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Home coming: Senior housing development surges as population ages, but low-income projects lag

Mar 02, 2015 - Crain's Detroit Business

There's a surge of senior housing development in Southeast Michigan as developers look to meet rising demand and take advantage of available capital.

Projects ranging from high-end and market-rate senior living communities and expansions to a handful of affordable or low-income housing projects are in the works.

While demand for affordable housing has risen post-recession, those projects are comparatively few, given the lack of federal dollars to support them and the complexities of ...