Strategic Neighborhood Fund Expands: $40M Investment to Deepen Detroit’s Revitalization

Detroit’s neighborhoods are the heart of the city—where the vibrancy of everyday life unfolds and where change, when it happens, has a real and lasting impact. That’s why the recent announcement of the third phase of the Strategic Neighborhood Fund (SNF) feels like more than just another development program. It’s a testament to the city’s ongoing transformation, one rooted in partnerships, community input, and an unwavering commitment to equitable revitalization. The City of Detroit, alongside Invest Detroit, has revealed the next step in this journey, a $40 million third phase aimed at amplifying the progress already made in ten key neighborhood areas. These are neighborhoods where investment isn’t simplified to just a financial transaction, but an intentional act of rebuilding trust, restoring vitality, and ensuring that Detroiters—long before the new investments—remain at the center of it all. “Thanks to Invest Detroit and our corporate and philanthropic partners, the first two rounds of SNF have spurred major development in 10 neighborhood clusters around the city, providing more affordable housing, improved parks, and revitalized commercial corridors,” Mayor Mike Duggan emphasized. The impact of this investment is visible, tangible. It’s in the new small businesses springing up along East Warren, the affordable housing...