Posted on

Homes for All! Support the Housing Trust Fund

Homes for All! Support the Housing Trust Fund
Detroit is enjoying national attention for its revitalization efforts, but not everyone is benefitting equally. Corporations and investors from around the world have shifted enormous amounts of investment into Detroit.

Detroit is experiencing an explosion of investment. Investors are purchasing land and buildings from the City, the City is investing money in infrastructure improvements in selected neighborhoods, and developers are investing money in rehabilitating buildings for trendy new restaurants, luxurious apartments, hotels, condos, and upscale boutiques. The revitalization of Detroit’s housing market includes building and renovating mostly market-rate housing that the average long-time Detroiter can’t afford to live in.

However, the one thing that Detroit has not been willing to invest in is permanently affordable housing for current residents to continue living in their neighborhoods as housing costs begin rise. 

Right now, the average Detroiter spends 60% of their monthly income on housing. This is one of the highest rental burdens in the country. One in five Detroit renters face eviction every year. That makes Detroit one of the top 10 cities for annual evictions. In order to reverse these trends that threaten to displace long-term Detroiters the City must commit to protecting and creating quality permanent affordable homes and apartments for the Detroit families who need them most.

The Mayor of Detroit has created many talking points about affordable housing. These include statements such as: “We will not support development that moves Detroiters out so others can move in” and “Every area of Detroit will have a place for people of all incomes.”

To honor these commitments the City of Detroit must take action by creating and funding a housing plan for constructing and protecting a substantial amount of high-quality affordable homes for the Detroit families who need them most. This must be done simultaneously with the city’s redevelopment efforts. This is the only way to reduce the threat of displacement.

For these reasons, Detroit People’s Platform is joining with allies across the country to launch the Homes for All Campaign here in Detroit to demand the following:

• Commitment to fund the creation and protection of permanent and deeply affordable housing 

• Increased renter protections

• Sufficient revenue stream to support the Housing Trust Fund

Detroit People’s Platform will be meeting with residents and renters across the city to make sure our voices are heard around this critical policy issue.