Gilbert Fund Advocates for Extension of Detroit Tax Relief Program
The Gilbert Fund seeks to extend its $27 million tax relief initiative, which has erased $52 million in property tax debt for 13,000 families in Detroit from 2021 to 2025. This program is part of a broader $500 million commitment to enhance stability in vulnerable neighborhoods.
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The Gilbert Fund aims to extend its property tax relief program, set to expire in June, after helping 13,000 families avoid foreclosure and erasing $52 million in tax debt in Detroit since 2021. The fund, established with proceeds from a stock sale, is a critical component of Gilbert's $500 million investment in city neighborhoods.
By the end of 2025, the fund and foundation will have spent $297 million, focusing on housing, employment, and public life. Future strategies include assessing and scaling successful programs, such as the Detroit Home Repair Fund, which has invested $20 million, and the Eviction Defense Fund, which supports low-income renters. The potential discontinuation of the Right to Counsel program raises concerns about future support for legal services.
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