Detroit municipal bankruptcy (2013)
Detroit filed for Chapter 9 bankruptcy in July 2013, then the largest municipal bankruptcy in U.S. history. The filing followed decades of population loss and declining revenue.
A federal judge approved the city's plan to cut debt and pensions in late 2014.
The city exited bankruptcy and directed money toward blight removal and basic services.
New housing approvals are part of the city's longer recovery, though each project still depends on financing and construction.
