Strategic housing: Developer addresses supply, affordability with radically different plans

Strategic housing: Developer addresses supply, affordability with radically different plans

With home prices and lending rates remaining uncomfortably high, many aspiring homebuyers find themselves priced out of today’s real estate market. The subject has garnered widespread media coverage, and some politicians have taken a prominent role in discussing it.

How will Detroit's next mayor address homelessness and housing? - WDET 101.9 FM

Affordable housing has been a major issue for many voters in Detroit. In fact, according to recent University of Michigan surveys, housing affordability is a top priority for residents. In the majority renter city that is Detroit, 60% of those renters are cost-burdened — meaning they spend over 30% of their income on housing costs. A lack of affordable housing is considered one of the root causes of homelessness. In 2024, a one-night count condu…