City of Detroit creates $250 million fund to preserve affordable housing, add more
The City of Detroit has established a $250 million multifamily affordable housing fund to preserve 10,000 affordable housing units and build 2,000 more. Called the Affordable Housing Leverage Fund, it will be comprised of $50 million in grant funds, $150 million of low-interest borrowing, and $50 million in public funds from expected federal and city […]