50 Percent Housing Discount

Employees, Retirees and their Immediate Families:


The Detroit Land Bank Authority will give a 50 percent discount on houses bought through the Detroit Land Bank’s housing auction program at BuildingDetroit.org to all city employees, city retirees, and to family members.


The only requirement will be that they continue to own the house for at least three years. If they resell the house before three years, they will have to share any profit with the land bank on the following formula:

  • Sale in first 12 months: 75 percent of profit returned to land bank 
  • Sale in 13-24 months: 50 percent of profit returned to land band 
  • Sale 25-36 months: 25 percent of profit returned to land bank

To view and place bids on available properties you can register at the Detroit Land Bank Authority website - www.buildingdetroit.org. Please contact your local City Council representative to receive discount verification.

Current News That May Interest You:

read all news »

Nov

03

Active Employees married to a City of Detroit Retiree are now eligible to enroll their spouse for health care coverage effective January 1, 2017

Please visit the online system www.mydetroitbenefits.com to enroll your retired spouse. Eligibility Documentation is required. You may also call toll-free (855) 224 6200 to compl...

Read More »

Mar

16

Last call for retirees to collect health funds

Time is running out for thousands of city retirees who are eligible to recoup millions in out-of-pocket costs for medical co-pays and prescriptions they paid for last year.

Read More »

Important Retirement System News You Need To Know Learn More ›

A Message from GRSD Chairman Tom Sheehan Read Letter ›


 

Career Opportunity Opening: Chief Accounting Officer - Controller

The 2016 Annual Report is now available

. Click here to view report