Broadway Lofts, a development led by Michigan Community Capital, has been named a finalist for the national Jack Kemp Excellence in Affordable and Workforce Housing award from the Urban Land Institute (ULI).
The Kemp Award was established in 2008 in memory of Jack Kemp, a former secretary of the U.S. Department of Housing and Urban Development and a national advisory board member of the Terwilliger Center. It recognizes developments that use innovative financing sources to provide attainable mixed-income housing, primarily focusing on households earning between 60 percent and 120 percent of the area median income.
The only Midwest or rural finalist, Broadway Lofts is a new mixed-use development on a brownfield site in the heart of Mt. Pleasant, MI. The project created 48 apartments with over 13,000 square feet of ground-level retail. It features 48 energy-efficient apartments targeted at Michigan’s workforce housing population. Local grocery cooperative GreenTree Co-op Market utilized the commercial space to expand their 50-year-old business.
Other nominees in this category include
- 201 Canal, Lowell, MA
- Caton Flats, Brooklyn, NY
- J-centrel, Philadelphia, PA
The jury for the two ULI awards is chaired by Ron Terwilliger, founder of the ULI Terwilliger Center and chairman of Terwilliger Pappas Multifamily Partners.
The winners will be announced in October during ULI’s Fall Meeting in Los Angeles.
Find more information on these awards and nominees here: https://urbanland.uli.org/public/uli-announces-finalists-for-2023-jack-kemp-terwilliger-center-innovation-awards/
