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Lighthouse breaks ground on $30.6M affordable housing project in Pontiac Credit: Courtesy of LighthouseAuburn Place will be a modern five-story building with the majority of units accommodating single adults. Lighthouse MI broke ground Wednesday on a 54-unit affordable housing project in Pontiac as part of $44.6 million in affordable housing investments it’s making in the…
A Detroit mansion once owned by a Bumpy Cake scion is for sale Credit: Stylish Detroit Real Estate PhotographyThe Tudor-Revival house in Detroit’s historic Palmer Woods neighborhood was built in 1929. A mansion steeped in Detroit history — built for a president of Chevrolet and once owned by a son of the creator of Sanders…
Key incentive for RenCen, other ‘transformational’ developments in legislative limbo Credit: Bedrock/Gensler/RossettiPlans by General Motors Co. and Dan Gilbert’s Bedrock LLC for the Renaissance Center includes demolishing two towers and creating an entertainment district on riverfront land to the east. LANSING — The future of a key tax incentive that has been used to spur…
A real estate tax shelter that aided Detroit projects has been made permanent — with big changes Credit: CoStar Group Inc.The Chroma buidling in Detroit’s Milwaukee Junction neighborhood received Opportunity Zone equity funding. A controversial 2017 provision of a signature Trump administration law allowing people to shelter capital gains from taxes in exchange for investment…
Owning a home is a keystone of wealth… both financial affluence and emotional security.