DE.
BRIAN ABEL IS THERE, AND THE
FAMILIES WERE ABLE TO DO IT
WITH A THOUSAND DOLLARS.
>> Reporter: A THOUSAND BUCKS.
AND YOU CAN PROBABLY HEAR SOME
OF THE EXCITEMENT AS THE
HOMEOWNERS DO THE PAPERWORK AT
TABLES AND MAKE THEIR WAY
AROUND THE ROOM AND KEEP
ONCOMING AROUND UNTIL THEY GO
THROUGH THE THAT PROFIT
ORGANIZATION IS RIGHT HERE AND
THEN THIS IS WHERE THINGS GET
REALLY EXCITING OVER HERE.
THIS IS WHERE THEY PICK UP
THEIR DEEDS AND AT THE END I
DON'T KNOW IF YOU SEE THAT, BUT
THEY HAVE CAKE CONVEYED TO
CELEBRATE.
THE MAYOR IS HERE TO CELEBRATE.
-- CAKE HERE TO CELEBRATE.
MAYOR IS HERE TO CELEBRATE.
HE SAYS THE PROGRAM IS
ESSENTIAL FOR DETROIT BECAUSE
IT STABILIZES FABHOODS BY
KEEPING HOUSES OCCUPIED.
FAMILIES HAVE EITHER LIVED IN
THE HOME OR WERE IN THE ABLE TO
PAY AND THEY GAVE A THOUSAND
DOLLAR FEE TO THE LAND BANK WHO
TOOK CONTROL OF THE FORECLOSED
HOMES AND THE FAMILIES PUT ONE
MONTH WORTH OF PROPERTY TACKS
INTO AN ESCROW ACCOUNT AND HERE
TODAY THEY USE THE CASH TO PAY
NEXT YEAR'S PROPERTY TAXES AND
IN RETURN HAVE A DEED TO THEIR
HOME.
>> I AM EXCITED BECAUSE I NEVER
OWNED A HOME BEFORE.
SO, THIS IS MY FIRST HOME THAT
I OWNED AND I AM EXCITED.
>> I AM ECSTATIC YOU KNOW.
I AM HERE TO COLLECT MY DEED
AFTER LABORS OF HARD WORK.
SUCCESSFULLY PAY IT OFF.
>> Reporter: YOU WILL SEE THE
EXCITEMENT.
DURING THE ONE YEAR OF THE
PROGRAM THE FAMILIES HAD TO
MAINTAIN THE HOME AND KEEP UP
ON TAXES AS WELL AS A WATER
BILL.
AND THIS IS JUST THE FIRST OF
THE GRADUATING CLASS IF YOU
WILL OF THIS PROGRAM.
THERE'S MORE THAN 500 FAMILIES
