The city announced this week that seven Detroit developments will received Low Income Housing Tax Credits (LIHTC). The 517 units of housing are spread across neighborhoods in Detroit, in developments totaling $150.2 million.
The announcement was made at the former Lewis College of Business on Meyers Road. The school was the only HBCU in Michigan; it closed in 2013. The two buildings will house 32 units of senior housing, and another four-story building will be built nearby with 73 units. The $20 million development will be led by Wallick Communities of New Albany, Ohio and Presbyterian Villages of Michigan out of Southfield.
Units in the development will come in at 30 percent to 80 percent area median income and range from $335 to $765 a month. They'll be available for those making $16,800 to $48,000 a year.
One of the higher visibility developments receiving tax credits is the block of buildings at Henry Street, Cass Avenue, 2nd Avenue, and the Service Drive (see rendering above). This redevelopment is led by the Ilitch's Olympia Development and Cinnaire Solutions. This development will have 170 units, with 84 reserved for affordable housing. The buildings sit within a newly-designated historic district in 2018, after threats of demolition the year before.
Tax credits will also go to these developments:
AFG Miller Grove Center in Old Redford, which will be a 100 percent affordable, new construction development led by Full Circle Communities. It will have 45 units at 30 percent to 50 percent AMI. Project cost: $14.8 million.
Preserve on Ash in North Corktown: Led by Community Builders, this new construction development will have 160 units, with 144 affordable at 30 to 80 percent AMI. This is part of the recent Choice Neighborhood plan for Corktown. Project cost: $47 million.
Woodward Avenue Apartments in Arden Park: MHT Housing Inc, with the Archdiocese of Detroit, will build a new construction development with 53 units. All units will range from 30 to 80 percent AMI. It will stand at Woodward and Glynn Court. Project cost: $16.7 million.
New construction in Brush Park: MHT Housing Inc. is also leading this new build, located at Brush and Winder. It will have 53 units of affordable housing from 30 to 80 percent AMI. Project cost: $13.4 million.
MLK on 2nd in Midtown: Yet another development from MHT Housing, this new construction will include 33 units of housing ranging from 30 to 80 percent AMI. Project cost: $8.3 million.