$2.5 million gift from Yaker family will help revitalize Southwest Detroit neighborhood

$2.5 million gift from Yaker family will help revitalize Southwest Detroit neighborhood

The Newberry Homes revitalization project in the Southwest Detroit’s Chadsey-Condon neighborhood just got a $2.5 million leg up. The gift is from Judith Yaker, widow real estate developer Sam Yaker, will establish the Sam L. and Judith Yaker Fund. It will help more people become homeowners and revitalize an eight block area of the neighborhood. […]

$102 million investment will add 367 residential units to Brush Park

$102 million investment will add 367 residential units to Brush Park

Brush Park, one of the oldest historic neighborhoods in Detroit, will see three new development projects come to life by 2024. The new developments, totaling $102 million, will bring 367 new residential units to the area. Thirty-four percent of them will offer a wide-range of affordability for residents making as low as 30 percent of […]

Expanded Strategic Neighborhood Fund to bring investment to seven more communities, add affordable housing

Expanded Strategic Neighborhood Fund to bring investment to seven more communities, add affordable housing

The City of Detroit’s Strategic Neighborhood Fund (SNF) will soon bring more investment into seven city neighborhoods and add additional affordable housing. The fund will raise $130 million (SNF 2.0) for investment in seven neighborhoods – Grand River Northwest, Warrendale/Cody-Rouge, Russell Woods/Nardin Park, Campau/Banglatown, Gratiot/7-Mile, East Warren/Cadieux, and Jefferson Chalmers. It has already successfully invested […]

City of Detroit creates $250 million fund to preserve affordable housing, add more

City of Detroit creates $250 million fund to preserve affordable housing, add more

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 […]

Detroit’s Stone Soap building gets $27 million makeover with 63 new residential units, retail space

Detroit’s Stone Soap building gets $27 million makeover with 63 new residential units, retail space

It seems perfect given the name. The Stone Soap building is getting a good cleaning and is being redeveloped into a new mixed-use structure that will renovate existing structures, include new construction and add three to six additional stories on top of the building. “The riverfront belongs to everybody, and the redevelopment of the Stone […]

Detroit’s $7 million development lifts affordable housing units, while bringing job seekers, employers and service providers closer together

Detroit’s $7 million development lifts affordable housing units, while bringing job seekers, employers and service providers closer together

  With its groundbreaking today, the $7 million North End affordable neighborhood housing development announced by Central City Integrated Health (CCIH), along with Mayor Duggan, other City of Detroit officials and community members, signals that the city is one step closer to its goal of becoming a “city for everyone.” The now-vacant Saint Rita Apartments, […]