Renaissance

One-fifth Of Detroiters Could Lose Their Homes To Foreclosure

October 23, 2014, 8:22 AM

As Detroit seeks to leave bankruptcy behind and get back on its feet—ramping up development with construction of a light rail and a new hockey arena that will cost the city hundreds of millions of dollars—it is simultaneously bearing witness to a process that could evict up to 142,000 of its residents, many of whom are too poor to pay their property taxes, Rose Hackman reports in the Atlantic.

Detroit is 83 percent African-American, and 38 percent of its population lives below the poverty line. But the older, blacker Detroit starkly contrasts with a whiter, wealthier new Detroit that's been wooed in by tax breaks and living incentives—which gives these evictions a heavily racial subtext.

Hackman writes:

This year in Detroit, there have been 22,000 foreclosures on properties whose owners failed to pay property taxes three years in a row. Of those, 10,000 are estimated to be occupied, meaning this year's foreclosures are set to oust about 27,000 Detroiters from their homes.

That’s a large number in a dwindling city with fewer than 700,000 residents, but the figures are set to get even worse. In the next couple of months, Wayne County's treasurer will be serving foreclosure notices on 110,000 more properties, 85,000 of which are in Detroit, according to its chief deputy treasurer David Szymanski. With half of those Detroit properties estimated to be occupied, this means a further 115,000 Detroiters might lose their homes next year.

In a city supposedly trying to attract residents rather than lose them, this means a potential 142,000 Detroiters—one-fifth of the city’s population—will be shown the door within the next year and a half. The city has yet to announce plans for accommodating those who get evicted.


Read more:  The Atlantic


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