Mapleridge Duplexes
About the project
Osborn Neighborhood Alliance (ONA) was founded in 2008 with the support of the Skillman Foundation’s Good Neighborhood Initiative. ONA works to be the voice of the Osborn community, with a mission to “function as an independent governing body that engages and empowers families to have all the resources and supports necessary to make their children successful by creating an effective format for communication and cooperation between parents, residents, community leaders, business, clergy, law enforcement, housing developers, and school staff in the Osborn neighborhood.”
ONA is based in Detroit, MI and serves the Osborn neighborhood on the northeast side.
LISC provided $1.00 million in construction financing to support the rehabiliation of three duplex properties in Detroit's Osborn neighborhood. Each home will have two units and be sold to buyers making no more than 80% of AMI. The second unit will be rented to households making no more than 60% AMI. These units will be renovated to National Green Building Standard, and the units will include Energy Star-rated equipment, windows, insulation, high-efficiency furnaces, building envelope air-leak testing and mitigation, and LED light bulbs. This project will reactivate vacant residential properties, and create new opportunities for wealth building for low- and middle-income residents of the predominantly Black neighborhood.
Partner:
Osborn Neighborhood Alliance
Location:
Detroit, MI
Total Investment:
$1.00 million
Results:
6 units
Project Category:
Affordable Housing;
Product:
Construction loan
UN SDGs:
