New Housing in Flint’s First Neighborhood
Michigan Community Capital, in partnership with Uptown Redevelopment Corporation, is proud to announce the development of two single-family houses and two duplexes in Flint’s historic Carriage Town neighborhood.
Located on vacant lots in the heart of the neighborhood, the six new housing units will be some of the first new construction in Carriage Town in nearly a century. By developing these houses on strategic parcels within the neighborhood, our goal is to stabilize the residential housing market, build on the neighborhood’s strong sense of community, and provide a proof of concept for future investment in Carriage Town.
412 W. Second Ave. was formerly a multifamily apartment complex that has been demolished. This project will construct two walk-up duplexes that fit into the scale and character of the neighborhood for a total of four for-sale units. Each 3-bedroom, 2-bathroom unit will be approximately 1,250 square feet and will feature a front porch, rear garage, and high-quality building materials. A small condo association fee will cover common area maintenance and landscaping. We anticipate each condo to appraise for $150,000, which is affordable to a buyer earning $55,000 annually.
Across the street, the vacant parcels at 427 & 417 W. Second Ave. will be redeveloped into 3-bedroom, 2.5-bathroom single family homes. We anticipate these 1,500 square feet homes to appraise for $170,000, which is affordable to a buyer earning $66,000 annually.
This development could not be built without community support. In addition to our partnership with Uptown Reinvestment Corporation, we’ve worked closely with the Genesee County Land Bank, who currently owns the parcels, as well as the Carriage Town Historic Neighborhood Association, who provided feedback on design and construction quality.
“These homes can act as a fine example of new construction within the district,” said Nick Kedovary, President of the Carriage Town Historic Neighborhood Association. “We are sincerely grateful for what felt like a true desire for neighborhood engagement and buy-in from Michigan Community Capital and Uptown Reinvestment Corporation.”