Map: Affordable Housing in Detroit 2016

screen_shot_2017-05-16_at_4.37.29_pm_2.png

Affordable housing is at an odd crossroads in the fluctuating, contradictory, and confused real estate market of Detroit. The City of Detroit has touted “affordable housing” agreements with many developers and has also committed to keeping  seniors in their HUD housing.

Researchers from the University of Michigan found that the majority of expiring HUD housing units are located in Greater Downtown where they are most likely to be flip to market rate apartments and drive longtime Detroiters out. Currently, there are more than 2,000 units receiving the federal Low Income Housing Tax Credit (LIHTC) that will expire between 2016 and 2020.

In his “State of the City” address, the Mayor highlighted the city’s effort with the Rockbury group to secure 2 subsidized housing contracts from expiring so that 165 residents could stay in their homes.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s