MC Digital Edition 12.14.19

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Walking in Faith:

Oak Grove AME Appoints Rev. Cindy Carr Rudolph First Female Pastor in Church’s Storied History ROOTS. B1

Michigan Chronicle

Vol. 83 – No. 13 | December 4-10, 2019

Powered by Real Times Media | michiganchronicle.com

Detroit Mayor Mike Duggan speaks of importance of Bank of America’s reinvestment in the 0% Interest Home Repair Loan program

Bank of America to Invest $3 million in Detroit Neighborhoods By Patreice A. Massey Bank of America and the city of Detroit recently announced the bank’s investment of $3 million toward its mission of helping homeowners and small-business entrepreneurs. Additionally, the bank unveiled another $2.5 million investment in support of Detroit’s neighborhoods. The announcement was made at Detroit Sip, a Motor City Match recipient located in the city’s Livernois-McNichols neighborhood, an area that has seen significant investment through Invest Detroit. Since 2009, Bank of America has steadily invested $30 million to advance economic mobility and build stronger communities and neighborhoods throughout the city of Detroit in a variety of ways. For example, Bank of America’s assistance for homeowners is available through such programs as the 0% Interest Home Repair Program, which offers homeowners loans at zero interest that can be used to fix up their houses; the Community Homeownership Commitment, which offers down payment assistance grants and additional credits to help homebuyers; and Motor City Match, which gives grants to

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Tahirih Ziegler, Executive Director, Detroit Local Initiatives Support Corporation, thanks Bank of America for reinvestment in 0% Interest Home Repair Loan program. entrepreneurs and helps them find suitable buildings in which to locate their businesses. The bank is also supporting youth employment, adult workforce training, economic mobility, and financial literacy programs so that multiple resources exist for Detroit residents at many stages of life. Bank of America employees are dedicated to the city, as evidenced by the 20,000 volunteer hours and over $1 million in matching grants they

contribute to Detroit each year. “Detroit’s comeback cannot succeed unless it includes its neighborhoods,” Mayor Mike Duggan said. “That’s why these programs supported by Bank of America are so vitally important. They are helping longtime Detroiters participate in the city’s recovery by helping them start their own business, purchase a new home or renovate the home they’ve lived in since

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Gov. Whitmer Statewide FASFA Challenge Should Be a Call-to-Action Beyond Percentile Numbers By Andre Ellington

Detroit Native

long before our city’s comeback began.” It is because of this impact and resurgence in the community that Matt Elliott, Michigan market president at Bank of America, also announced an additional investment of $1.5 million in the 0% Interest Home Repair Program and a $1 million operating grant to Invest Detroit to support its expansion of the Strategic Neighborhood

Fund and Affordable Housing Leverage Fund, which, in partnership with the city of Detroit, has seen a commitment of $35 million this year from corporate partners for improving parks, streetscapes and single-family housing. “Bank of America is committed to investing in the people, places and projects that move Detroit forward. Our neighborhood strategy is providing support that spurs economic mobility for individuals and families,” Elliott said. “This foundation grant and the business investments we’ve made to support entrepreneurship create jobs and make homeownership more attainable and are helping to drive economic mobility and strengthen Detroit now and for future generations.” The 0% Interest Home Repair Program is administered by Local Initiatives Support Corporation (LISC), and has helped more than 500 families since its launch in 2015. The program offers 10year, interest-free loans from $5,000 to $25,000 to help Detroit homeowners invest in and repair their homes – promoting public health and safety, increasing property values, and

where will accept the challenge and aim for a 75 percent rate.”

Every year, millions of high school seniors around the U.S. arm themselves with essays, applications, and recommendation letters to prepare themselves for college. Whether it’s school teachers or overzealous parents, it can be a challenging time for a teenager who’s about to be thrust into the real world. Michigan Gov. Gretchen Whitmer wants to encourage students toward the completion of college materials by introducing the “Governor’s FASFA Challenge.” Gov. Whitmer is challenging high schools in Michigan to increase their Free Application for Federal Student Aid (FASFA) completion rate in the year 2020. The Michigan College Access Network (MCAN), in conjunction with the Michigan College Cash Campaign, aims to have a FASFA completion rate of 75 percent in 2020, which would be an improvement from last year’s rate of 55.9 percent. “Every student deserves a path to a quality, affordable post-

Three winning high schools will have the chance to have Gov. Whitmer, Lt. Gov. Garlin Gilchrist II and other Michigan celebrities as speakers at their Decision Day or graduation commencement ceremony. Additionally, ten high school winners will be granted the opportunity to meet Gov. Whitmer and visit the Capitol.

Gov. Gretchen Whitmer secondary education, and filling out FASFA forms can make an enormous difference for families across the state,” Gov. Whitmer stated. “I just finished helping my daughter fill out her FASFA application while she applied to colleges. It’s simple and can help students everywhere get on a path to a quality postsecondary education. I’m excited to partner with MCAN as they work to spread the word about FASFA and hope high schools every-

As a recent college graduate (Eastern Michigan University), I was excited but concerned about the Governor’s FASFA Challenge. On one hand, completing this challenge will allow high school students to have ample funding for their post-secondary education. This also benefits school districts and communities alike. But on the other hand, I don’t think there’s enough conversation surrounding how these government-binding documents will affect students (primarily black students) if the funds secured are not used correctly. We need to educate our youth

and their parents and/or guardians on how to properly fill out these forms. Some parents and guardians have never filled out a FASFA application, which is why assistance is necessary. Beyond that, financial aid advisors need to break down college costs for incoming freshmen students. Far too often, black students end up graduating with high student account bills due to a lack of knowledge and resources. Statistically, we’re taught to borrow now and think later, not realizing that jobs in today’s market are either downsizing, relocating overseas, or being completely revamped by way of AI (Artificial Intelligence). As a result, salaries and wages are being directly impacted which is why the college debt ceiling currently sits at $1.5 trillion. People can’t borrow their way out of debt, just like high school seniors can’t rush through filling out their FASFA. Skylar Crystal, a graduating senior at Thurston High School says that she looks to her mother and older sibling to help sift her

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