Near North development prepares for construction in Ann Arbor

Near North is nearly there when it comes to nailing down its financing so it can break ground on the north side of downtown Ann Arbor. The affordable-housing project just received another $250,000 grant from the federal government.

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Financing is starting to fall into place for the Near North development on the northern edge of Ann Arbor's downtown area. The affordable-housing development recently nailed down $250,000 more in funding from the feds and expects to hear on the rest by mid May.

"We're hoping to break ground in August or September," says Bill Godfrey, developer of Near North.

But first Three Oaks and Avalon Housing, the two organizations behind the development, are waiting to hear if the development qualifies for the $10 million in state brownfield and affordable housing tax credits. The Michigan State Housing Development Authority is expected to pass judgment by mid May on the $11-million project.

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Near North development prepares for construction in Ann Arbor

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