Detroit Neighborhood Housing Compact Newsletter – February 2021

June 4, 2021

Detroit Neighborhood Housing Compact February Newsletter

Greetings Compact Members, we hope you cruising through this year happy and healthy. Please open this email in your browser by clicking the link above to ensure you can access the hyperlinks throughout this newsletter. Take a look below!

Rental Work Group

  • Eviction Prevention Presentation presented by Alexa Eisenberg; PhD Candidate- UM Poverty Solutions & DFC
  • Eviction Prevention Panel & Q+A
    • Jim Schaafsma; Housing Attorney – Michigan Poverty Law Program
    • Ashley Lowe; Chief Executive Officer- Lakeshore Legal Aid
  • Discussion

Homeownership Work Group

  • Detroit Home Mortgage Update: Krysta Pate; Community Reinvestment Fund- CRF
  • Discussion
Click Here for Compact Resources

Advisory Committee Meeting Recap

On January 25th, the DNHC advisory committee convened to discuss measures of impact regarding neighborhood and housing development. Special thank you to EarlyWorks for developing a meeting recap & summary of the Advisory Committee’s time together. Special thanks to Co.act for their Activate Fund award to make their support possible.

Read Advisory Committee Meeting Recap Here

The Latest on Evictions

Eviction Prevention Resources

Partner Announcements

ProsperityNow stands as a national non-profit focused on asset building for low and moderate income households. Our HomeReserve initiative provides Detroit homeowners who have purchased between January 2017 and now `with an incentive to save for emergencies after closing on a home, through a savings match of $400 per household, along with additional services to build savings and preserve homeownership from a trusted community partner.

We expect that participants can use mortgage reserve accounts to reduce their risk of mortgage default by helping them build savings to address unexpected expenses or disruptions in income, particularly within the first two years of homeownership.

How it works:

  1. Interested homeowners reach out to either Bridging Communities, Inc. or Central Detroit Christian CDC and fill out an application.
  2. Once approved, they will be provided an initial distribution of $100 to their savings or checking account.
  3. Homeowners can earn up to $300 more by making deposits of $50 or more by September 30, 2021. Total household match distribution will not exceed $400.

We ask you support by spreading the word to your networks and any potential clients you believe would be interested. For more information contact Bridging Communities at (313) 361-6377 or email bcigeneral@bridgingcommunities.org or Central Detroit Christian at (313) 873-0064, x22.