Islandview Greater Villages Duplexes

About the project


Develop Detroit is a team of mission-oriented developers striving to build and preserve high-quality housing that helps transform neighborhoods across Detroit, while also enabling a wide range of Detroiters to live, work and thrive. Guiding their approach is a strong belief that healthy cities are racially and economically diverse.

Develop Detroit is located in Detroit, MI.

LISC provided $2.7 MM loan through our MacKenzie Scott partnership to fund the Islandview Greater Villages project which is a duplex rehab project that consists of six duplexes, creating 12 units of for-sale housing. The rehab scope of work will deliver high quality for sale homes rehabbed to market rate standards. Islandview will be a mixed income redevelopment, with six (6) market rate homes, four (4) 80% AMI units, and (2) 60% AMI units

More LISC Lending's Project Profiles

Partner:

Develop Detroit, Inc. 

Location:

Detroit, MI

Total Investment:

$2.72 million

Results:

12 units

Project Category:

Affordable Housing;
Community Services

Product:

Construction

Website:

www.developdetroit.org

UN SDGs: