DETROIT – Gov. Gretchen Whitmer announced that a redevelopment project in Detroit is receiving funding to create 21 apartments and commercial space.
The mixed-use development project in Detroit’s historic North Corktown neighborhood is receiving support from a $1.5 million Revitalization and Placemaking (RAP) grant, according to a release from Whitmer’s office.
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“North Corktown is getting what it needs, homes people can afford and space where residents can purchase goods locally,” said David Laurence Howell, Detroit Economic Growth Corporation vice president of Real Estate Services. “Thirty percent of these homes will be affordable for everyday Detroiters, while the ground-floor commercial space gives them a shot at entrepreneurship. Sean and Anthony prove that when you invest in local talent, you get developments that serve the community.”
The project is led by co-developers Sean Tidwell and Anthony Askew, Detroit-based developers who completed a selective training and mentorship program designed to support equitable, community-focused development alongside experienced local developers.
The development will be constructed on a vacant property in the Detroit neighborhood and create 21 residential apartments, 19 parking spaces and almost 2,686 square feet of commercial space, according to the release.
About 30% of apartments will be affordable-housing units and at or below 80% AMI.
“This development is only possible because of the support of great partners like MEDC, DEGC, and LISC working together,” said co-developer Anthony Askew. “That kind of collaboration is essential to support community-centered developers who are committed to building Detroit’s neighborhoods.”
In addition to the RAP grant, this project will also receive a $530,000 low-interest loan from the Detroit Economic Growth Corporation, and the city of Detroit also approved a Neighborhood Enterprise Zone abatement with an estimated value of $731,128.
It’s expected to bring a total capital investment of $7,624,942, according to the release.
“We are focused on developing the high-quality, impactful projects that our neighborhoods deserve,” added co-developer Sean Tidwell. “As native Detroiters, we are proud to build in Detroit and contribute to the city’s future.”