March 12, 2026
Detroit is launching the third round of its Down Payment Assistance program, offering eligible residents up to $25,000 to help purchase homes, with priority given to those impacted by flooding in August 2023. The initiative, which has already helped 794 families buy homes in previous rounds, will support an additional 450 applicants using $9 million in federal funding from HUD's Community Development Block Grant programs. Mayor Mary Sheffield emphasized that down payments, rather than monthly mortgage costs, represent the primary barrier to homeownership for many Detroit residents.
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