LANSING, IN – March 24, 2011 – (RealEstateRama) — Senate Democratic Floor Leader Tupac A. Hunter (D-Detroit) today lauded Bank of America for their announcement that they would make assistance more readily available to their mortgage customers facing foreclosure, and that they would work with Mayor Dave Bing to help stabilize city neighborhoods.
“As the Minority Vice Chair of the Senate Committee on Banking and Financial Institutions, I appreciate Bank of America’s commitment to doing more to help distressed homeowners by opening two Customer Assistance Centers in the Detroit area,” said Senator Hunter. “I hope the leadership they’ve shown will be catching, and that other banks and lending institutions will go the extra mile to exhaust all possibilities to help homeowners stay in their homes whenever possible.”
In addition to opening two new Bank of America Customer Assistance Centers in the Detroit area, CEO Brian Moynihan also announced that they would donate 10 bank-owned properties to Mayor Bing’s “Project 14” program, and work with the city to demolish 100 abandoned properties and then donate that land to the city.
“Bank of America’s partnership with Mayor Bing and the city is the kind of public/private partnership we need to successfully revitalize our neighborhoods,” said Senator Hunter. “I hope that other businesses will follow suit and work with the city and community organizations to stabilize and improve our neighborhoods. Bank of America’s generous offer to work collaboratively with the city is something that we need to replicate at all levels of business and government. Together we can tackle the issues we face and improve our communities and the lives of our fellow citizens.”
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Sen. Hunter represents the 5th district, which is comprised of Northwest Detroit, Dearborn Heights and Inkster. He serves as the Minority Floor Leader. He is the Minority Vice Chair of the Senate Committee on Banking & Financial Institutions and the Senate Committee on Economic Development. He is a member of the Senate Government Operations Committee.
Sen. Tupac A. Hunter