Mayor Mike Duggan, members of Detroit City Council, LISC Detroit, and developers Central Detroit Christian Community Development Corporation and 360 Detroit celebrated the start of rehab construction on eight vacant duplexes and one 4-plex in Detroit’s Virginia Park neighborhood.

Additional Q&A for Detroit Housing for the Future Fund Loan Products.

The Detroit Housing for the Future Fund makes flexible financing available to improve small and medium size apartment buildings while keeping rents affordable to Detroit residents.

The Detroit Housing for the Future Fund (DHFF) publically launched in September of 2020 as a new fund comprised of private investment to be invested into affordable housing development and preservation in Detroit. 

The DHFF is managed by Local Initiatives Support Corporation and was created in partnership with the City of Detroit as part of the Affordable Housing Leverage Fund initiative. 

The DHFF is designed to deploy private grant and low interest loan capital to compliment and leverage public investment through the City of Detroit and Michigan State Housing Development Authority as well as tax credits and other existing affordable housing finance tools. 

What is the Detroit Housing for the Future Fund? The Detroit Housing for the Future Fund (DHFF) publically launched in September of 2020 as a new fund comprised of private investment to be invested into affordable housing development and preservation in Detroit.