You might have noticed fencing and site work recently across from the large Cathedral on Woodward, just north of Boston-Edison. MHT Housing, the Archdiocese of Detroit, and the city broke ground this week on a new construction apartment building on the site.
The four-story building will bring 53 two-bedroom apartments to the neighborhood, all at "affordable" prices. It will also have 6,000 square feet of commercial and retail space, part of which will be a workforce training center. According to a release from the city,
- 27 units will have rents starting at $960 for residents with incomes earning at or below 60 percent of the area median income (AMI);
- 6 units with rents starting at $800 for residents with incomes at or below 40 percent AMI;
- 4 units with rents starting at $540 for residents with incomes at or below 30 percent AMI;
- Residents in the remaining 16 units will have vouchers from the Detroit Housing Commission to help support their rent, so they won't pay more than 30 percent of their income on rent and utilities. These vouchers will generally be targeted to residents making 30 percent or less AMI.
Funding is coming through private owner financing; Michigan State Housing Development Authority (MSHDA) Low-Income Tax Credits and Housing Trust Funds; and project vouchers through the Detroit Housing Commission.
It will be managed by MHT Management, and co-owned by MHT and the Cathedral of the Most Blessed Sacrament. The parish will receive development proceeds and cash flow from the property.
It's expected to be completed in 2024.
A lot of development activity has been happening south of this site along the Woodward corridor. A new food co-op is taking shape near Virginia Park, the Ruth Ellis Center opened on Clairmount last year, with another new build around the corner underway for seniors on Woodward.
