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Flagstar plans $10 million economic development program for Pontiac

Excerpt

Flagstar Bancorp Inc. announced a five-year $10 million economic development program for the city of Pontiac.

The program includes customized home loans for Pontiac residents and veterans; $2.5 million for small businesses, startups and business attraction; $1.5 million for the previously announced naming rights for the Flagstar Strand Theatre for the Performing Arts; and $1 million for financial literacy.

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