By E.B. Allen, Neighborhood News Hub
Jay Meeks and his cat “Paper” are, literally, right at home on Detroit’s west side.
Closing in on the one-year anniversary of his summer 2014 purchase, Meeks says he’s enjoying the benefits of a three-bedroom, tudor-inspired house on Ohio Street just five houses away from Marygrove College.
Meeks, 30, is a Ph.D. student at Michigan State University and glad to have benefited from the lower cost of his house, which he bought through a Talmer Bank program devoting $1 million in forgivable loans to bidders on renovated houses in the area. After returning to Detroit after living in Boston and Lansing, Meeks found it tough to secure a mortgage and was pleased to learn about Talmer’s initiative last June.
“I read about it in the paper and then I heard about it again from a lady at church,” Meeks recalls. After learning he could receive up to $25,000 in assistance – $5,000 forgiven for living five years in the house – he was sold, and so was the home.
Lysa Davis, a Talmer spokesperson, says the program is still available to bidders until the allotted $1 million is exhausted. The response from the public has been positive, but there are more homes to be sold, she adds.
“One of my favorite features is that I can hear the bells ringing on the clock at Marygrove,” Meeks says. “It’s really relaxing in the evening.”
– This blog originally appeared in a new publication, The WEIGH/Neighborhood News Hub. Detroit Unspun is a partner in that venture.