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In 2016, the Marwood Apartments was acquired by Develop Detroit, a nonprofit dedicated to preserving affordable housing. The group plans to renovate the 53 existing apartments, and construct a similarly sized building on an adjacent lot, which will add up to 60 new apartment units. [3]
The federal tax incentive will help build 183 units of affordable housing in Detroit, with rents ranging from $470 to $940 a month for a one-bedroom.
Tiny Homes Detroit is located along three streets (Elmhurst, Monterey and Richton), between Woodrow Wilson and the Lodge Freeway.The development will contain 25 homes when completed. [3] Houses are located on 30-by-100-foot (9.1 m × 30.5 m) lots, so each has a back yard.
The Detroit Housing for the Future Fund intends to help developers create and preserve affordable housing in the city. Here are the projects so far. Detroit housing fund raises $65 million.
Detroit/Warren/Dearborn, MI. Median sale price: $85,000. ... “Coupled with affordable housing, Detroit has a lot to offer with a bustling downtown that seems to get cooler by the day.” ...
The city of Detroit is split into seven council districts. The Detroit Demolition Program targeted all of these districts. Each region had between 1,500-3,000 demolitions. [9] [10] These demolitions were contracted to numerous companies with $90 million [7] [8] going to businesses that started up in Detroit. Most of these funds come from a ...