The Detroit Shoreway neighborhood has a wide range of affordable and market-rate rental options.
Options for private rentals range from new apartment complexes to beautiful historic buildings. Some common resources to find an apartment include online listings such as craigslist and the Detroit Shoreway Community page on Facebook.
Other Affordable Rentals
Partners such as Cogswell Hall, Cleveland Housing Network, Cuyahoga Metropolitan Housing Authority and the Emerald Development & Economic Network (EDEN, Inc.) provide housing for individuals with income restrictions or those facing critical life challenges. To learn more, individuals should inquire directly with each agency.
Because of DSCDO’s commitment to affordability, over 1,000 affordable housing units have been created by DSCDO or its partners in the past three decades, ensuring that Detroit Shoreway will remain a mixed-income community long into the future.
Housing is more than just shelter. It’s a platform—the critical first rung on the ladder of opportunity.
Enterprise Community Partners
DSCDO owns and maintains over 300 units of affordable housing, as well as 15 market rate units in the Templin Bradley Co. Lofts at 5600 Detroit Avenue.
To qualify for a DSCDO-owned unit, an applicant’s income cannot exceed 60% of the Area Median Income, which is determined annually by the U.S. Department of Housing and Urban Development.
Detroit Shoreway is home to a variety of historic homes, renovated properties, “fixer uppers,” new condos, townhomes and more.
In a fast moving real estate market, we recommend contacting a knowledgeable realtor to buy a home in the neighborhood. Here are some great resources, particularly for first-time homebuyers:
Offers programs and services that create homeownership including home buying classes, down payment assistance, home ownership preservation and foreclosure prevention.
A citywide acquisition and rehabilitation financing program to purchase a completely rehabbed home. A down payment of 3% is required for a 30 year fixed rate loan. Buyers who meet income guidelines qualify for a second mortgage on any one or two family property in the City, up to $10,000.
Works with individuals to manage and grow personal finances, enhance employment skills, and prepare families to purchase homes.
Provides eligible Section 8 family participants a pathway to homeownership. Participants must attend homeownership counseling and meet employment and financial requirements.
Offers low interest rate loans for home repair.
Organization dedicated to offering affordable home ownership opportunities.
Many area banks also offer First Time Homebuyer classes and seminars, often with incentives such as discounted closing costs for those who complete the courses.