곤과 주거 공실이 감소하고, 6개 지역에서 인구 증가를 보이며 긍정적인 결과를 보여주었습니다.
Ally Charitable Foundation a annoncé un engagement de 1 million de dollars pour le Strategic Neighborhood Fund (SNF) de Detroit, visant des améliorations dans 10 quartiers de Detroit. Cette subvention, faisant partie du SNF 3.0, soutiendra le développement de logements abordables et les programmes Spark Grant pour les petites entreprises.
Le SNF, lancé en 2016 par la ville de Detroit et Invest Detroit, a déjà investi 262 millions de dollars, aboutissant à 10 plans de cadre de quartier, 78 000 pieds carrés d'espace commercial, 378 unités de logement et 86 rénovations de maisons. Le programme a achevé 12 projets de parcs et de voies vertes, avec 4 autres en cours, ainsi que 12 projets d'aménagement urbain.
Chaque quartier suit un processus de planification d'un an avec la participation des résidents pour façonner la mise en œuvre des aménagements urbains, des corridors commerciaux et des parcs. L'initiative a montré des résultats positifs, avec une diminution de la pauvreté et des logements vacants dans les 10 quartiers ciblés, et une augmentation de la population dans six zones.
Ally Charitable Foundation hat ein Engagement von 1 Million Dollar für den Strategic Neighborhood Fund (SNF) in Detroit angekündigt, das Verbesserungen in 10 Stadtteilen von Detroit zum Ziel hat. Dieser Zuschuss, Teil von SNF 3.0, wird die Entwicklung von bezahlbarem Wohnraum und die Spark Grant-Programme für kleine Unternehmen unterstützen.
Der SNF, der 2016 von der Stadt Detroit und Invest Detroit ins Leben gerufen wurde, hat bereits 262 Millionen Dollar investiert, was zu 10 Nachbarschaftsrahmenplänen, 78.000 Quadratfuß Gewerbefläche, 378 Wohneinheiten und 86 Hausrenovierungen geführt hat. Das Programm hat 12 Park- und Grünwegprojekte abgeschlossen, von denen 4 weitere in Arbeit sind, sowie 12 Straßenbauprojekte.
Jede Nachbarschaft durchläuft einen einjährigen Planungsprozess mit der Beteiligung der Anwohner, um die Umsetzung von Straßenlandschaften, Gewerbegebieten und Parks zu gestalten. Die Initiative hat positive Ergebnisse gezeigt, mit einem Rückgang der Armut und der Wohnungsleerstände in allen 10 Zielvierteln sowie einem Anstieg der Bevölkerung in sechs Bereichen.
- None.
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- Ally Charitable Foundation grant supports SNF's affordable housing and Spark Grant programs citywide
- SNF was launched in 2016 by the
City of Detroit and Invest Detroit to improve quality of life and access to economic opportunity in 10 neighborhoods around the city.
Ally's grant will support affordable housing development, as well as Spark Grant programs for small businesses in all SNF neighborhoods. The SNF grant is part of Ally's larger charitable efforts in
"Affordable housing is a pressing need both locally and nationally, and empowering small businesses through Spark Grant programs is essential for fostering vibrant communities," said Kathie Patterson, chair of the Ally Charitable Foundation and chief human resources and corporate citizenship officer at Ally. "We are committed to advancing the progress SNF has initiated and to promoting inclusive economic mobility for our hometown, in collaboration with the
SNF is administered by Invest Detroit, a 501(c)3 organization and community development financial institution (CDFI). For almost three decades, Invest Detroit has catalyzed growth in
As part of SNF, each neighborhood goes through a year-long planning process in partnership with residents to shape the implementation of streetscapes, commercial corridors, and parks. These projects are then implemented in the years that follow in all 10 SNF neighborhoods.
Work through the SNF is also designed to reduce displacement, often in partnership with the City's Affordable Housing Leverage Fund. Residents are engaged from the beginning of the planning process, and the focus is on improving the quality of life in the neighborhoods for those who already live there.
With the investment from Ally, the SNF will deepen its focus in 10 neighborhoods, spread across every council district:
- Jefferson Chalmers
- Warrendale/Cody-Rouge
- Campau/
Davison /Banglatown - East Warren/Cadieux
- Grand River Northwest
Gratiot /7 Mile- Russell Woods/Nardin Park
- Islandview/Greater Villages
- Southwest/Vernor
- Livernois-McNichols
"Creating more affordable housing across
Investment in SNF neighborhoods has been substantial. Since its inception in 2016, SNF has invested
"We are truly grateful for Ally's generous investment in SNF 3 and their continued commitment to
About Ally Financial
Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business, driven by a mission to "Do It Right" and be a relentless ally for customers and communities. The company serves approximately 10 million customers with deposits and securities brokerage and investment advisory services as well as auto financing and insurance offerings. The company also includes a robust corporate finance business that offers capital for equity sponsors and middle-market companies. For more information, please visit www.ally.com.
For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.
For further images and news on Ally, please visit http://media.ally.com.
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FAQ
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