What is Preservation?

Programs and Information

Tenant Retention Plan (TRP)

Scatter-Site Homeownership Program

• In the City of Detroit, more than 1,500 units of single-family homes were developed through the LIHTC program with the intention of delivering housing ownership opportunities for low income residents through a Lease Purchase program.
• Many of Detroit’s LIHTC Lease Purchase homes nearing their 15-year lease cycle are controlled by nonprofits owners who lack the capacity and experience to transition residents from renting to owning. Many are struggling to balance financial/capital needs of their portfolios with the ability to sell homes to families at an affordable price.
• As such, the City of Detroit, with CHN Housing Partners, offers support for transitioning eligible scatter-site LIHTC properties to homeownership opportunities for current tenants.
• For more information, reach out to the Preservation Team at [email protected]. 

Additional Preservation Funding Resources

Additional federal, state, and local gap financing may be available to aid financing gaps. For more information, reach out to the Preservation Team at [email protected].