American Dream Down Payment Initiative (ADDI)ADDI offers down payment assistance to potential homeowners with low-income who meet the following criteria:- Must be a first-time home buyer
- Must be 18 years or older
- Home buyer must occupy the property as a primary residence
- Home buyer is required to make a one percent cash contribution from His/her own funds
- Home buyer must complete an approved home buyer counseling course
Contact person: Willie B. Moore, Manager I (313) 224-3461
- City of Detroit participating lender contact information:
- Detroit Commerce Bank – (313) 967-5156
- Flagstar Bank – (866) 372-3597 Ext. 230
- Fifth Third Bank – 566-2513
- Barclay Mortgage Financial Services, LLC – (248) 967-1400
- LaSalle Bank (313) 234-8661
- National City Bank – (313) 596-8015
- Towne Mortgage Company – (248) 358-5550 Ext. 229
- Charter One Bank – (313) 538-5000
- ShoreBank – (313) 642-5200