La Vogue Apartments renovation

[majohnson]

The La Vogue Apartments located at 225 Merton, Detroit, 48203 appear to be
under a gut renovation.
Demolition chutes, fencing, and public funding project signage are clearlyvisible at the property.

A publicly available report listing the $609,000 awarded to the project
lists the property as L'Vogue Square.
It also lists ownership by Kathy Makino [[Leipsitz?), La Vogue Square LDHA LP.

CoD City Council’s September 14, 2009’s agenda gives the following
information about the project:
“ . . . Six [[6) of the units will be occupied by tenants with incomes at
thirty-percent [[30%) of the area median income adjusted for family size; six
[[6) of the units will be occupied by tenants with incomes at forty-percent [[40)
of the area median income adjusted for family size; sixteen [[16) of the units
will be occupied by tenants with incomes at fifty-percent [[50%) of the area
median income adjusted for family size; twelve [[12) of the units will be
occupied by tenants with incomes at sixty-percent [[60) of the area median
income adjusted for family size; four [[4) units will be reserved for special
needs tenants; five [[5) 2-bedrooms or larger will be reserved for families with
children; one unit will be used by the manager/employee. . . .”

Does anyone have any background information about the project?
Why this building, why know, is it a bet on light rail?