Detroit Evening Report: Community celebrates new affordable housing project in Detroit’s North End

Community members gathered in Detroit’s North End neighborhood on Tuesday to celebrate the completion of a new $7.3 million mixed-use affordable housing project.

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“The Beauton” will feature 29 new units, including 10 micro studio units, 15 studio units, two one-bedroom units and two two-bedroom units — with rents based on 50-120% of area median income (AMI), and over half of the units at or below 80%. Rents for the micro units will be as low as $700 per month, and affordability is guaranteed for the next 12 years under the agreement.

“North End has seen a lot of new investment that can bring rent pressures for existing residents,” said Detroit Mayor Mike Duggan in a statement.  “The Beauton will bring 29 more units of much-needed affordable housing to North End to help make sure residents of all income levels can live in a growing and thriving neighborhood.”

Led by Detroit developer Charles Dickerson, the project was made possible by funding from several sources, including $1.5 million from the Detroit Housing for the Future Fund (DHFF); nearly $2.5 million from Capital Impact Partners; $1.5 million from the Michigan Economic Development Corporation and additional support.

DHFF is a private investment fund aimed at directing funding to create and preserve affordable housing in Detroit. The fund is anchored by a $15 million commitment from JPMorgan Chase of the fund’s total $58 million raise and a $10 million guarantee from The Kresge Foundation.

Including The Beauton, the DHFF has funded 13 projects totaling 435 new or preserved affordable units in the city.

“Projects like The Beauton exemplify the power of partnership and the impact of the Detroit Housing for the Future Fund in creating affordable housing solutions that meet the needs of our residents,” said Julie Schneider, director of the city’s Housing and Revitalization Department.

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Other headlines for Friday, Nov. 15, 2024:

• A 3-year-old sloth bear named Jagger has found a new home at the Detroit Zoo. This is the first time a sloth bear has been in the zoo in decades, according to zoo officials. Officials also say that she’ll be spending the next few days getting acclimated to her new home before stepping outdoors.
• The 21st annual Detroit Tree Lighting ceremony is taking place from 4-9 p.m. next Friday, Nov. 22. The free event kicks off the holiday season with stellar performances by national and local musical acts and figure skaters. There will also be food trucks, and unique lighting attractions across Downtown Detroit.
• Tickets are still available for Dave Chappelle and Killer Mike’s Still Talkin’ That Sh*t tour stop at the Fox Theatre tonight at 8 p.m.

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