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.

https://detroitfuturecity.com/wp-content/uploads/2022/07/2022-05-20-Smiling-Homeowners-scaled.jpg

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 2025 National Homeownership Month Events:

Black Homeownership Collaborative Four Year Anniversary in Detroit

On June 16, 2025, the Black Homeownership Collaborative will host its Four-Year Anniversary Event in Detroit, Michigan. The annual event brings together housing leaders, community advocates, policymakers, and industry experts to share strategies and address the ongoing challenges in closing the racial wealth and homeownership gap. Learn more and register here.

Advancing Homeownership and Housing Stability in Region O

A collaboration between Detroit Neighborhood Housing Compact (DNHC) and RHP Region O will be held on Tuesday, June 17, 2025, from 8-12:00pm at Tech Town I2C. Sponsorship opportunities available, contact Kate Cherry at kcherry@detroitfuturecity.com

More details forthcoming.

Project REACh Home Buyer Fair

Join us on Saturday June 28, 2025, from 10-1pm, for a Homebuyer Fair at Huntington Place. Sponsorship opportunities available, contact Alex Makohn at Alex.Makohn@MiSide.org.

More details forthcoming.

 

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

Detroit Mortgage Update: 2023

The "Detroit Mortgage Update: 2023" provides an updated look at the data originally presented in the 2022 report "Buying In: Opportunities for Increasing Homeownership in Detroit through Mortgage Lending," which examines trends, challenges, and solutions for increasing homeownership through mortgage lending.
Read More

CHECK OUT OUR RESOURCES

DFC 2030 Plan
Economic Equity Dashboard
Videos
Research
Tools