Affordable housing complex under renovation with help from Detroit Housing for the Future Fund
Mar 28, 2023
1 min read
Updated: Mar 31, 2023
(3/28/2023) Read the full article by David Sands on Model D Media.
A revamped affordable housing complex is in the works thanks to Lewis Holdings Development! The Detroit-based real estate company is renovating a 10-unit apartment complex at 1403 Junction Ave. The building, previously naturally occurring affordable housing, is getting much-needed upgrades for safety and maintenance. Owner Bobby D. Lewis is committed to keeping it affordable, with nine units rented below 50% of the area median income and one two-bedroom unit below 120% of AMI.
To make this possible, Lewis is partnering with Detroit Housing for the Future Fund, created by LISC, the City of Detroit, and MSHDA to support affordable housing in the city.
https://casinoohneoasis.me makes me think about the nine units being held below 50% of the area median income, which is a much deeper level of affordability than most renovations preserve. The fact that Lewis is keeping that commitment while doing safety and maintenance upgrades is the part that stands out to me, since so often "renovation" is code for displacement. I've watched older buildings in my own neighborhood get fixed up only to price out the people who lived there for years, so it's encouraging to see a deal structured around keeping rents low.
Great to see affordable housing projects getting the support they need this kind of work makes a real difference in communities! And just for fun, reading this while wearing an https://www.thecaliforniajackets.com/product/emily-in-paris-s05-samuel-arnold-zebra-print-jacket/ would definitely add some stylish vibes