Page 3 - Downpayment Assistance Program News Today

In a special session, the council focused on shifting pandemic relief funds and boosting programs to give a preference to overtaxed homeowners.

The City of Detroit is launching a down payment assistance program focused on helping more Detroit residents become homeowners.

The program, aiming to convert the citys renters into homeowners, has a capacity of 240-400 applicants, on a first-come, first-serve basis.

Qualifying descendants can receive up to $100,000 in down payment assistance to purchase a home anywhere in the city to compensate for lost generational wealth.

As home prices skyrocket, Michigan is offering downpayment assistance to most first-time homebuyers. Here's how to qualify.