ANN ARBOR, MI — Ann Arbor has finalized an agreement for new affordable housing units downtown with rents ranging from $1,275 to $1,701.
City Council voted 9-0 Monday night, June 2, to approve an agreement with Georgia-based Landmark Properties, stipulating conditions for the 19 affordable apartments included in the 19-story Legacy high-rise nearing completion at 616 E. Washington St. behind the Michigan Theater.
That includes 13 apartments with rents set at levels deemed affordable for households with incomes up to 80% of the area median, and six for those up to 60% of the area median, as previously agreed upon in a 2019 deal with Bloomfield Hills-based Cerca Trova, the other developer on the project…