Everybody knows that a city is only as healthy as its housing market. Detroit’s vibrancy speaks to its efforts in expanding equitable access to home ownership. And it's not just the city’s commitment to keeping seniors and low-income Detroiters from displacement. Or that black Detroit homeowners gained a record $1.7 billion or 23% in wealth from house value appreciation.
It’s also the $1 billion invested in affordable housing, and our Down Payment Assistance Program that offers up to $25 thousand dollar grants to first-time home buyers that makes Detroit a leader in affordable housing solutions.
Detroit’s housing market was named the fastest appreciating housing market in 2024 making it a go-to hot spot for relocation. Mayor Duggan stated, “The preservation and creation of affordable housing is the cornerstone of our growth strategy.” With multiple programs transforming renters to homeowners, come join us in calling Detroit home.