Resident Investment Opportunity Fund
WHY THIS MATTERS
Our community in northwest Detroit is experiencing renewed investment and development. While growth brings opportunity, it can also create challenges for long-time residents facing rising housing costs, aging homes, and barriers to wealth creation and retention.
Our Resident Investment & Opportunity Fund (RIO Fund) exists to ensure that neighborhood revitalization benefits the people who have sustained these communities for generations. By combining housing stabilization, legal support, tax relief, financial empowerment, and investment opportunities, we are building a model that helps residents remain rooted while creating pathways to long-term prosperity.
When residents succeed, neighborhoods succeed.
WHAT WE CURRENTLY OFFER
Home Repair Assistance
Many longtime homeowners face costly repairs that can threaten their ability to remain in their homes. Through the Resident Investment Opportunity Fund, eligible residents can access support to address critical home repairs that improve safety, preserve housing quality, and protect property values. Home repair assistance may support:
Roof repairs and replacement
Furnace and HVAC repairs
Plumbing and electrical improvements
Accessibility modifications for seniors
Health and safety improvements
Exterior repairs that preserve property conditions
By helping residents maintain their homes today, we are helping them preserve one of their largest financial assets for the future while reinforcing the safety and stability their families depend on every day.
Heirs Property Support
Many families have lived in their homes for generations but lack clear legal ownership due to inherited property issues. These situations can create barriers to obtaining financing, completing repairs, transferring wealth, and protecting homes from loss. The Resident Investment & Opportunity Fund provides assistance to help families:
Resolve title and ownership issues
Navigate probate processes
Establish clear property ownership
Create pathways for intergenerational wealth transfer
Protect family homes from unnecessary legal complications
Clear ownership helps families secure their homes, strengthen household stability, and preserve wealth for future generations.
Property Tax Relief & Foreclosure Prevention
Rising property taxes and financial hardships can place homeowners at risk of tax foreclosure. We work with residents to identify available resources and connect them to programs that can reduce tax burdens and prevent the loss of generational assets. Home repair assistance may support:
Property Tax Exemption application assistance
Tax payment plans and navigation support
Delinquent tax resolution assistance
Foreclosure prevention counseling
Financial coaching and resource referrals
By helping residents maintain their homes today, we are helping them preserve one of their largest assets and protect the capital resources they have diligently built over time. Keeping residents in their homes is one of the most effective ways to preserve neighborhood stability, family wealth, and generational opportunity.
APPLY NOW!
Home Repair and Heirs Property Support
Contractors Looking to Partner With Live6
Application Assistance & Resource Navigation
Need assistance completing your application, understanding what you are eligible for, or connecting with the right resources that are available to you? Book an appointment with one of our team members below for support at any stage of the process.
Resident Investment Opportunity Fund Overview
For decades, Detroit residents have invested their time, talent, and resources into stabilizing and growing their neighborhoods. Live6’s Resident Investment Opportunity Fund (RIOF) was created to ensure residents can share in the benefits of neighborhood growth and build long-term financial stability as our community grows and receives national attention and investment.
Our Resident Investment Opportunity Fund is a community-centered initiative designed to help residents preserve homeownership, access critical resources, build wealth, and participate in neighborhood investment opportunities. Through a combination of housing stabilization services, financial empowerment programs, and investment pathways, the Fund helps residents remain rooted in the community while benefiting from its revitalization.
Our goal is simple: assist residents to stay, thrive, and build wealth in the neighborhoods they call home.
Understanding How Repair Requests Are Prioritized
Live6 staff will evaluate your property to confirm the requested repair and identify any conditions that may affect the health, safety, or long-term stability of the home. In some cases, the repair you request may not be the first repair that needs to be addressed.For example, if a homeowner requests a porch repair but the assessment identifies a more urgent issue that could affect the safety or condition of the home, Live6 may require that higher-priority issue to be addressed first.
This approach helps ensure that program resources are used to address the most critical needs and protect the long-term condition of the property. If you have questions about how repair priorities may affect your project, a Live6 team member will be available to discuss the assessment findings and explain the next steps.
This work is made possible by:
