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Committee advances replacement loan-servicing contract for Home Investor Loan Portfolio
Detroit City Council Standing Committee · March 19, 2026
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Summary
Council staff moved a replacement contract (Ravella Inc.) for loan servicing and collections on the Home Investor Loan Portfolio, explaining Amino/Nino Lending shifted focus and Ravella will service roughly 150 loans that generate about $400,000 in program income annually.
The standing committee voted to send to formal a replacement contract with Ravella Inc. to manage loan servicing and collection for the city’s Home Investor Loan Portfolio (CDBG/NSP notes).
Staff said the change is an administrative…
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