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Published June 29th, 2022, 09:16 pm

The City of Detroit has secured $12.1 million to continue building nearly 500 units of affordable housing. The 486 units were jeopardized due to rising construction costs and labor shortages. The additional funding comes from the Michigan State Housing Development Authority (MSHDA), according to Mayor Mike Duggan and state officials. Six major housing developments in the city were at risk. To cover those surging construction costs, the city and the developers requested additional Low Income Housing Tax Credits from MSHDA.
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The Detroit Evening Report

Affordable Housing in Detroit

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5m