Community is defined in the Merriam-Webster dictionary as a group of people with a common characteristic…
New Apartments Coming to Downtown
The City recently received word that a grant application to help build 7 new apartments and renovate one existing apartment in downtown Adrian was approved. The result of this grant will be an investment of over half a million dollars and some spectacular new places to live downtown. Four buildings will house these apartments – 109 N. Main, 120 E. Maumee, 121 E. Maumee, and 123 E. Maumee.
The program that brings these dollars into downtown is the Rental Rehab program from the Michigan State Housing Development Authority (MSHDA). It provides a 75% federal match to a 25% (minimum) match from building owners. In exchange for the grant, building owners must provide 51% of the apartment units created or remodeled to low and moderate income tenants, making these units perfect for young professionals working their first jobs. The city has previously used this program when several apartments on N. Main were built, and is planning to apply for additional funds to be released later in 2014 for up to 16 additional apartments.