In order to create sustainable economic and community development, it takes a village, or in this case — an entire ecosystem of organizations, advisors, coalitions, CDFIs, and other collaborators to help foster a sense of place.
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.
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.
Formerly incarcerated people face numerous challenges in finding housing, often leading them to become homeless or recidivate.
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.
Congress near approval of what could become the most significant housing legislation in decades, but even supporters say it doesn’t do enough to ease America’s housing affordability crunch.
Edison Initiatives was formed to help others become homeowners and build wealth.
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.
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