Detroit will receive $21.5 million in a mix of grants and loans to invest in the development of Woodward Corridor, one of its main thoroughfares.

The money is part of a national program launched by a New York-based group called Living Cities. The group, a collaboration of 22 foundations and banks, selected Detroit and four other cities for its new Integration Initiative program, which will provide $80 million for the cities to invest in urban development.

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