Detroit rehabbed more homes than it demolished in 2022

[Airforceguy]

I hope this trend continues...
Detroit rehabbed more homes than it demolished in 2022

In 2022, the number of Detroit homes that were rehabilitated exceeded the number torn down. The figures mark a turning point in a city that had "somewhere north of 40,000" dilapidated homes to demolish as of 2014, said Tammy Daniels, the land bank's CEO.The city's demolition department recorded 1,974 home demolitions in 2022; the land bank said 2,181 houses finished their rehabilitations last year. An additional 1,021 homes were stabilized for future rehabilitation, according to data from the demolition department. At the end of December, the land bank had fewer than 10,000 homes in its inventory.
"It means right now, the end of abandoned houses in Detroit is within our grasp," Mayor Mike Duggan said.

https://www.crainsdetroit.com/real-e...-it-demolished

[Rocket]

Wow, THAT is some really good news.

Both that more hoses will be saved, but also that property values and rents are increasing enough in Detroit to make it worthwhile to rehab homes.

[DetroiterOnTheWestCoast]

I like that they are stabilizing homes for future rehabilitation rather than letting them fall further into disrepair

[Danny]

Thank you Detroit Land Bank. Save our historic dwellings.