The Gilbert Family Foundation will invest up to $5 million to bring affordable housing to Corktown.
The foundation and the North Corktown Neighborhood Association announced the Housing Innovation of Tomorrow Showcase on Thursday. It’s a new effort to showcase the potential of factory-built housing to provide high-quality, affordable housing for Detroiters.
The housing innovation program will build nine factory-built homes in the area.
“For a long time, we have invested deeply in Detroit residents and housing stability, specifically those people who are at risk of displacement,” said Laura Grannemann, executive director of the foundation. “Typically, we look at people who are at risk of being displaced as a result of foreclosure or eviction. And then we try to stay connected with those families and understand what other risks they face that may cause them economic or health challenges.” housing stability perspective and one of the most important risks and challenges is access to affordable, accessible and healthy housing. “We see this frequently.”
Tomorrow’s Housing Innovation Showcase will involve up to nine manufacturers, each building an energy-efficient home in the north Corktown area.
The Corktown Neighborhood Association said in a statement that it will establish a community land trust to manage the project, “ensuring that housing is developed according to the needs of the community and that local renters and first-time homebuyers have the first opportunity to own them. houses. The plots used for the project have been empty for decades.”
“One of the goals that we hope the company brings to this housing show or just this is that it could potentially create economic development opportunities where one of these manufacturers would want to build a housing factory here in the city of Detroit, which would create jobs and help diversify Detroit’s economy,” said Darnell Adams, vice president of the Detroit Community Initiative at the Gilbert Foundation.
Factory-built homes reduce construction costs, can be built year-round and can be ordered, delivered and assembled on site in weeks, Adams said.
“These homes tend to be much more affordable to purchase, especially if it is from an individual or developer whose intention is to create affordability in their community,” Adams said.
The neighborhood association will call community meetings so that neighbors can participate in the design and development of the homes.
“This housing land trust will focus on improving the financial well-being of our residents without disrupting the current housing market… because we have quite a few developments in the neighborhood that our residents cannot afford. They are completely priced out of these developments,” said Tricia Talley, executive director of the Corktown Neighborhood Association.
“So this project will be in the middle and will give our residents the opportunity to not only participate in the design of the homes, but also to possibly purchase one of the homes and therefore create generational wealth without being left out of the process . opportunity to live in the neighborhood,” Talley said.
Factory-built homes will be unveiled in late 2024.