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MegadealsSubsidy Tracker Individual Entry
Company: Du Charme Place, LLC
Parent Company:
Subsidy Source: state
Location: Michigan
City: Detroit
Address: 1544 E. Lafayette Detroit
Zip: 48207
Project Description: The City of Detroit Brownfield Redevelopment Authority will use local and school tax capture in the amount of $4,759,351 for the redevelopment of property located on E. Lafayette in the City of Detroit. The finished project will consist of a new market-rate residential development with 185 apartments and a fitness center. The project is expected to generate nearly $38.5 million in total capital investment and create six full-time jobs. In addition, the MSF approved $5.7 million in Michigan Community Revitalization Program performance-based equity support for the project.
Year: 2015
Subsidy Value: $2,040,152
Program Name: Brownfield TIF Local Mills
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax increment financing
Number of Jobs or Training Slots: 6
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.