Map: Uneven Proposal N and MSHDA Loans in Detroit

A new report digs into supportive loan programs in Detroit when mortgage loans are nearly impossible to secure from lenders. Upwards of 80% of home sales in Downtown and Midtown are accomplished with a mortgage, but almost everywhere else in the city the percent of sales with a mortgage are 20% or less. The Down Payment Assistance (DPA) program from MSHDA made just 3% of its loans in Detroit.

Read more from the report: LINK

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