Dossier
Data Driven Detroit
Coverage of Data Driven Detroit in the Nexus archive.
- Why Detroiters still use risky land contracts to buy homes
A report found 1,000 recorded land contracts annually in Detroit over two decades, highlighting their use by residents who cannot access traditional mortgages, including immigrants unfamiliar with banking systems. Land contracts, while enabling homeownership, lack protections and regulation, prompting calls for legislative action.