Detroit Opened The Hive on Russell Affordable Housing
The new $23.9 million development provides 78 rent-restricted homes for local residents.
Updated on Oct. 6, 2026 in Apartments
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Detroit has officially opened The Hive on Russell, a 78-unit affordable housing development located in the Eastern Market area. The complex serves households earning between 30% and 60% of the area median income.
Why it matters
The project aims to stabilize housing access for working families and long-term residents in Detroit. It combines city funding with tax credits to maintain permanent affordability in an evolving urban corridor.
The Hive on Russell includes 39 studios, 33 one-bedroom units, and six two-bedroom apartments with a total development cost of $23.9 million. Eligibility is restricted to households earning between 30% and 60% of the area median income.
The players
Develop Detroit
This is a mission-driven real estate developer focused on expanding affordable housing and neighborhood stability in the city.
CSI Co-op
This organization partners with housing developers to manage cooperative housing communities for seniors.
The details
The development was executed by Develop Detroit, which acquired the property from a dozen previous owners to consolidate the site. The city supported the project with $4 million in American Rescue Plan Act funding and $445,000 from the Affordable Housing Development and Preservation Fund.
Timeline
The Hive on Russell held its ribbon cutting on October 2, 2026.
Culture Shift
This development follows a pattern set by the Low-Income Housing Tax Credit program to subsidize construction costs in exchange for long-term rent restrictions. The project reflects a broader urban planning shift toward integrated mixed-income living near transit corridors.
Residents qualifying for the units benefit from rent-restricted housing options in a historically significant neighborhood. Interested applicants should monitor developer announcements for future senior housing availability as the second phase moves toward construction.
The takeaway
The addition of 78 units represents a significant step in the city's strategy to balance urban development with affordability. Future phases aim to bring the total number of new affordable homes on this site to 148.
Further reading
For more information on the regional housing market, visit Detroit Apartments.
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Should your local government prioritize funding affordable housing projects as part of urban growth?
