Block by Block is a solutions journalism series that is supported by CEDAM, Michigan CDFI, and Invest Detroit, and is focused on community development leaders and initiatives in Michigan.
In the heart of Detroit’s Grandmont Rosedale neighborhood, a 42-unit, mixed-use development has given senior citizens brand-new affordable housing. Minock Park Place was seven years in the making, and marks the first affordable senior housing community in the neighborhood, located at 19505 Grand River Ave. — a vital commercial and cultural artery.
The second phase of the Detroit Housing for the Future Fund (DHFF) returns, offering communities across the city the opportunity for more affordable, stable neighborhoods.
Community developers know, care for, and invest in their neighborhoods. Together with community development institutions (CDFIs), small development projects can have a huge impact on their neighborhoods, serving as a catalyst for future growth.
As the statewide housing crisis continues, communities of all sizes are looking at how to increase affordable housing options for current and future residents. In Kalamazoo County, the Portage Community Land Trust is helping residents become homeowners affordably with their new workforce housing development, Stanwood Crossings.
Childcare is not a family issue, but a workforce issue. Members of the MI CDFI Coalition showcase how investing in quality, affordable childcare and early childhood education positively impacts the entire community.
In an effort to serve the underserved, One Detroit Credit Union is expanding its reach with two new branches, both in shuttered former financial institutions. In doubling-down on their commitment to provide more than banking to Metro Detroiters — these branches offer the community products, services and resources for financial health and wealth building.
As Michigan's affordable housing shortage continues, developers are exploring modular construction and 3D printing as innovative ways to reduce building time and address labor shortages.
Rural communities often experience a lack of capital access due to bank mergers, or community banks leaving their areas. CDFIs step in to bridge the gap by providing crucial capital, workshops, and referrals to rural communities — funding affordable housing, high-quality education, and community development with small business growth.
CEDAM has released a new housing TIF guide to help Michigan communities understand and apply tax increment financing as a tool to support local housing development and affordability goals.
Predevelopment assistance provides local real estate entrepreneurs with a pathway to community investment and growth.
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