Detroit Invests $6.1 Million to Renovate Low-Income Housing, Ensuring Long-Term Affordability

Detroit’s housing department is gearing up to fund $6.1 million in renovations for 389 housing units across eight low-income apartment buildings. This substantial investment, announced by city officials on Friday, underscores the city’s commitment to sustaining affordable housing and preventing homelessness—a pressing issue many large cities grapple with today. Julie Schneider, the director of the Housing & Revitalization Department, emphasized the significance of this funding. “That level of investment is the reason Detroit is not experiencing tent cities and a homelessness crisis like some other large cities,” Schneider said in a news release. “It is going to take many more years of sustained investment into affordable housing to meet the need and demand in the city, and this $6.1 million investment will be an important part of that.” To ensure long-term affordability, apartment building owners who receive these funds are required to keep rents affordable for another 15 to 25 years. This stipulation is critical for maintaining housing security for Detroit’s low-income residents, who often face the threat of rising rents and displacement. The approved projects for this funding include six buildings in the neighborhoods of Hubbard Farms and Mexicantown: 3615 W. Vernor Highway (Martin Gardens — The Cole) 465...