Why do affordable Ann Arbor apartments cost over $200M to build? Project explained

ANN ARBOR, MI — Building affordable housing doesn’t mean construction is going to be cheap.

A 20-story, 330-unit apartment building the Ann Arbor Housing Commission is planning at 350 S. Fifth Ave. was estimated in October to cost about $220 million.

The latest budget breakdown provided to City Council on Monday, Dec. 15, now puts it at just under $213 million…

Story continues

TRENDING NOW

LATEST LOCAL NEWS