Mackinac Policy Conference: Mayor Mike Duggan says city to reveal plan to promote homeownership for Detroit residents
Federal ARPA funds Detroit receives over the next 3 years will accelerate the city’s development by 10 years, according to Mayor Mike Duggan.
Detroit will receive $826 million as part of the American Rescue Plan Act (“ARPA”) passed by the federal government. The city has launched a website allowing Detroiters to track how the city spends these funds. The areas of focus include blight remediation, city services and infrastructure, jobs and addressing affordable housing challenges for Detroit residents.
“We got elected by the people who stayed, not the people who left, and we have a responsibility to make sure we do everything we can to protect the people who stayed.” — Mayor Mike Duggan
Listen: Mayor Mike Duggan discusses how the city will use ARPA funds to help Detroiters.
Guest
Mayor Mike Duggan says the city will announce a new plan to assist Detroiters in purchasing new homes with ARPA funds. “I want Detroiters to go back to homeownership,” says Duggan. “We’re about, from American Rescue Plan funds, to roll out an $8 million down payment assistance plan so we can get longtime Detroiters, who are renters, convert them into homeowners, so they can benefit from the wealth increase.”
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