Detroit Achieves $1 Billion Milestone in Affordable Housing Investments Over Five Years

Detroit reached a significant milestone, as Mayor Mike Duggan, alongside city council members and numerous development partners, announced that the city has invested over $1 billion in affordable housing over the past five years. This landmark achievement aims to ensure all Detroiters, regardless of income level, can find a home in any neighborhood they choose. The initiative has resulted in 71 developments either built or underway since 2018, delivering 4,646 units of affordable housing. These are composed of 1,612 units in newly constructed or renovated buildings and 3,034 units in existing properties that have been updated. The city’s strategy focuses on maintaining affordable housing for at least 30 years, thus securing homes for thousands of lower-income households. Mayor Duggan lauded this effort at a celebratory event attended by over 200 partners, saying, “Over the past five years, we have seen a community-wide commitment to affordable housing that is unprecedented in Detroit and, quite possibly, the country. It is the reason you do not see tent cities in Detroit like you do in other places. We still have a lot of work to do, but I cannot say enough about the team that has led this work from the department of...