The Freelon at Midtown’s Sugar Hill Offers Affordable Housing to Detroiters

Sugar Hill in Midtown

The Freelon at Midtown’s Sugar Hill Offers Affordable Housing to Detroiters

September 22, 2022

At the Rocket Community Fund, we believe everyone deserves a safe and stable home. It’s why we’re invested in ending homelessness, preventing displacement and creating new pathways toward homeownership. Today, we’re excited to join the city of Detroit in announcing the opening of The Freelon, a new affordable housing development that we supported.

The Freelon, located in Midtown’s Sugar Hill Arts District, is a $38M project from Preservation of Affordable Housing (POAH) and Develop Detroit that will serve as a mixed-use and mixed-income development with retail space and affordable housing. Of the 68 apartments in the complex, 14 will be reserved for veterans, and six other affordable apartments will be set aside for those earning up to 80 percent area median income. The complex will also feature a community lounge decorated by original artwork by Detroit creatives, as well as a garage framed by Detroit artist Judy Bowman.

To help support the affordable housing piece of the complex, the Rocket Community Fund has invested $300,000 for social impact financing in the form of a low-interest, long-term loan. Read the full release to learn more about this property and the partners involved.

Our support for the Freelon development builds on other recent investments in affordable housing, specifically veteran housing. Recently, we announced the completion of the 211 Glendale project, which was a joint investment with The Home Depot Foundation to renovate a transitional housing complex into permanent supportive housing for veterans. This investment is part of our commitment to Built for Zero, a national movement driven by Community Solutions to measurably end chronic homelessness.

Since joining the movement four years ago, our investments have contributed to a 41% reduction in veteran homelessness – and we’re building upon that impact with data-driven commitments like these. This new property will help alleviate the long-term reliance on transitional housing, which is yet another example of how we can create meaningful solutions to complex problems when we work alongside partners who share our commitment to building more equitable communities.

With both The Freelon and the 211 Glendale project, we are excited to support innovative, affordable housing developments that help Detroit veterans and other residents enjoy the safety and stability of long-term housing.


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