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: Detroit aims to create $250M affordable housing fund, build 2,000 new units over 5 years
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Efforts by the city and residents have generated 17,000 new housing units in the last five years.
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Detroit Launches Duplex Repair Program
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Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Contrary to popular assumptions, public transportation has far lower crash and crime rates than automobile travel. For safer communities, improve and encourage transit travel.
Report: Zoning Reforms Should Complement Nashville’s Ambitious Transit Plan
Without reform, restrictive zoning codes will limit the impact of the city’s planned transit expansion and could exclude some of the residents who depend on transit the most.
Judge Orders Release of Frozen IRA, IIJA Funding
The decision is a victory for environmental groups who charged that freezing funds for critical infrastructure and disaster response programs caused “real and irreparable harm” to communities.
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