This week, the city broke ground on a new apartment building on Woodward and Taylor, in the Piety Hill neighborhood. The Rev. Dr. Jim Holley Residences will have 60 apartments for seniors with incomes at or below 50 percent of the Area Median Income.
It sits across from Rev. Holley's Little Rock Baptist Church, at the site of a recently demolished Detroit Public Schools building.
Rent will be no more than $750 a month, but vouchers will be made available through the Detroit Housing Commission so seniors won't pay more than 30% of their rent. The apartments are for those making less than $28,000 a year, and the affordability is guaranteed for at least 40 years.
The units will have 5G internet access and stainless steel appliances. The development will be handicap accessible and will also include a community room with a full kitchen and ground-floor retail to serve the neighborhood.
Key funding for the project is coming from $1.8 million in HOME funding administered by the Detroit Housing & Revitalization Department and $1.39 million award in Low-Income Housing Credits from the Michigan State Housing Development Authority.
The $18 million development is led by MHT Housing Inc. and is expected to open in January 2023.
