The Detroit Pistons and a local bank are teaming up to donate $25M to the city of Flint

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Detroit Pistons and Huntington Bank team up to help Flint residents

What do Tom Gores, owner of the Detroit Pistons and Steve Steinour, CEO of Huntington Bank, have in common?

They're ready and willing to donate millions of dollars to help the city of Flint, MI in the wake of the water crisis.

And by millions, we mean $25 million.

Watch this overview of what's been happening with the water in Flint:
The Flint Water Crisis Explained

It's all a part of a new initiative to provide economic restructuring and development for the city.

The initiative will be combined with Gore's original $10M program called FlintNOW.

SEE ALSO: This church is spending $41K to pay off loans for 48 families

The program is broken down in to different areas, with the allocated funds being spread among different areas of focus.

A look at Flint's demographics:

Around $22 million will go towards small business loans, $2 million to mortgage financing and the other $1 million towards helping rebuild and strengthen businesses that suffered as a result of the water crisis.

The initiative will also include the founding of the Flint Youth Financial Entrepreneurship Program, which will teach teens and children about the importance of money management, financial awareness and entrepreneurship.

Gores, a Flint native himself, said in a statement:

"I am really proud of Huntington for stepping up in such a substantial way and joining us in this cause. This is exactly the kind of private sector partnership we envisioned when we launched FlintNOW. The government is responsible for fixing the water supply in Flint, but we're all responsible for fixing the community."

Here's to hoping this funding will be exactly what this Michigan city needs to get back on its feet.

RELATED: A look at social media responses to the Flint Water Crisis

13 PHOTOS
#FlintWaterCrisis
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The Detroit Pistons and a local bank are teaming up to donate $25M to the city of Flint
This is drinking water in Flint MI . This is what's it's doing to the children and ppl of the city đź’” #PrayforFlint https://t.co/hub6YKH0lb
Dear Flint, Michigan Please tell me residents aren't getting billed for this "water" #FlintWaterCrisis https://t.co/OKrB2OhLZh
Brown lead filled water across the street from my house. #FlintWaterCrisis https://t.co/6IC6VWOGME
Natl. Guard assists Michigan with toxic water crisis https://t.co/8GN8L4OJmN - @sganim reports on #FlintWaterCrisis https://t.co/4opBJZRwAU
#FlintWaterCrisis was obvious a year ago to everyone (except @onetoughnerd) @seraphinegarre @Asha_Suzanne https://t.co/zrgxc6vQBh
How an Unelected Official Contaminated Flint's Water to Save Money https://t.co/3BhtUYred9 #flintwatercrisis https://t.co/ewDvCP41sS
Sincere Smith, 2, has to be bathed with heated bottled water because of the water contamination in Flint. It is causing his skin to break out. Photo by @reginahboone, @detroitfreepress #flintwatercrisis #Michigan #childrenofflint
THIS IS GENOCIDE!!! WAKE UP!!!!! #flintwatercrisis #michigan #flint #watercolor
Michigan governor on #FlintWaterCrisis: "It's a disaster" https://t.co/hexabVnFHr https://t.co/hQNUq96JV8
#flint #water
Julius Austin of the Change Agent Consortium holds a #Flint resident's bottle of #flintwater while occupying the lobby of the George W. Romney State Office Building with Flint and Detroit residents while protesting against Governor #ricksnyder for his role in the #flintwatercrisis
#FlintWaterCrisis. 2016. https://t.co/sNUCcVVTTA
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