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Developer says New Hudson's Tower will include deep-affordability units; committee advances NEZ certificates to formal review
Summary
Bedrock Detroit presented portfolio data showing 709 of 1,681 units (42.2%) at 60% AMI or below and described enhanced affordable-housing commitments tied to the New Hudson's Tower; the Budget Finance Audit Standing Committee sent the NEZ certificate applications for 96 condominium units to formal review by consensus.
The Budget Finance Audit Standing Committee advanced NEZ certificate applications for 96 newly built condominium units in the New Hudson's Tower to formal review after a developer presentation on affordable-housing commitments.
Brian Watkins, representing Bedrock Detroit in government affairs, said the company has exceeded prior affordable-housing commitments and that, across 1,681…
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