Presentation: Mortgage and DPA Catalogue | Libby Palackdharry, Sunraise Consulting. DFC has partnered with Sunraise to compile a list of mortgage and down payment assistance (“DPA”) programs that are successfully meeting the needs of LMI Detroiters.
Leonymae Aumentado with U of M Poverty Solutions presented the Detroit Lead-Safe Ecosystem Mapping Project. This tool maps the system of actors who engage in, or are otherwise impacted by activities related to reducing the risk of or mitigating child lead poisoning (including non-profit organizations, governmental bodies, landlords, families, etc). It includes the conditions under which these actors must operate such as laws and policies, and housing stock conditions. The term “lead-safe” as used in this presentation refers exclusively to household hazards. Access the presentation here.
June Homeownership Work Group: Panel Discussion on Closing the Black Homeownership Gap featuring Keys Unlock Dreams and the 3b30 Initiative.
Luke Villalobos, on behalf of the 3by30 Initiative, and Laurie Benner from National Fair Housing Alliance, shared their work as national homebuying initiatives and participated in a discussion about the importance of increasing homeownership and closing the racial homeownership gap. The 3by30 plan identifies a set of seven tangible, actionable and scalable steps that will make it possible to increase Black homeownership by 3 million net new homeowners by 2030.
Center for Community Progress’ VAD Academy Materials
Center for Community Progress’ VAD (Vacant, Abandoned, Deteriorated) Academy was created to help public, private, nonprofit, and resident leaders craft equitable, effective approaches to addressing these property challenges. From breaking down complex systems, to sharing smart strategies for resident engagement and fostering compliance, the VAD Academy aims to equip leaders to help return properties to purposeful use.
New Land Contract Buyer Guide to Assist Detroiters on Path Toward Homeownership
Launched in conjunction with National Homeownership Month, The City of Detroit, Enterprise Community Partners and University of Michigan’s Poverty Solutions co-authored and published the Land Contract Buyer Guide. This offers step-by-step guidance for housing counselors, prospective and current buyers on how to connect with resources, identify predatory or fraudulent situations and successfully purchase their home. The guide includes information, do-it-yourself checklists, and guidance on risks throughout the buying process The guide and additional resources, including materials in Spanish, are available at www.detroitlandcontracthelp.com.
On a variety of dates throughout the year, the Detroit branch of the NID Housing Counseling Agency will be hosting workshops designed to provide families and individuals a path to homebuying in the City of Detroit. These workshops will cover credit, finance management, obtaining a mortgage loan, fair housing, and how to protect investments. Participants will receive a “Certificate of Completion” upon finishing the Homebuyer’s Workshop, Intake Application and a a One on One session with a Certified Housing Counselor. For more information please email their office at DetroitBHC@nidhousing.com. Register for the workshop below via EventBrite.
Provided by the Mortgage Bankers Association and National Fair Housing Alliance, in partnership with the Homeownership Council of America. This toolkit is intended to facilitate mortgage lenders as they take on the process of considering and building Special Purpose Credit Programs (SPCPs). The Toolkit provides examples of SPCPs from leading banks as well as other examples of SPCPs in the market. In addition, the Toolkit provides a host of resource information on the background and need for SPCPs, guidance and examples on the data analysis required, and other useful links to aid mortgage lenders in their work to bring more SPCPs to the market. Homeownership is the greatest source of wealth for most people, and SPCPs are a critical tool in narrowing the racial wealth and homeownership gaps that persist in America.
The Housing Information Portal serves as a centralized source of information about housing and neighborhood-related demographics in Detroit and beyond. Click on the “Learn More” button below to explore all types of housing data!