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Fisher Body plant redevelopment gets $1M from state The ambitious plan to transform the old Fisher Body complex in Detroit into an apartment and mixed-use development received a $1 million boost from the state. The project, which began last month at the derelict factory near the I-75 and I-94 interchange, is being supported with grant…

Detroit launches $7M second round of down payment assistance Detroit Mayor Mike Duggan and other officials on Thursday officially rolled out the second round of down payment assistance for some would-be homebuyers in the city.  The second funding round was announced in December following a $12 million first round that city officials say was used to support 434…

Work begins on long-delayed Commerce Township retail center Developers are breaking ground this summer on a long-delayed retail and residential center in Commerce Township.  Robert B. Aikens & Associates, the development team behind the Five & Main retail “lifestyle center,” announced it has started $4 million in infrastructure work on a 45-acre site at M-5 and Pontiac…

30-year mortgage rate slips to lowest in 3 months The average rate on a 30-year mortgage loan eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices. The rate fell to 6.86% from 6.87% last week —  the lowest level in about three months, mortgage buyer Freddie Mac said Thursday….