Gilbert's Bedrock says it will create 'affordable' housing in downtown Detroit. Here's what that actually means

This week, BedrockDetroit's largest developer — announced that it would create or maintain 700 "affordable" units in greater downtown Detroit as part of a commitment with the city to redevelop the area as an "inclusive, mixed-income community." The "affordable" units will make up 20 percent of the 3,500 residential units Bedrock plans to develop over the next several years, putting the real estate company owned by Dan Gilbert in line with Mayor Mike Duggan's affordability requirement...

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