LOVE Building

Borrower Name

Allied Media Projects

Project Location

Detroit

Project Type

Commercial Real Estate

Project Partners

Invest Detroit, Michigan First Credit Union, Chase

Nonprofits in the city of Detroit have struggled in recent years to find quality, affordable office space, and many have been priced out of their existing offices as rents increased. The LOVE Building was purchased by Detroit-based Allied Media Projects in 2018 to provide a long-term home for its own operations and affordable spaces for a network of other Detroit-based, social
justice nonprofits.

Allied Media Projects is a minority-controlled nonprofit that cultivates media to foster social justice. It seeks to create a more equitable and participatory media landscape by providing supportive services to 140 smaller organizations working at the intersection of media, art, technology, and social justice. These organizations are 75% Black-, Indigenous-, or People of Color-led, and more than half are led by LGBTQ people.

In 2023, Allied Media Projects began renovating the LOVE Building, a vacant four-story, 26,000-square-foot building with total project costs of $15 million. The LOVE Building will be a hub for local minority-owned businesses and nonprofits seeking to address the systemic inequities that have been exacerbated by the COVID-19 pandemic in areas of health, disability, digital access, and economic justice. The LOVE Building houses six minority-controlled nonprofits including Allied Media Projects, Detroit Justice Center, Detroit Community Technology Project, Detroit Disability Power, and Detroit Narrative Agency. The building’s ground floor will be occupied by Paradise Natural Foods, a Black woman-owned restaurant and catering business. The resident nonprofits provide needed services primarily to low-income people in the community.

At full capacity, the LOVE Building will house the equivalent of approximately 160 permanent jobs across its nonprofit and commercial tenants. Over 90% of positions are expected to pay a living wage and/or provide employer-paid benefits. Additionally, at least 80% of positions are expected to be accessible with less than a 4-year degree.

Invest Detroit provided a New Markets Tax Credit (NMTC) allocation of $10 million to the project along with Chase Community Equity, LLC, who allocated $2 million in tax credits and was the NMTC equity investor. Additionally, Michigan First Credit Union also provided a direct loan to complete the capital stack for the project. The NMTC financing was critical in allowing LOVE Building to provide below-market, flexible lease space to mission-aligned, emerging nonprofits.