The developer’s agreement with the Detroit Lank Bank Authority allows him to purchase
homes for ONLY $500 each and lots for $300. While in contrast, public buyer price starts
at $1,000 for homes and vacant lots must be purchased at market value.
The developer has no proven track record and made virtually no progress
since his 2015 deal.
Detroiters, with a vested interest in the community, have repeatedly been
denied the opportunity to purchase homes and lots, because they were
reserved for the developer.
Our community continues to lose homes to arson, despite being under
Home ownership is the leading way to accumulate generational wealth.
Detroit Land Bank Authority owns more than 90,000 parcels - more land than all
other cities’ land banks, combined.
With an 80% Black population, Detroit is the Blackest major city in the United
For more than a decade, Detroit was the poorest big city in the United States.
Detroit now ranks second, with 30.6% of residents living below the poverty line.
Until the early 2000s, Detroit, Michigan had some of the highest rates of Black
homeownership in the country. After the Great Recession, the percentage of
African Americans who own their homes in Michigan dropped down more than
any other state, to 40%.
WITH ALL THIS LAND & OUR PEOPLE IN NEED OF ECONOMIC OPPORTUNITY, DETROIT IS WELL-POISED TO TRY A NEW APPROACH