Plan would offer half-off auction homes to Detroit employees

Those on the City of Detroit's payroll, retirees included, will soon be offered some homes at fifty percent off. 

The homes are part of the Detroit Land Bank's housing auction. 

Hundreds of homes have already been successfully sold through the auction. Some have sold for as little at $1,000 while others have sold for nearly $100,000.

"City employees have taken reductions in pay; they've taken reductions in benefits; they've taken reductions in their pensions as have our retirees. And, so, we were trying to find a way to help improve the economic status of our employees who want to live in the city," says Mayor Mike Duggan. 

"This project here, which I'm proud to bring to my colleagues at City Council, will allow us to grow our city one employee at a time, and I'm hoping our employees see the value of living in our city, to work here, to live here and to play here, and to be a part of the growth taking place in our city," says councilmember Andre Spivey. 

The DetroIt Land Bank Authority approved the plan last week. Detroit City Council will decide the plan later Monday. If it passes, the deal could be up and running by mid-February. 

Online: auctions.buildingdetroit.org

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