Detroit Housing Experts Launch Compact to Strengthen the Single-Family Housing Market in Detroit Neighborhoods

November 5, 2018

Detroit – A cross-sector group of local housing-focused organizations is coming together to launch the Detroit Neighborhood Housing Compact (Compact), an initiative focused on strengthening the single-family housing market in Detroit neighborhoods.

 

The Compact was initiated by a coalition of 12 organizations facilitated by the Urban Institute, a national economic and social policy think-tank, with support from the Kresge Foundations and JPMorgan Chase. Detroit Future City (DFC) provided local facilitation and will coordinate the Compact’s future activity.

 

On Wednesday, Nov. 7, the Compact will host a forum where housing industry leaders will discuss current policy trends in Detroit’s single-family housing market, and how to expand current housing programs to strengthen Detroit’s housing ecosystem.

 

Forum speakers include Erica Poethig, Vice President and Chief Innovation Officer for the Urban Institute and Arthur Jemison, Chief of Services and Infrastructure for the City of Detroit

 

“The Compact is founded on the belief that all Detroiters should have diverse housing options,” said Anika Goss-Foster, DFC Executive Director. “Quality single-family homes, for both renters and homeowners, are fundamental for creating strong neighborhoods in Detroit.”

The forum will bring together more than 70 leaders in the private, public and nonprofit sectors including banks, foundations, and development organizations, to begin the conversation needed to achieve two initial goals:

  1. To build the capacity of the renovation delivery system to renovate, maintain and reuse single-family homes at the scale necessary to address Detroit’s housing needs and aspirations.
  2. To preserve Detroit’s single-family housing stock to strengthen neighborhoods and retain current residents.

 

The Housing Compact is modeled after a similar successful 10-year collaborative initiative in Chicago known as the Preservation Compact.

“In our work across the country, we’ve seen how collaboration between the public, private and non-profit sectors can greatly increase the impact of individual efforts,” said Poethig.  “The Preservation Compact in Chicago is a great example and there is no reason Detroit couldn’t have the same success.”

 

The Detroit Neighborhood Housing Compact has been initiated by the following organizations:

 

  • City of Detroit
  • Center for Community Progress
  • Community Development Advocates of Detroit
  • Community Reinvestment Fund, USA
  • Data Driven Detroit
  • Detroit Future City
  • Detroit LISC
  • Detroit Land Bank Authority
  • Develop Detroit
  • Quicken Loans Community Investment Fund
  • Southwest Housing Solutions
  • U-SNAP-BAC

 

###