National Homeownership Month

About National Homeownership Month

June is National Homeownership Month. Celebrate with Detroit Future City!

National Homeownership Month was established in 2002. It reinforces the belief that owning a home is one of the steps towards achieving the American dream. This month also shares the joys of being a homeowner, which can encourage others to achieve the same thing.

Detroit Future City is celebrating the value that owning a home brings to families, communities, and neighborhoods across Detroit and the region. From those buying their first homes to those striving to maintain and improve their homes, Detroit Future City is supporting Detroiters in their homeownership goals.

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DFC Reports on Homeownership:

Detroit Future City’s (DFC) work is built around two broad goals – growing Detroit’s middle class and improving the quality of life in Detroit neighborhoods. Housing markets have long been an important indicator of the economic health of a city, and understanding the housing market shift could be a powerful way to ensure more sustainable and resilient housing communities.

2022: Buying-In

“Buying In: Opportunities for Increasing Homeownership in Detroit,” details comprehensive data which examines trends, challenges and solutions for increasing homeownership through mortgage lending. Read Here

2023: Home Sales in Detroit and Black Homebuyer Demand

“Home Sales in Detroit” and “Black Homebuyer Demand” reports examine the housing market in Detroit and the region, and provide data to help strengthen the city’s homebuying market, a primary indicator of economic health and factor in Detroiters’ opportunity to build generational wealth.

 

Read Here

 

Read Here

2024: Keeping Your Family Home

“Keeping Your Family Home” provides the reader with an understanding of the scale of heirs’ properties in Detroit and provides critical data for stakeholders to develop solutions that can help Detroiters attain legal ownership of their inherited homes. Read Here

 

 

Upcoming Event:

To celebrate homeownership month and Juneteenth, DFC is inviting the community to join us for our June Neighborhood Housing Compact meeting to celebrate black liberation and wealth generation through homeownership. We invite you to join us for an engaging and interactive event that seeks to outline and ideate actions that can advance policy and advocacy for equitable housing in Detroit and the region.

During this event, DFC will explore innovative solutions to homeowners to inspire action, ideas, and partnerships to advance hosing initiatives to support wealth generation in Detroit. A panel of local leaders will join us to inspire leadership and commitment to advancing economic equity and justice though housing.

When: June 18, 2024

Where: Industry Innovation Center, 461 Burroughs St, Detroit, MI 48202

Register Here

 

Sponsored Events:

Project REACh Detroit: 2024 Homebuyers Fair

Celebrating National Homeownership Month 2024!

In partnership with Detroit Future City, National Faith Homebuyers, and MiSide, Project REACh Detroit is holding a homebuyer’s fair on Saturday, June 8th from 10am-3pm at Huntington Place! This a great resource for first-time and prospective homebuyers looking to purchase in metro-Detroit. This event’s mission was to educate homebuyers on the home buying process to help individuals and families build wealth. Guests will leave equipped with the necessary tools and resources.

When: June 8, 2024

Where: Huntington Place, 1 Washington Blvd, Detroit, MI 48226

Register Here

 

2024 Civil Rights Summit on Fair Housing

The 2024 Civil Rights Summit on Fair Housing will feature keynotes and panel discussions from some of the most notable voices in fair housing today, exploring emerging issues and helping us find our way toward real and workable solutions to housing discrimination.

When: June 12, 2024

Where: The Icon, 200 Walker St, Detroit, MI 48226

Register Here

Buying In: Opportunities for Increasing Homeownership in Detroit Through Mortgage Lending

Detroit Future City’s (DFC) report, “Buying In: Opportunities for Increasing Homeownership in Detroit,” details comprehensive data which examines trends, challenges and solutions for increasing homeownership through mortgage lending.
Read More

Detroit Mortgage Catalog

Detroit Future City’s (DFC) tool, “Detroit Mortgage Catalog," provides a roundup of mortgage products and down payment assistance programs with a focus on favorable options for low- and moderate-income buyers in Detroit. The catalog also defines common terms in the homebuying process, provides other educational resources around homebuying, and makes the connection between borrowers and loan products for the achievement of homeownership goals.
Read More

A Detroit Homebuyer’s Guide to Overcoming Mortgage Application Obstacles

Detroit Future City’s (DFC) tool, “A Detroit Homebuyer’s Guide to Overcoming Mortgage Application Obstacles," guides Detroiters through key obstacles, practical solutions, and legal remedies that may help prospective homebuyers successfully navigate the homebuying process.
Read More

CHECK OUT OUR RESOURCES

Detroit Strategic Framework
Economic Equity Dashboard
Videos
Research
Tools