Tag Archive | "housing"

Poll: Can senior housing in downtown Detroit be successfully preserved?

Vote in the poll and add your thoughts in the comments section Full News here – Detroit Business News

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Group faces uphill battle in preserving senior housing amid Detroit redevelopment

In the 1980s a federally subsidized housing trend began moving low-income senior citizens into downtowns that were otherwise bleeding population and in need of residents for vacant buildings. Full News here – Detroit Business News

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Downtown Detroit development offers lessons for displacing low-income residents for market-rate housing

A developer behind a project that replaced 127 housing units occupied mostly by low-income seniors with luxury apartments in downtown Detroit said the experience could be used to aid future transitions. Full News here – Detroit Business News

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Detroit’s Midtown, downtown redevelopment threatens senior housing

Hershel Welch didn’t make the move. He was found dead two weeks after the deadline for tenants to vacate the building at 1214 Griswold. His body was found amid the construction to convert the building from senior housing in The Griswold into market-rate apartments developed by Broder & Sachse Real Estate Services, Inc., which renamed […]

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Sun Communities pays $1.32B in manufactured housing deal

Kirk Pinho – Southfield-based Sun Communities Inc. is purchasing a 59-property manufactured housing portfolio with properties in 11 states for $ 1.32 billion, the company’s largest deal in terms of value. Three of the properties are in Michigan: Egelcraft in Muskegon and Frenchtown Villa and Elizabeth Woods, both in Newport, said Karen Dearing, CFO of […]

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Crain

Crain’s week in news, Aug. 2-8: Housing chief resigns after billing for costly food, travel; MEDC hires Arwood as COO

Crain’s staff – Scott Woosley, executive director of the Michigan State Housing Development Authority, is stepping down after billing the state for expensive meals and travel, The Associated Press reported Friday. The Detroit Free Press reported Thursday that Woosley sought reimbursements for staying in hotels that cost $ 400 to $ 500 a night and […]

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Nonprofit housing developer starts big makeover project for low income rental apartments

Tenants in the buildings will be moved to transitional housing during the three-week construction phase before they move back into their renovated homes. Full News here – Oakland Business

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Ann Arbor Planning Commission to consider 32 affordable housing units

Ann Arbor’s Planning Commission will consider a plan Wednesday night to construct 32 affordable housing units on an existing housing site on Platt Road. Full News here – Oakland Business

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Kent County’s housing recovery continued during the first half of 2014

Apartment and condominiums made an even larger comeback during the first six months of the year, according to Builder Tracks Reports. Full News here – Oakland Business

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Metro Detroit on-market housing inventory up for first time in 5 years; Prices climb for 15th straight month

Metro Detroit’s residential real estate market saw the first annual rise in on-market inventory in five years last month, according to figures released Monday by Farmington Hills-based Realcomp. Full News here – Detroit Business News

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Will Detroit Land Bank auction build value for housing?

Will Detroit Land Bank auction build value for housing? In its first month, the Detroit Land Bank auctioned off 33 homes, allowing the public to bid on properties from cottages in East English Village to sprawling four-bedroom houses in West Boston-Edison. The Neighbors Wanted program, as Mayor Mike Duggan … Full News here – Read more […]

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With shortage of housing options, $10 million Live Midtown Detroit incentive program expands north to Boston-Edison neighborhood

The $ 10 million programs that give living incentives for young professionals of certain employers to move in to Detroit homes and apartments has expanded north because of a shortage of available housing in the Midtown area. Full News here – Detroit Business News

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Chaldean Town housing project may move out of city

Chaldean Town housing project may move out of city A $ 10 million-plus permanent housing project envisioned for Detroit's Chaldean Town neighborhood may instead be headed for Madison Heights. The Chaldean Community Foundation has been talking with the Michigan State Housing Development … Full News here – Read more on Crain’s Detroit Business

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Masco bulls eye second leg of housing rebound

Bloomberg – Shares of Masco Corp., the Taylor-based maker of faucets and cabinets, are poised to beat the market as investors bet on rising sales of new and existing U.S. homes. Full News here – Crain’s Detroit Business – Latest Detroit News

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Detroit wants developer to build housing, retail around youth field at Tigers Stadium site

The city wants to see the old site of Tiger Stadium finally redeveloped, and hopes to find a developer to build residential and retail space along with a new headquarters for a Detroit nonprofit on the 9.5-acre plot, all while keeping most of the baseball field in tact. Full News here – Detroit News

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