DETROIT - Officials from Detroit and Wayne County unveiled a proposed program that would help thousands of residents avoid foreclosure.
Wayne County Executive Warren C. Evans, Mayor Mike Duggan and Wayne County Treasurer Eric Sabree called on the state legislature to implement a sweeping new approach to assist tens of thousands of Detroiters and Wayne County residents who owe back property taxes avoid foreclosure.
"Pay as You Stay" would help more than 31,000 Detroit homeowners stay in their homes by eliminating interest, penalties and fees and making payment plans affordable for those who need them."
The "Pay as You Stay" plan would be administered by the Wayne County Treasurer's Office, and open for enrollment for three years after the program launches.
"This proposal is one of many steps being taken in the right direction to help residents be able to afford to stay in their homes," said Rep. Byrd.