Proposal seeks to keep 165 downtown housing units affordable

Proposal seeks to keep 165 downtown housing units affordable
Proposal seeks to keep 165 downtown housing units affordable

DETROIT/May 22, 2017 (AP) (StlRealEstate.News) — The Detroit City Council is considering a proposal that would allow two buildings in downtown Detroit to retain their affordable housing status for 30 years as a developer renovates them.

The city says the Stephens and Industrial buildings have — between them — 165 units under a housing operating subsidy that’s set to expire next year.

Officials say that would put the buildings at-risk of becoming higher-rent market-rate housing which could make living there too expensive for some current residents once renovations are completed.

The Roxbury Group acquired the properties in 2015 and plans to update the buildings in a way that allows existing residents to remain. Work would start in the fall.

Kathy Bratkowski
About Kathy Bratkowski 113 Articles
Kathy Bratkowski is an award-winning writer and multimedia producer. Her television work has been recognized with eleven regional Emmy® awards and multiple Telly awards. Her documentaries and programs have screened at film festivals (St. Louis International Film Festival and New York Television Festival). She writes and produces videos and web content for dozens of national corporations. In a previous life, she was a television news producer and worked in the corporate world. She is a published feature and short story writer and has an M.A. in Marketing and an M.F.A. in Creative Writing. She teaches Multimedia Storytelling (aka Convergence Media Production) at St. Louis Community College-Forest Park.