Affordable Living and Open Green Spaces
Overall the new community increases housing stability and sustainability, and provides quality, safe and affordable housing for families!
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Phase I - The Preston Townhomes
The 2-3 bedroom homes are designed for families. And, the community is designed for families too with several pocket parks, a playscape for children and a community garden with ample green parking. The Preston provides numerous amenities for families with low to moderate incomes quality living at an affordable cost. There are a total of 31 units and 8,727 sq. ft. of open green space.
Capital for Phase I includes low-income housing tax credits (LIHTC), City of Detroit HOME funds, Project Vouchers and other grants. Each source has specific household earning requirements between 30% and 50% of the average median income in the Metropolitan Detroit Area.
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Phase II - Mack Place Apartments
Mack Place is a 4-story mixed-use building on Mack Avenue, a public transit commercial corridor. The 29 apartments are 1, 2 and 3 bedrooms to accommodate families of various sizes.
The 3,000 sf of commercial space is designed to support retail and office businesses. Plus, Mack Place will be GenesisHOPE's new office!