Housing development in Ypsilanti a step closer to reality after receiving $3.6M in federal funding
Federal funding to build 46 affordable housing units in the Depot Town area of Ypsilanti has been approved. This seeks to create more homeownership in the city.
Half of the 46 cottages, townhouses, and duplexes will be set aside for people who make up to 80% of the average median income. The other half will be sold at market rate, capped at $205,000.
Commissioner Justin Hodge represents the Fifth District.
“This is a really unique project in that we’re really encouraging people to be able to build wealth and purchase a home.”
The development is expected to be completed by the end of 2024.
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