Jumi Consulting Group led DDI’s $2M acquisition of a 56-unit affordable apartment community in Metro-Detroit. This acquisition preserved an existing affordable housing property with a long-term mission-oriented owner and addressed a shortage of quality housing options, without displacing residents.
Jumi Consulting Group also led DDI’s Notice of Intent to Apply submission for MSHDA’s Gap Financing Program-Round 17. The submission of a 38-unit affordable housing complex in northwest Detroit, ranked among the top 10 submissions.
Develop Detroit is a full-service real estate development non-profit company specializing in affordable and mixed-income housing, working to transform neighborhoods across Detroit while enabling residents to live, work, and thrive. DDI builds inclusive housing developments and undertakes strategic economic initiatives to create stable, vibrant communities that serve a diverse range of Detroiters.
Project Location
Detroit and Pontiac, MI
Services
Managing due diligence process
Leading city approval processes
Proforma modeling
Finance closing
Acquisitions
Project management