Detroit, MI
Mackinac Policy Conference: Mayor Mike Duggan says city to reveal plan to promote homeownership for Detroit residents » WDET 101.9 FM
Detroit will obtain $826 million as a part of the American Rescue Plan Act (“ARPA”) handed by the federal authorities. The town has launched an internet site permitting Detroiters to trace how the town spends these funds. The areas of focus embrace blight remediation, metropolis companies and infrastructure, jobs and addressing inexpensive housing challenges for Detroit residents.
“We obtained elected by the individuals who stayed, not the individuals who left, and we’ve a duty to verify we do the whole lot we will to guard the individuals who stayed.” — Mayor Mike Duggan
Hear: Mayor Mike Duggan discusses how the town will use ARPA funds to assist Detroiters.
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Mayor Mike Duggan says the town will announce a brand new plan to help Detroiters in buying new houses with ARPA funds. “I need Detroiters to return to homeownership,” says Duggan. “We’re about, from American Rescue Plan funds, to roll out an $8 million down fee help plan so we will get longtime Detroiters, who’re renters, convert them into householders, to allow them to profit from the wealth enhance.”
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