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Eligible homeowners have until Dec. 11 to sign up for a 2023 poverty tax exemption and see a reduction in their property taxes.
As many of 300 more Detroiters can apply for the next round of a down payment assistance program providing up to $25,000 to help purchase a home.
A Detroit program providing up to $25,000 in down payment help serves as a model for Vice President Kamala Harris' national plan, Detroit mayor says.
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The city issued a Strategic Master Plan in 2006. [63] In addition to increased business investment, the city's revitalization has been focused on retaining young professionals. The city has cleared a 1,200-acre (490 ha) section of land to initiate the Far Eastside Plan for new neighborhood construction and revitalizations.
Mayor Duggan and other city Council Members developed a $203 million plan to provide affordable housing for Detroit residents. The money got divided between seven services and programs, including homeowner assistance programs, apartment building rehabs, and a Detroit Housing Services division.
According to an article published in the Journal of Property Tax Assessment & Administration in 2009, the increase in the use of TIF in Chicago resulted in a "substantial portion of Chicago's property tax base and the land area" being subsumed by these levy zones—"26 percent of the city's land area and almost a quarter of the total value of ...
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