Detroit Mayor Mary Sheffield Signs Executive Order to Invest in Affordable Housing

Detroit to dedicate 100% of city-owned commercial property sales proceeds to affordable housing fund

The measure is expected to generate $4 million annually for affordable housing development and preservation.

Detroit mayor expands investment in affordable housing

Detroit Mayor Mary Sheffield making an executive order with the goal of raising more funds for affordable housing. This is going to affect the inclusionary housing ordinance. How that works is that there's a trust fund set up so that whenever there’s a sale of commercial property in the city, 20% of that sale would go towards this trust fund for affordable housing.

Detroit Mayor Mary Sheffield signs executive order to invest in affordable housing

The initiative would allow for all proceeds from the city's commercial property sale to go to the trust fund.

Sheffield's budget takes a big swing at poverty

Detroit Mayor Mary Sheffield is prioritizing anti-poverty measures in her 814-page proposed budget.  The budget comes as more than a third of Detroit residents experienced poverty in 2024, the highest rate the city has seen since 2017. More than half of Detroit’s children are living in poverty, and the poverty rate among seniors reached its highest point in a decade. Sheffield’s budget responds with new spending on multiple fronts. It promises f…

Sheffield order doubles proceeds for Detroit affording housing fund