Category Archives: Michigan

Feds Aim to Stem Detroit’s Tide of Abandoned Homes

The federal government is pushing to eradicate a long-standing symbol of Detroit’s massive economic deterioration: the abandoned house. On Tuesday, the regulator of government-controlled Fannie Mae and Freddie Mac announced a pilot program that will begin in coming weeks in Detroit to keep families in their current homes through loan modifications, match distressed properties with non-profit organizations for resales and assist in building demolition.

AOL Real Estate

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Multifamily Affordable Housing in Michigan: Energy Efficiency for All

May 1st marked the launch of the Consumers Energy program designed specifically to meet the needs of multifamily affordable housing. The pilot is part of a larger initiative to scale up energy efficiency in multifamily affordable housing across the country that the NRDC is helping lead.

The pilot will touch 1,224 units in 79 buildings and utilize $400,000 worth of incentives over the next two years. Based on a typical centrally heated, 3-story, 24-unit masonry structure with 24,000 square feet of heated space, measures such as air sealing, roof insulation, boiler replacement, boiler controls, radiator replacement and CFL installations can result in savings on energy costs reaching $44,350 in 5 years. Seeing approximately the same level of success in these 1,224 units could translate into over $2,200,000 dollars in energy cost savings in just 5 years!

NRDC Switchboard

Public Investors To Be Sought for Ann Arbor Public Housing Sites

Three properties that provide public housing are recommended to be rezoned, following action at the May 6, 2014 meeting of the Ann Arbor planning commission. The sites are part of the Ann Arbor Housing Commission’s major initiative to upgrade the city’s public housing units by seeking private investors through low-income housing tax credits.

AAHC director Jennifer Hall explained that PL zoning doesn’t allow housing to be built on it. As AAHC seeks private funding to rehab its properties, it needs to ensure if a building burns down, for example, it could be rebuilt.

Ann Arbor Chronicle