Detroit Hopes to Lure Its Cops Back Into Town With Huge Housing Incentives

Detroit pays cops to move back into town
Detroit pays cops to move back into town

As WalletPop reported last year, Detroit is America's most dangerous city, and is also rife with foreclosures. To address these problems, the mayor of Detroit, former NBA star Dave Bing, has announced a new program, Project 14, that he hopes will lure the 53% of the city's police force that lives outside the city back within city limits.

What are the chances of getting the cops to move back into town? The city is offering some sweet terms; houses ready for renovation for as little at $1,000, in two neighborhoods: East English Village and the Boston-Edison Historic District. The latter was once the home of famous Detroiters including Henry Ford, Joe Louis, Walter P. Ruther and Barry Gordy. 200 houses will be rehabbed using federal stimulus funds.