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Committee amends Detroit Land Bank MOU, adds CLT discounts and backs $10M HUD 108 homeownership pilot
Summary
The committee approved a package of amendments to the Detroit Land Bank Authority MOU including explicit Community Land Trust (CLT) discount language (including an 80% off‑market reference in the draft screen language) and supported a pilot to transfer 100 occupied DLBA homes using $10 million in HUD 108 loans; the amended MOU (line item 10.32) was moved to formal as amended.
The Planning and Economic Development Committee agreed to a set of amendments to the Detroit Land Bank Authority (DLBA) memorandum of understanding and moved the amended MOU (line item 10.32) to formal as amended for full‑body consideration.
Council Member Mary Waters outlined a proposal to develop a new homeownership program that would use Detroit Land Bank Authority properties and be supported by $10,000,000 in HUD 108 loans. Waters said the pilot would prioritize rehabilitation of occupied homes, launch initially in District 4 targeting 100 homes, and rely on partnerships with nonprofits, faith‑based groups and the Detroit Housing Commission to…
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