3 mixed-income developments in Corktown get state incentives

[Airforceguy]

The board of the Michigan Strategic Fund on Tuesday approved incentives for three projects in the immediate area, some of which are additional phases of already in-process developments.In total, the projects approved for incentives by the MSF on Tuesday account for more than $67 million in new investment and are expected to bring 150 new housing units to the neighborhood. The developers of the three separate projects received approximately $7.3 million in state incentives, largely in the form of loans from the state’s pool of economic development dollars.

Several of the projects awarded funding by the state’s leading economic development mechanism have been in the works for several years.
Developments such as those approved by the MSF on Tuesday — with units built for a variety of income levels — typically leverage multiple layers of financing in order to come to fruition.

https://www.crainsdetroit.com/real-e...ate-incentives

[Lowell]

Once again, like the mixed-income development on Michigan Ave., the architectural features are very minimal. The artist in my says why not at least go for brilliant colors, reds, oranges, etc. offset by dark blues or even black. Oh well. Great news nonetheless