Ground breaks today on a new project that will bring for-sale homes to two Detroit neighborhoods. Develop Detroit—along with The Ford Foundation, Kresge Foundation. JPMorgan Chase, and U.S. Bancorp Community Development Corporation—is leading a project to rehab current homes and build new homes in the North End and Grandmont-Rosedale.
The first phase of the project will see the construction of 12 new homes in the North End, seven rehabbed homes in the North End, and 11 rehabbed homes in Grandmont-Rosedale. Develop Detroit has plans to add up to 40 homes in phase 2 of this program, representing up to 70 homes total.
These homes will be the first new construction in the North End in decades. Develop Detroit is partnering with the Grandmont-Rosedale Development Corporation for the work underway in the Grandmont-Rosedale neighborhood.
The new construction homes will range from 1,100-1,400 square feet. Depending on whether the house is new or rehabbed, cost will range from $150,00 to the low $300,000. They’ll be listed through City Living Detroit.
“After months of planning, we’re happy to announce this project and continue to make strides toward enhancing and reinforcing the urban vitality of the North End and Grandmont-Rosedale neighborhoods,” said Sonya Mays, Develop Detroit President and CEO. “This project goes beyond creating affordable housing for Detroiters, particularly in the North End. It will add needed energy, increase neighborhood density, and provide more opportunities for residents, existing and new.”
According to a release, Develop Detroit has also received backing from the Housing Partnership Network (HPN), a business collaborative of 100 of the nation’s leading affordable housing and community development nonprofits. In 2016, Sonya Mays worked closely with HPN to establish Develop Detroit as a social venture in the aftermath of Detroit’s municipal bankruptcy.
Rehabbing of homes will begin June 2018, with new construction starting in August of 2018. Homes will go on sale at this time. The homes will be fully constructed by March 2019.