Former Plaza Hotel and Conference Center in Southfield to become apartments

[Airforceguy]

The apartments would target young adults who are ageing out of foster care homes.

Dilapidated Southfield hotel to get second chance with nonprofits' help

That new chapter includes redeveloping the dilapidated hotel into Hope Apartments, which will offer units to young adults aging out of foster care in what is being called the “largest investment” of its kind targeting that underserved population. The sale is a complicated balancing act.

The Southfield Nonprofit Neighborhood Corp. — formerly the Southfield Nonprofit Housing Corp. — bought the hotel, but plans to only hold onto it temporarily.It intends to sell it to the Bloomfield Hills-based nonprofit The New Foster Care Inc., which seeks to convert the tower into 275 residential units: 187 studio apartments, and split the remaining 88 evenly between one- and two-bedroom units. Southfield Mayor Ken Siver, who is president of the Southfield Nonprofit Neighborhood Corp. board, said that organization “is sort of holding the property” for The New Foster Care and, in that time, is working on things like building stabilization and asbestos removal.

https://www.crainsdetroit.com/real-e...tel-southfield

[Cincinnati_Kid]

Would be nice to read, however it's behind a paywall.

[Danny]

Make it affordable and subsidized housing.