Housing Development in Harper Woods is Community’s First in Decades (Michigan Chronicle)

The first new housing development in Harper Woods will bring 71 units-for sale to the Metro Detroit suburb.

Robertson Brothers Homes and Renovare Development, in partnership with the Michigan State Housing Developemnt Authority (MSHDA), invited stakeholders to a groundbreaking ceremony for Fraser Square Wednesday morning on Lennon Street in Harper Woods.

Developers and state stakeholders said goal of the project is to ensure those who serve the community have an attainable path to homeownership.

Michigan badly needs new homes. MSHDA estimates the state is approximately 119,000 units short of demand. Developers say it’s difficult for to build homes that residents can afford to buy or rent without additional funding sources.

The project will create 71 homes, 48 duplexes and 23 townhomes, priced below the cost of construction, targeting families earning 60-120% of the area median income. The developers described the project as “attainable housing,” with part of the funding coming from MSHDA’s Missing Middle Housing Program. Thirteen units will be sold at market rate, while the rest will be priced in the mid-$200Ks and reserved for families earning 60–120% of Area Median Income (AMI). A majority of the homes are being sold below the cost of construction and include downpayment assistance for qualified buyers.

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For community information visit: www.FraserSq.com