Sale of sixteen Equity Fund homes to Price Rite Investments
Detroit
Summary
The city bought 16 homes from solar-project homeowners and now plans to sell them for $180,000 total to an investor who will rehab and lease to veterans. A caller questioned whether the city is selling below what it paid; the chair promised follow-up questions before the September 10 return.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jul 23, 2026.
Impact analysis
The $180,000 purchase price may be less than the city's acquisition cost — an open question the chair will pursue.
Veterans who would lease the rehabbed homes, and the sixteen former homeowners who were able to relocate voluntarily.
Taxpayers may absorb a loss if the homes sell below acquisition cost; the caller urged scrutiny.
Mentions & discussions (1)
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