“The Ribbon” Unveiled: $8M Affordable Housing Development Opens in East English Village

Ribbon Cutting Ceremony of “The Ribbon”, (Photo Credit, Marquise D Burns, Social Media Manager, Michigan Chronicle) With the cost of living continuing to rise, in a significant boost to affordable housing in Detroit, city officials, including LISC Detroit, Invest Detroit, and members of the City Council, celebrated the grand opening of “The Ribbon,” a groundbreaking multi-use development by local developer Edward Carrington of Flux City Development. This $8.2 million project, the largest along the E. Warren Ave. corridor in decades, adds 18 new affordable housing units to the city’s growing inventory, marking a pivotal step in addressing the community’s housing needs. This is the first project from Edward Carrington and Flux City Development, an emerging developer of color based in Detroit. The new development will provide 18 affordable apartments, all below market rate to make them affordable for Detroiters living in the area. Fourteen of the apartments will rent at or below 80% AMI, while four of the units will be available at or below 60% AMI. Under the terms of the agreement, affordability of the apartments is guaranteed for the next 25 years. The project also features stainless steel appliances, granite countertops, and a washer/dryer combo in each unit...