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North Village Detroit

Investing in a Community

location

Detroit, MI

status

In Development

role

Investor, Developer

type

Single Family & Duplex Residences

Opportunity

In the North Village project, led by a Detroit based development partner, Astral Weeks is investing in the future of a community on Detroit’s East Side, helping to eliminate blight and stabilize housing stock.

Investment

Initially self-financed, the partners have worked with CDFI lenders to finance the rehabs of several single family and duplex homes in order to increase the overall impact of the project.

Impact

The project has coincided with significant public and private investments in the neighborhood, including a major streetscape upgrade, city issued RFP’s and the first new build multifamily project in decades, which will deliver 92 additional units of market and affordable housing to the area.