Kenya Williams-Realtor

03/11/2026

The popular down payment assistance program is taking applications for its third round and will prioritize Detroiters impacted by 2023 flooding.

02/05/2026

https://youtu.be/wUAhNpq79n0?si=Tr9CKrwRbbImu9Z5

A housing crisis you may not be aware of involves deed fraud being carried out on a major scale. For victims, the impact can be devastating.

10/02/2025

https://www.facebook.com/61580968441210/posts/122102027697032281/?app=fbl

This Midwestern City (and an NBA Star) Will Cover 40% of Homebuyers' Down Payments

The state of Michigan is working with Detroit Pistons star Tobias Harris to provide down payment assistance to first-time homebuyers.

The program will provide qualified buyers with up to 40% of a home’s purchase price in down payment assistance through a partnership between the Michigan State Housing Development Authority (MSHDA) and the Tobias Harris Homeownership Initiative.

So How Does This Work?
The assistance is designed to help buyers avoid paying for private mortgage insurance, which lenders often require of buyers who don’t make a down payment of at least 20%. That will lower monthly payments for homebuyers.

Harris’ organization offers what are known as shared-appreciation mortgages, a payment structure in which the homebuyer shares a percentage of the gains in the home's value with the lender. This means that if the buyer sells their home for more than they bought it for, the lender gets a cut of the profits. In exchange, the lender typically offers a below-market interest rate.

In this case, Detroit homebuyers taking advantage of this program would be required to pay back the down payment assistance when they sell or refinance their home, MSHDA said.

Relief For Homebuyers in Hot Detroit Market?
The median sale price of homes sold in Detroit was $110,000 in August, up from $95,000 a year earlier, according to data from Realtor.com.

In fact, Detroit saw the biggest year-over-year jump among U.S. metro areas in the amount of the income required to afford a median-priced house, according to a report from Redfin last month.

“Homeownership is one of the most powerful ways to build stability and generational wealth,” Harris said in a statement. “With this initiative, I’m focused on expanding access to homeownership so Detroiters can plant roots and build equity in the city they call home.”

06/26/2025

Celebrating National Homeownership Month 2025! 🏡
 
Join us this Saturday, June 28th for a Homebuyer Fair from 10am-3pm at Huntington Place. In partnership with Detroit Future City, National Faith Homebuyers, and MiSide, Project REACh Detroit is here to help first-time and prospective homebuyers in Detroit!
 
Our Network Members , , , , and will be in attendance to connect you with the housing resources you may need!
 
Don’t miss keynote speaker Dominique Wilkins, live performances, and sessions packed with helpful info for anyone looking to buy a home in Detroit. Register now by scanning the QR code or visiting the link in bio!
 

05/17/2025

https://open.substack.com/pub/refp/p/82-of-homeowners-have-this-safety?r=4dg15p&utm_campaign=post&utm_medium=email

Why the Next Housing Crash Might Look Nothing Like 2008 (And How Smart Investors Will Pivot)

11/23/2024

https://www.facebook.com/CBSBoston/videos/1108784484027720/?mibextid=rS40aB7S9Ucbxw6v

11/06/2024

https://www.cnbc.com/2024/11/05/detroit-millennial-two-abandoned-homes-renovation.html

Vincent Orr bought his first abandoned house from the Detroit Land Bank Authority in 2017 and a second in 2019.

10/24/2024

https://www.freep.com/story/news/local/michigan/detroit/2024/10/23/detroits-down-payment-assistance-program-helps-hundreds-buy-homes/75699420007/

From insufficient savings to low credit scores, Detroiters face a number of hurdles in the journey to homeownership.

10/08/2024

https://www.mlive.com/business/2024/10/one-of-the-most-up-and-coming-neighborhoods-in-the-entire-us-is-in-michigan.html

This place is listed among neighborhoods in Nashville, Chicago, New Orleans, San Diego and Miami.

09/08/2024

Michigan Section 8 Housing

A budget shortfall means the Michigan State Housing Development Authority cannot issue any new housing choice vouchers.

07/01/2024

https://www.cnn.com/2024/07/01/business/adjustable-rate-mortgages-higher-payments/index.html

ARMs can offer temporary relief for homebuyers who want to avoid paying higher mortgage rates — however, they also come with risk.