The city of Detroit is partnering with a number of community developers, service providers, and other experts as part of its effort to improve the stock and preserve existing affordable housing.
The initiative, called the Preservation Partnership, formalizes the process launched with the city’s Multifamily Affordable Housing Strategy in 2018. Mayor Mike Duggan vowed to raise $250 million to preserve around 10,000 affordable units across the city.
The partnership is comprised of six organizations, each with a different role. Enterprise Community Partners, an affordable housing financer, will lead the team and plan implementation; United Community Housing Coalition, a housing assistance organization, will provide tenant representation; and Cinnaire and CHN Housing Partners, community development financial institutions, will assist developers looking to manage affordable housing. Other partners include Data Drive Detroit, Elevate Energy, and Community Investment Corp.... Read the full article here.