Detroit Announces $250 Million Affordable Housing Fund
The city of Detroit is setting affordable housing as the cornerstone of its growth strategy.
"The City of Detroit released new details Monday of an ambitious plan to establish a $250 million affordable housing fund that will preserve 10,000 existing units in neighborhoods throughout the city and develop 2,000 new units within the next five years," reports Katrease Stafford.
The new fund, called the Affordable Housing Leverage Fund, "will be funded with $50 million of grant funds, $150 million of low-interest loans, and $50 million in public funds from expected federal and city funds for affordable housing over the next five years," adds Stafford.
Full Story:
Published on Monday, March 12, 2018 in
Topics
- Mapped: Every Building in the United States
- Op-Ed: Implications for Phoenix as Lake Mead Runs Dry
- Visions for Lidding I-5 in Downtown Seattle
- San Jose Proposes Turning Schools into Teacher Housing, Faces Outcry
- Lyft Moves Toward 'Full Mobility Package'
- Bay Area Displacement and Gentrification Trends Have Regional Consequences
- Should Planners Run for Public Office?
- Transit-Oriented Development Spikes as Fort Worth Prepares for New Commuter Rail
- Transit Ridership Rises in Seattle, With Income Differences Among Riders
- Dockless Pedal Bikeshare Loses Traction
- The Downsides of Upzoning
- Proposed Short-Term Rental Regulations More Expansive Than Realized in D.C.
- San Jose's Year: $1.4 Billion in Property Sales
- Gas Tax Politics at Play in Wisconsin Gubernatorial Race
- Subsidy Program Aimed to Bring Homeowners Back to the Lower 9th Ward
- Mapping the Ambitious Minneapolis 2040 Comprehensive Plan
- Waze Launches New Carpooling Feature
- Florida Panhandle Struggling to Recover from Hurricane Michael
- Section 8 Not Welcome
- Philadelphia's First Strategic Transportation Plan Released
