DETROIT – Ally Charitable Foundation announced a $1 million commitment to Detroit’s Strategic Neighborhood Fund (SNF), a partnership between the City of Detroit and Invest Detroit targeting 10 neighborhoods across the city.
The grant is part of the third phase of SNF and aims to expand and build on the impact of the first two phases of the program.
Jermaine Ruffin, a senior vice president at Invest Detroit, joins Matt Roush and Mike Brennan on MITech TV to provide more details. Ally’s grant will support affordable housing development, as well as Spark Grant programs for small businesses in all SNF neighborhoods.
The SNF grant is part of Ally’s larger charitable efforts in Detroit, which focus on economic mobility through efforts to promote affordable housing, financial education and workforce development.
Find out more at www.investdetroit.com
