New affordable apartments coming to Detroit’s New Center
Detroit – Work has started on a new affordable housing development in Detroit that’s set to open next spring.
The 22,845-square-foot, four-story Milwaukee Junction Apartments will cost about $8 million to build, the city’s Housing & Revitalization Department said.
The development is expected to serve as a vital component of the neighborhood revitalization in Detroit’s New Center. The units are slated to open next May.
Low-income housing tax credits will allow 20 of the 25 units to be offered at rents ranging from 40% to 80% average median income, or about $454 to $945 per month. Units designated as affordable will be the same as those offered at market rate.
The project is developed by Detroit Catholic Pastoral Alliance and Bingham Farms, Michigan-based MHT Housing.
Cleophus Bradley, director of community development for the Detroit Catholic Pastoral Alliance, said that “those who are making the least sometimes need the most help.”