Address
11421 Dexter Ave
Detroit, MI 48206
Neighborhood Highlights
- Designations: Historic
- Downtown: 5 miles
- Hospital: 3 miles
- Bus Stop: 500ft
- Airport: 19 miles
Detroit Independent Living
Overview
There’s a significant shortage of inventory for senior housing that’s predicted to get worse as the aging population is predicted to be 25% of the total population over the next decide.
This 138-unit former senior housing building will be redeveloped as a 76-unit senior housing in a service-enriched environment where seniors can live independently. A third-party service provider will also be on site to provide assistance with the 6 Activities of Daily Living (ADLs) for Medicaid Waiver eligible seniors. As a tax credit development, affordability is set at 60% of the area’s Average Media Income (AMI).
100% PBVs awarded
11421 Dexter Ave, Detroit
70,000 Sq ft
Affordable Senior Housing
76 Units
9% LIHTC
$25 million
Adaptive Reuse
Deal Highlights
In addition to a community-like feel, this development is enhanced with a service-enriched component supported
by a third-party provider that assists low income seniors with their daily needs.
by a third-party provider that assists low income seniors with their daily needs.
Community Room
Fitness Room
Activities
Library & Computer Lab
Meals on Wheels
100% Project-Based Vouchers
Tenant Services
30% - 60% AMI Income Targeting
Promo Video
Location
Let's talk!
We're ambitious about meeting shifting market, capital and tenant demand.
Partner, invest and align with us.
Email us directly:
hello@iconheritagepartners.com