(3/28/2023) Read the full article by David Sands on Model D Media.
A revamped affordable housing complex is in the works thanks to Lewis Holdings Development! The Detroit-based real estate company is renovating a 10-unit apartment complex at 1403 Junction Ave. The building, previously naturally occurring affordable housing, is getting much-needed upgrades for safety and maintenance. Owner Bobby D. Lewis is committed to keeping it affordable, with nine units rented below 50% of the area median income and one two-bedroom unit below 120% of AMI.
To make this possible, Lewis is partnering with Detroit Housing for the Future Fund, created by LISC, the City of Detroit, and MSHDA to support affordable housing in the city.