Opportunity Rising: Detroit Land Bank Authority Buyback Exit Event

More than 100 Detroiters are now homeowners, securing stable housing for their family
through the Detroit Land Bank Authority’s Buy Back program. Participants received their deeds at the DLBA’s final exit event this summer on August 31st at the Guardian Building. The Buy Back program
offers people occupying DLBA-owned houses an opportunity to purchase the property for just $1,000 if they successfully complete a year of homebuyer counseling and save up enough money to pay their first summer tax bill.
Since 2016, a thousand people have purchased houses through Buy Back, and so far, more than 900
have successfully exited the program and received their deed.
The goal is to provide a pathway to homeownership, specifically for families and individuals who lost
their homes to foreclosure but never left, were victims of real estate or landlord fraud, or have another
significant connection to the house. “Our Buy Back program is a one-of-a-kind opportunity in the City of Detroit to help those in precarious housing situations find not just stability, but actually become
homeowners,” says Detroit Land Bank Authority CEO Tammy Daniels. “For some this may be their first
time owning their own home and for others, this program allows them to regain ownership of a home
that used to belong to their family. Either way it’s a major accomplishment and the land bank is proud to be a part of it.”

[@michaelanthonyvideos]

Property taxes should be illegal

[@mikeslaton6498]

Useless video. Glad to see people get access to home ownership but how??

[@michaelanthonyvideos]

🙏

[@JayYoung-ro3vu]

Home ownership stabilizes a neighborhood. A stable neighborhood encourages investment. Invest spurs ancillary projects. Tose orojects sipill iver into other "ready" neighborhoods. Those neighborhoods lift a city/community. 🙏♥️🙏♥️🙏♥️🙏♥️🙏♥️🙏♥️🙏♥️🙏♥️🙏♥️🙏♥️🙏♥️🙏