The complex, located at the intersection of Chene and East Jefferson inDetroit, consists of eight studio and 100 one-bedroom apartments and 118two-bedroom and 54 three-bedroom town homes.
All 312 units will be available for residents with incomes no greater than60% of area median.
Exterior improvements to Martin Luther King Homes II will include replacingthe sidewalks, front porches, siding, gutters and downspouts, handrails,roofs, windows, and interior and exterior doors. Units will receive newflooring, bathtubs, cabinets, hot water heaters, refrigerators and ranges,furnaces, air conditioning, and lighting.
The purchase and rehabilitation was arranged through a loan, financed underthe authority's Limited Obligation Mortgage Revenue Bonds "Pass ThroughProgram," which offers low interest loans to profit or nonprofitdevelopers for new construction or rehabilitation of rental developments.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.