Posted Dec 23, 2021, 12:06 AM
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Moderator
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Join Date: Aug 2006
Location: Detroit
Posts: 2,462
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Art Center apartment building to be renovated for affordable housing
Quote:
A historic apartment building located in the Art Center area of Midtown will receive a $2.9 million renovation. LISC Detroit announced the upcoming renovation of the Belnord, which opened in 1914. The building will offer its rates as affordable and will not displace any current residents with the renovation.
The development is led by Ed Siegel's JacobStreet LLC. The development received gap funding through a $2.46 million loan from the Detroit Housing for the Future Fund.
The 24 apartments will be fully renovated, and five additional apartments will be added by using 3,000 square feet of space at the garden level. Renovations will also include a new roof and upgraded HVAC, plumbing, and electrical.
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