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Detroit affordable housing developments awarded $1.8M in grants

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Posted at 1:10 PM, Jan 05, 2021
and last updated 2021-01-05 13:10:03-05

DETROIT (WXYZ) — Four affordable housing developments in Detroit were awarded a total of $1.8 million in grants.

The developments will create 318 housing units.

The Federal Home Loan Bank of Indianapolis is behind the Affordable Housing Program (AHP) grants, which support the acquisition, construction, or rehabilitation of properties for use as affordable housing.

The four Detroit awards were among $11.2 million in grants for 24 affordable housing developments in Michigan and Indiana.

The four Detroit properties receiving awards are:

· 7850 E. Jefferson – $500,000. Ginosko Development Company will build two apartment buildings along the Detroit River with 75 units each. Each building will include a community room, office spaces for on-site management and resident services, an outdoor rooftop patio, exercise facilities, shared laundry facilities, a landscaped park area and a playground. The $27 million project will also include both underground and surface-level parking. Ground is to be broken on the project in 2021.

· La Joya Gardens – $500,000. Cinnaire Solutions Corporation will co-develop with Southwest Detroit Business Association this mixed-income development featuring 53 residential units and neighborhood-scale commercial space. The ground-up, $18 million project will include 40 affordable units and 13 market-rate units, as well as retail and community space facing Vernor Highway. Two small public plazas will break up the front façade, anchoring the one-story event space in the middle. The second floor will house 16 one-bedroom and two two-bedroom units, along with a community room, which will feature a fitness center and outdoor terrace for resident interaction with the streetscape along Vernor. The third floor will contain 17 one-bedroom and two two-bedroom units. The fourth floor will have 14 one-bedroom and two two-bedroom units. The affordable units will be offered at 40 percent, 50 percent, 60 percent and 80 percent AMI. Construction is to begin in 2021.

· Marwood Apartments – $500,000. Develop Detroit will renovate the historic Marwood Apartments in the city’s North End neighborhood and build new construction alongside it. The total project cost is $18.3 million. This 71-unit mixed-income apartment community will include 25 project-based vouchers provided by the Detroit Housing Commission, all of which will be rented to households at or below 30% percent AMI; 12 units at or below 50 percent AMI; and 34 units at or below 80% AMI. The project will include 10 efficiency, 44 one-bedroom and five two-bedroom apartments, along with six new-construction two-bedroom townhouses and six new-construction two-bedroom apartments. Renovation work is to begin in January 2021, with construction on the ground-up part of the project slated to start in spring 2021.

· The Anchor at Mariners Inn – $272,753. Cinnaire Solutions Corporation along with Mariners Inn will co-develop the Anchor at Mariners Inn, which will provide 44 units of permanent supportive housing (PSH) units serving formerly homeless individuals. These one-bedroom, 600-square foot units will be reserved for those earning less than 30 percent AMI and be fully supported by project-based housing vouchers through the Michigan State Housing Development Authority. The project will also have an additional floor of 40 studio units (260 square feet) that will be dedicated to short-term recovery housing. These units will be the relocation of Mariners Inn’s existing recovery housing operation. To preserve operating efficiency, the building will also be National Green Building Standard Silver-certified. Work is scheduled to start on the $18 million development in 2021.