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    U-M Alum Manny Martinez says it’s “breathtaking” to be a part of the Michigan Central Station transformation

    U-M Alum Manny Martinez says it’s “breathtaking” to be a part of the Michigan Central Station transformation

    Gordie Howe International Bridge Starts New Construction Phase

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    [Re]Building the Barrio: Detroit Future Ops

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    Another Tragic Incident of Gun Violence in Our State

    La Tercera Edad, “The Third Age,” is thriving at LA SED

    Bridging Neighborhoods Home Swap Program Renovates Home for 70th Delray Family

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    The Artist is Human: A. I. Won’t Break My Soul, Artist Lecture by Michael Menchaca, at the DIA

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EL CENTRAL Hispanic News
  • Home
  • About
    • Introducing the partnership with the Race and Justice reporting Initiative
  • Español
    U-M Alum Manny Martinez says it’s “breathtaking” to be a part of the Michigan Central Station transformation

    U-M Alum Manny Martinez says it’s “breathtaking” to be a part of the Michigan Central Station transformation

    Eva Longoria Hosts ‘Searching For Mexico’ New Travel Food Show

    Eva Longoria Hosts ‘Searching For Mexico’ New Travel Food Show

    Understanding Your Local Air Quality

    Understanding Your Local Air Quality

    Introducing Latino Leaders for the Enhancement of Advocacy and Development (LLEAD)

    Latino Book Awards Celebrates 25 Years

    Latino Book Awards Celebrates 25 Years

    WSU Offers Free Tuition to Michigan Students with Family Incomes Under $70,000

    WSU Offers Free Tuition to Michigan Students with Family Incomes Under $70,000

    [Re]Building the Barrio: Detroit Future Ops

    [Re]Building the Barrio: Detroit Future Ops

    rock painted with words in red “how many more”

    Another Tragic Incident of Gun Violence in Our State

    La Tercera Edad, “The Third Age,” is thriving at LA SED

    Bridging Neighborhoods Home Swap Program Renovates Home for 70th Delray Family

  • Community
    $10 Million Microloan Fund for Women, Veterans and Entrepreneurs of Color Launched

    $10 Million Microloan Fund for Women, Veterans and Entrepreneurs of Color Launched

    Nonprofits encouraged to apply for $35M fund to help more Michiganders make ends meet

    $35M Relief Fund Application Goes Live to Assist Small Michigan Nonprofits

    U-M Alum Manny Martinez says it’s “breathtaking” to be a part of the Michigan Central Station transformation

    U-M Alum Manny Martinez says it’s “breathtaking” to be a part of the Michigan Central Station transformation

    District Detroit Deserves our Support

    District Detroit Deserves our Support

    Introducing Latino Leaders for the Enhancement of Advocacy and Development (LLEAD)

    Finding Peace: An Interview with Author Nedra Glover Tawwab

    Finding Peace: An Interview with Author Nedra Glover Tawwab

    City of Detroit Launches Application Process for $25M Sidewalk Replacement Program

    City of Detroit Launches Application Process for $25M Sidewalk Replacement Program

    Cinco de Mayo 2023: 10 Parade & Fiesta Questions in 10 Minutes

    Artists Talking: Michael Menchaca and Vito Valdez Interview

    Artists Talking: Michael Menchaca and Vito Valdez Interview

  • Featured
    U-M Alum Manny Martinez says it’s “breathtaking” to be a part of the Michigan Central Station transformation

    U-M Alum Manny Martinez says it’s “breathtaking” to be a part of the Michigan Central Station transformation

    Gordie Howe International Bridge Starts New Construction Phase

    Gordie Howe International Bridge Starts New Construction Phase

    A Folkloric Carpa

    A Folkloric Carpa

    [Re]Building the Barrio: Detroit Future Ops

    [Re]Building the Barrio: Detroit Future Ops

    rock painted with words in red “how many more”

    Another Tragic Incident of Gun Violence in Our State

    La Tercera Edad, “The Third Age,” is thriving at LA SED

    Bridging Neighborhoods Home Swap Program Renovates Home for 70th Delray Family

    Introducing the partnership with the Race and Justice reporting Initiative

    Get Well Thoughts and Prayers for Jesse

    Detroit Grand Prix Unveils Indy Car Detroit Art Installation

    Emerging Artist Roberto Patiño Jr. Talks Art Journey and Inspiration

    Emerging Artist Roberto Patiño Jr. Talks Art Journey and Inspiration

  • Culture & Arts
    Detroit Urban League Bestows Posthumous Award to Monica L Martinez

