The City of Detroit has established a $250 million multifamily affordable housing fund to preserve 10,000 affordable housing units and build 2,000 more. Called the Affordable Housing Leverage Fund, it will be comprised of $50 million in grant funds, $150 million of low-interest borrowing, and $50 million in public funds from expected federal and city […]
The city is looking to strike a blow against blight with a $1.7 million deal to buy 400 units of public housing. Among the units in a proposal with the Detroit Housing Commission are 127 single-family homes, the Lee Plaza and Woodland Apartments, as part of a vision that could ultimately create more housing and […]
An old concept is getting new attention among various developers in Detroit and nationally. Mixed income housing is regaining interest as communities work to pick up the pieces left behind after the past decade’s mortgage crisis and as members of the corporate and private sector search for fertile ground in struggling urban cities. With Detroit […]