Modulars allow swift erection and thwart site theft of materials and vandalism in distressed neighborhoods. The modular houses, with three bedrooms and two baths, are offered at below median prices to spur development in this moribund real estate market. To create more of a sense of a suburban development, the houses are placed on two narrow, annexed lots, which were acquired from the city. This allows more space around the units and the ranch-style homes to face the street. The nonprofit developer, Venture, secured federal HOME funds to subsidize the houses.
Venture is the first nonprofit in Michigan to use modular units.
Funding HOME funds are used for first-time homebuyer mortgages. Financing is also received from the nonprofit community housing development organization.