Bedrock and partners make deal to keep 236 Midtown homes affordable

Bedrock and partners make deal to keep 236 Midtown homes affordable

Detroiters looking to stay rooted in market-driven Midtown just found 236 affordable options. The City of Detroit has announced that income-eligible tenants of the 18-story, 236-unit Cathedral Tower apartments can remain in their homes, due to a joint venture between MRK Partners and local developer Fortus Partners, who plan to preserve the building as affordable for […]

City-supported projects preserve 271 affordable housing units, build 114 more

City-supported projects preserve 271 affordable housing units, build 114 more

The uptick in Detroit’s downtown and neighborhood property values is good news to many, but not for all. With rental rates rising and less property available in prime locations, it’s becoming increasingly difficult for millenials, seniors and low-income families to afford to live in the desirable neighborhoods they would like to call home. The cost […]

Bedrock to build or preserve 700 affordable housing units in Detroit

Bedrock to build or preserve 700 affordable housing units in Detroit

A “city for everyone” is the moniker Mayor Mike Duggan often uses to promote his vision for Detroit, a city he promises will be inclusionary of all, including our most vulnerable low-income residents. Today, Detroit is steps closer to achieving the mayor’s mission to meet pent-up demand for more affordable housing. A just-announced agreement with Bedrock guarantees an additional 700 […]

Midtown’s Sugar Hill District to Gain $32 Million Housing Development with Affordable Housing

Midtown’s Sugar Hill District to Gain $32 Million Housing Development with Affordable Housing

Straight off of his widely lauded speech at the Mackinac Policy Conference in which he highlighted the need for affordable housing, Mayor Mike Duggan, Midtown Detroit representatives and local architects came together to announced a new housing project in the city with 25 percent affordable units. On Friday, Mayor Duggan announced the developers and design […]

The District Detroit Announces Detroit’s Largest Residential Development Initiative in More Than 20 Years

The District Detroit Announces Detroit’s Largest Residential Development Initiative in More Than 20 Years

Again emphasizing Detroit’s efforts “to build a city that includes everyone,” officials from the city, The District Detroit and Olympia Entertainment announced Friday that a new residential development will bring 686 units – including 139 affordable options – across six projects. Olympia Development of Michigan announced plans for hundreds of new affordable and market-rate rental […]

Broder & Sachse to renovate historic 40 Davenport building, partners with city for responsible rehabilitation

Broder & Sachse to renovate historic 40 Davenport building, partners with city for responsible rehabilitation

Creating a Detroit that has room for everyone – especially in terms of housing – is a goal for the city’s government, its residents and, increasingly, its developers. A new example of this is the newly announced The Hamilton. Broder & Sachse Real Estate and the City of Detroit have reached an agreement to keep […]

The Senior Segment: City must prepare for increase in aging Detroiters

The Senior Segment: City must prepare for increase in aging Detroiters

The topic of metro Detroit senior living hits close to home, literally, for Tahirih Ziegler. Aside from her professional charge as executive director of Detroit Local Initiatives Support Corp. (LISC), she has a mother who suffers from Alzheimer’s and lives in a nursing facility. What Ziegler’s mom has in common with many local seniors, healthy […]

Jefferson Easts Inc. promotes affordable housing in high-rent district

Jefferson Easts Inc. promotes affordable housing in high-rent district

As she traveled between Detroit and Ghana, contributing her skills to the building of a medical facility in the African nation, Betty Wright noticed something changing. It was her neighborhood. The nine years she spent flying across the ocean before the former nurse re-settled in her East Jefferson Avenue condo brought ebbs and flows. Stately […]