|
|
|
|
|
|
 |
|
|
Corktown
is
growing
quickly,
but that
also
brings
rising
rent
pressures,”
Sheffield
said.
“We are
prioritizing
affordable
housing
so
longtime
residents
can
remain
in the
neighborhood.” |
|
|
Corktown
to gain
188
mixed-income
housing
units
under
Detroit
redevelopment
plan
Jean
Davis -
Local/State
Tell
Detroit
News
Bureau
DETROIT
- Mayor
Mary
Sheffield
announced
plans
Tuesday
for
three
new
mixed-income
housing
developments
in
Corktown
that
will
deliver
188
residential
units,
the
majority
of them
affordable,
as part
of the
city’s
broader
neighborhood
revitalization
strategy.
The
projects
— Bagley
Townhomes
& Flats,
West of
10th
Apartments,
and
Trumbull
Apartments
— will
include
more
than 150
affordable
units
supported
in part
by
Detroit’s
$35
million
federal
Choice
Neighborhoods
Implementation
grant,
along
with
financing
from
Fifth
Third
Bank and
Citizens
Bank.
City
officials
say the
developments
will
replace
the
former
Clement
Kern
Gardens
site and
are
aimed at
preserving
affordability
as
Corktown
experiences
rapid
growth
fueled
by
investment
near
Michigan
Central
and
Roosevelt
Park.
“Corktown
is
growing
quickly,
but that
also
brings
rising
rent
pressures,”
Sheffield
said.
“We are
prioritizing
affordable
housing
so
longtime
residents
can
remain
in the
neighborhood.”
The
largest
project,
Trumbull
Apartments,
will
include
88
units,
while
Bagley
Townhomes
& Flats
will add
54 units
and West
of 10th
Apartments
will
deliver
46 units
for
seniors.
Units
across
the
developments
will
serve
households
earning
between
30% and
80% of
area
median
income.
The
projects,
led by
American
Community
Developers,
represent
nearly
$84
million
in total
investment
and
align
with the
Greater
Corktown
Framework
Plan,
which
focuses
on
equitable
growth,
housing
access
and
improved
neighborhood
connectivity.
State
housing
officials
say
developments
like
these
are
critical
as
Michigan
faces an
estimated
119,000-unit
housing
shortage.
|
|
|
|
|
|
|
|
|
I
HI TECH NEWS
I
SPORTS
I
