Affordable housing is central to the City of Detroit’s growth strategy and will play a key role in the City’s ability to retain existing residents, attract new residents, and create mixed-income neighborhoods. The City of Detroit is focused on two fronts: preserving the affordability and quality of the existing housing stock and producing new housing that is priced affordably to people across a range of incomes. Both critical approaches support the City’s objective to provide residents with quality affordable housing options accessible to public transit, employment hubs, and other essential services. To date, the City has made significant commitments to affordable housing, including taking aggressive action to preserve affordable housing and requiring new multifamily housing developments to receive direct public financial support to include at least 20% of units affordable to households making up to 80% of Area Median Income (AMI) (with public financial support defined as investments of federal housing development funds or the sale of public land at below market value). This document addresses the City’s goals and strategies for multifamily affordable housing and serves as a guide for the agencies and departments that will perform this work, led by the Housing and Revitalization Department (HRD). The following chapters of this document outline the key strategies the City will pursue to reach its goals. Central to these strategies is the City’s commitment to making the lead investment of $50 million to establish the Affordable Housing Leverage Fund and work with financial institutions and philanthropic stakeholders to build a $250 million fund. This fund will be used to preserve existing affordable housing, produce new affordable housing, including supportive housing, and strengthen neighborhoods through investments in large-scale single-family stabilization projects. The Implementation chapter of this document includes details on the fund and a set of initiatives focused on bolstering the City’s capacity to realize its vision.