Nonprofit finishes $18M affordable housing buildings

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The buildings provide a total of 61 affordable housing units and four market-rate units with a rear parking lot for residents. Courtesy Facebook.com

A nonprofit finished two adjacent four-story affordable apartment buildings.

Inner City Christian Federation held a ribbon-cutting ceremony last week for the $18 million project, at 501 and 525 Eastern Ave. SE.

Totaling around 70,800 square feet, the north building is 37,200 square feet, and the south building is 33,600. They were built in accordance with LEED Silver certification standards.

The buildings provide a total of 61 affordable housing units and four market-rate units with a rear parking lot for residents.

In partnership with Grand Rapids-based Bethany Christian Services, the development offers 17 permanent affordable housing units for homeless youth, ages 18-24, along with services to help them successfully transition into independent living.

The first floor includes working spaces and a community and kids space.

The architect on the project was Grand Rapids-based DeStigter Architecture & Planning.

Grand Rapids-based Rockford Construction was the project’s contractor.

Funding comes from Michigan State Housing Development Authority low-income housing tax credits, Love Funding, Insite Capital/Chemical Bank, HUD, Grand Rapids Housing Commission, city of Grand Rapids Community Development Department, Federal Home Loan Bank of Indianapolis, Herman Miller Cares, Restoration Row and Michigan Department of Environment, Great Lakes and Energy.

“In a climate where rent prices continue to rise and vulnerable families are displaced, this new development is the embodiment of ICCF’s commitment to providing and preserving affordable housing for low-income families and homeless youth on the southeast side,” said Ryan VerWys, ICCF president and CEO.

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