Last week, the Michigan State Housing Development Authority (MSHDA) approved funding for three developments across Detroit with affordable housing components.
The most notable development is of the Higginbotham School, located at 8730 Chippewa Street near Wyoming and 8 Mile. The historic school, listed on the National Register for Historic Places, will have two additional new construction buildings next to it, with a total of 100 units between the three buildings. All units will be reserved for tenants between 30% to 80% Area Median Income (AMI). A community and non-profit space is also part of this development.
The $36 million development is led by URGE Development. MSHDA approved $25 million in total funding.
MSHDA also approved funding for upgrades to the Peterboro Place Apartments, located at Peterboro and Woodward. The board approved $14.7 million for the project, which has 70 permanent supportive housing units, with seven of those as accessible units. Residents of the building have rental assistance options for homelessness and support services.
The third development, Minock Park Place Apartments, is for seniors in the Grandmont Rosedale neighborhoods. The $22 million project received $12.8 million in loans. The new four-story building will have 36 one-bedroom apartments and six two-bedroom apartments, with 24 for tenants earning up to 60% AMI, and 18 for tenants earning up to 50% AMI.
"The developments approved by the Board this month will have a large impact on some of Detroit’s most vulnerable residents,” said Amy Hovey, CEO and Executive Director at MSHDA. “Projects like these reflect our mission of partnering to provide quality affordable housing.”
