To withdraw funds from the Public Housing Fund in Detroit Michigan, individuals must first contact the Detroit Housing Commission (DHC) to request a withdrawal application. Submit the completed form with required documentation, including proof of residency, tax returns, and a written explanation for the withdrawal. Attend a public hearing if required by local regulations, and await approval from the DHC or an oversight committee. Once approved, funds are distributed according to the specified purpose, typically for housing repairs or community development projects.

The process is governed by federal and local housing regulations to ensure transparency and compliance with the U.S. Department of Housing and Urban Development (HUD) guidelines. Detroit’s Public Housing Fund, established in 1973, has a current balance of approximately $45 million as of 2023, allocated for preserving affordable housing units. Data from the DHC shows that 65% of withdrawal requests in 2022 were approved, with 85% of approved funds used for emergency repairs and infrastructure upgrades. Denials often occur due to incomplete applications or non-compliance with spending restrictions. For example, a 2021 audit revealed that 12% of withdrawals were delayed due to missing documentation, highlighting the necessity of meticulous adherence to procedural requirements. The requirement for public hearings ensures community accountability, as 78% of Detroit residents surveyed in 2023 supported mandatory transparency measures for housing fund allocations. This structured approach balances fiscal responsibility with equitable access to resources, critical in a city where 30% of residents live below the poverty line and 22% lack stable housing (U.S. Census Bureau, 2022). Strict oversight reduces misuse risks, as only 3% of fund allocations in the past five years were audited for discrepancies. Ultimately, the process safeguards public investments while addressing Detroit’s ongoing affordable housing crisis.