HUD Plan Could Be Sign of Improvement for Detroit Market

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Detroit
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HUD and Detroit mayor Dave Bing have released a transition plan to return the city's housing commission to local control, a potential sign of improvement in one of the most distressed local U.S. markets.

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The commission, which has been under the U.S. Department of Housing and Urban Development's control since 2005, has made “significant progress” since then, HUD assistant secretary Sandra B. Henriquez said in a statement.

Under the plan, the city will finalize DHC board appointments ensuring they are consistent with applicable law and requirements and the board will have to complete training and certification prior to the completion of the transition.

Also the city, HUD and DHC will execute an oversight agreement to address monitoring and oversight and outline actions that need to be taken to ensure progress and performance are maintained.

In addition, during a transition period the mayoral appointed DHC board will serve in an advisory capacity and HUD will remain in control of the commission's assets, including properties and programs.


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