The neighborhoods that surround the intersection of East Warren Avenue and Cadieux Road on Detroit’s east side are set to receive a $5 million financial investment.
Blue Cross Blue Shield of Michigan has pledged the money to the East Warren/Cadieux communities through the Strategic Neighborhood Fund and the Affordable Housing Leveraging Fund.
"As a native Detroiter, an east-sider from my earliest years, and as leader of an organization that has called Detroit home for 80 years, it is an honor for me to represent Blue Cross’ commitment to our city’s neighborhoods," Blue Cross Blue Shield of Michigan CEO Daniel J. Loepp said in a release.
"Blue Cross has made significant investments in downtown and our communities, and we’re pleased to join the mayor and community leaders to amplify those investments in ways that strengthen Detroit’s neighborhoods."
As part of the commitment, the $5 million will be disbursed through 2022 as part of the Strategic Neighborhood Fund and the Affordable Housing Leveraging Fund’s commitment to "inclusive neighborhood development."
The money will be used to add and preserve affordable housing, support local businesses, and improve streetscapes and walkability in the district. Public meetings will be held by the City of Detroit to gather further specific needs from the community.
"I’m especially excited to see our dollars leveraged by residents of this neighborhood to design improvements that fit with the needs and character of their community," Loepp says.
"This is a ground-up effort, and we are eager to see the progress that will be made thanks to the ideas and ingenuity of the people who live in this area."
Immediate neighborhoods in the East Warren/Cadieux district include Cornerstone Village, East English Village, and Morningside.
Blue Cross Blue Shield of Michigan is headquartered in downtown Detroit.
Got a development news story to share? Email MJ Galbraith here or send him a tweet @mikegalbraith.