Detroit to boost low-income housing with $250M fund

March 12, 2018                      By: Nicquel Terry, The Detroit News

Detroit — City officials have rolled out a plan to create a $250 million fund that would allow them to preserve 10,000 affordable housing units and develop 2,000 more in the next five years.

Detroiter Stella Buchanan is pleased to be able to live downtown, with some help from the city. Detroit Director of Housing and Revitalization Arthur Jamison talks about the city's plan to preserve and develop affordable housing units. Daniel Mears, The Detroit News

"The preservation and creation of affordable housing is the cornerstone of our growth strategy,” said Mayor Mike Duggan, who first announced the multifamily affordable housing plan during his state of the city speech last week.

"Affordable housing offers stability for the city’s low-income residents and provides options to households at a range of incomes in all neighborhoods. This is what we are talking about when we say that we are building one city for all of us.”.............Read More