    Detroit Urban League Bestows Posthumous Award to Monica L Martinez

    Eva Longoria Hosts ‘Searching For Mexico’ New Travel Food Show

    Eva Longoria Hosts ‘Searching For Mexico’ New Travel Food Show

    Cinco de Mayo 2023: 10 Parade & Fiesta Questions in 10 Minutes

    Latino Book Awards Celebrates 25 Years

    Latino Book Awards Celebrates 25 Years

    Day of Fashion in Detroit Flyer

    Detroit Day of Fashion to Feature Southwest Detroit Designer

    Martín Solís, Leyenda de la Música Tejana recibirá la primera Placa de Reconocimiento Histórico en Mexicantown

    Martín Solís, Leyenda de la Música Tejana recibirá la primera Placa de Reconocimiento Histórico en Mexicantown

    The Artist is Human: A. I. Won’t Break My Soul, Artist Lecture by Michael Menchaca, at the DIA

    The Artist is Human: A. I. Won’t Break My Soul, Artist Lecture by Michael Menchaca, at the DIA

    Cheech Marin: Perspectives of an Art Advocate, Coming to Ann Arbor

    Cheech Marin: Perspectives of an Art Advocate, Coming to Ann Arbor

    City of Detroit to commission 200 murals in neighborhoods across the city in quest to become America’s top street art city

    City of Detroit to commission 200 murals in neighborhoods across the city in quest to become America’s top street art city

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Southwest Detroit Business Association Launches 2nd-Floor Residential Grants to Create More Affordable Housing

EL CENTRAL by EL CENTRAL
February 23, 2023
in Business
Reading Time: 3 mins read
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In collaboration with the City of Detroit Housing & Revitalization Department (HRD), the Southwest Detroit Business Association (SDBA) have announced the start of its Second-Floor Residential Grant Program, which aims to convert vacant, second-floor space above commercial spaces into affordable apartment units in Southwest Detroit.

The program, which will reimburse property owners up to $10,000 for performing eligible improvements on their unused second-floor apartments, is expected to result in 24 new affordable housing units. Property owners can apply now until 5 p.m. March 31.

“At the City of Detroit, we are always looking for ways to create affordable housing and opportunities for Detroiters,” said Julie Schneider, director of HRD. “This great program does both, by converting unused space into affordable places for Detroiters to live, reinvigorating our commercial corridors and helping to stabilize income for local property owners.”

The funding allocated by the City of Detroit is part of the $203 million housing plan announced in July by Mayor Mike Duggan and City Council members as part of an effort to increase the number of code-compliant, naturally occurring affordable rental housing units.

Eligible properties must have unused second-floor apartments located above ground-floor commercial space. They also must be located within the geographic boundaries of West Vernor Highway from Woodmere to 15th Street; Springwells Street from West Vernor to the West Fisher Service Drive; Junction from Michigan Avenue to Konkel Street; and Bagley Avenue from the West Fisher Service Drive to 25th Street.

Anticipated rental rates for apartments are $780-$1,250, making them affordable to residents earning between 50 percent and 80 percent of area median income. More information can be found at www.southwestdetroit.com.

In 2016, the SDBA surveyed local business owners and identified more than 80 buildings with vacant second floors that are located within the West Vernor & Springwells Business Improvement District (BID). As a result, the SDBA implemented a publicly funded pilot with funding from the Kresge Foundation to incentivize commercial property owners to renovate their vacant second floors into affordable apartments.

The successful pilot demonstrated the feasibility of such conversions and further demonstrated how second-floor residential units provide a more active business corridor. The 12 new rental apartments increased the living options for residents, generated more foot traffic in the area, and spurred economic development along the commercial corridor. The program also created new revenue streams for local property owners, providing financial stability as neighborhood retail markets were disrupted by the COVID pandemic.

“We are excited for our continued partnership with the City of Detroit, bringing economic development opportunities to Southwest Detroit and simultaneously increasing access to safe and affordable housing for Detroit residents,” said SDBA Vice President of Programs and Compliance Laura Chavez-Wazeerud-Din.

For more information about the Second-Floor Residential Program, contact SDBA Real Estate Advocate Greg Mangan at 313-283-6533.

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