232 Units

Cathedral Tower Apartments

80 East Hancock Street, Detroit, MI 48201

Conveniently located in the heart of Midtown, Detroit, Cathedral Tower offers spacious and affordable studio and one bedroom apartments for rent. This stately high rise apartment building offers spectacular views of the city skyline, and has been the gateway between Wayne State University and the Detroit Medical Center. Our community offers a community lounge on the 18th Floor, fitness center, Wi-Fi Café, and an on-site laundry facility.

Property Overview
  • Existing HUD Use Agreement – Expiring 2020
  • Financed with Freddie Mac 7 Year Capped ARM and Private Equity
  • Planned 2019 tax credit syndication with extension of affordability and deeper affordability restrictions from 80% AMI to 60% AM
Affordable Requirements:
  • HUD Use Agreement – 205 Units at 80% AMI