Projects

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KamperStevens_AffordableHousingPres

Affordable Housing Preservation

Projects that fall under this type:

700 East Court Street, Flint, MI

800 East Court Street, Flint, MI

Beacon Place, Pontiac, MI

Buersmeyer Manor, Detroit, MI

Carriage Place, Pontiac, MI

Hartford Terrace, Muskegon, MI

Kamper and Stevens Buildings, Detroit, MI

Riverview Terrace Apartments, Traverse City, MI

NSOBellBuilding_PSH

Permanent Supportive Housing

Projects that fall under this type:

Auburn Place, Pontiac, MI

Beacon Place, Pontiac, MI

Buersmeyer Manor, Detroit, MI

Clay Apartments, Detroit, MI

Coolidge Place, Oak Park, MI

NSO Bell Building, Detroit, MI

Residences at St. Matthew, Detroit, MI

The Anchor at Mariners Inn, Detroit, MI

The Peterboro Arms, Detroit, MI

Vista de Socorro, Socorro, New Mexico

VOA St. Mary, Detroit, MI

Historic

Historic

Projects that fall under this type:

GRPC II – West Outer Drive, Detroit, MI

Kamper and Stevens Buildings, Detroit, MI

Lee Plaza, Detroit, MI

NSO Bell Building, Detroit, MI

Residences at St. Matthew, Detroit, MI

The Peterboro Arms, Detroit, MI

The Wills Manor, Marysville, MI

Transfiguration Place, Detroit, MI

VOA St. Mary, Detroit, MI

Senior

Senior

Projects that fall under this type:

700 East Court Street, Flint, MI

800 East Court Street, Flint, MI

Kamper and Stevens Buildings, Detroit, MI

Lake Huron Woods Apartments/Cottages, Fort Gratiot, MI

Lee Plaza, Detroit, MI

Minock Place, Detroit, MI

Parkview Apartments, Traverse City, MI

The Wills Manor, Marysville, MI

New-Markets-Tax-Credits

New Markets Tax Credits

Projects that fall under this type:

American Indian Health and Family Services, Detroit, MI

Detroit Horse Power, Detroit, MI

Lighthouse – Campus, Pontiac, MI

NSO Bell Building, Detroit, MI

Public-Housing-HUDRAD-Conversion

Public Housing / HUD RAD Conversion

Projects that fall under this type:

Carriage Place, Pontiac, MI

Hartford Terrace, Muskegon, MI

Lake Huron Woods Apartments/Cottages, Fort Gratiot, MI

Parkview Apartments, Traverse City, MI

Riverview Terrace Apartments, Traverse City, MI

Vista de Socorro, Socorro, New Mexico

New-Construction

New Construction

Projects that fall under this type:

Auburn Place, Pontiac, MI

Clay Apartments, Detroit, MI

Coolidge Place, Oak Park, MI

La Joya Gardens, Detroit, MI

Lake Huron Woods Apartments/Cottages, Fort Gratiot, MI

Minock Place, Detroit, MI

Parkview Apartments, Traverse City, MI

The Anchor at Mariners Inn, Detroit, MI

Vista de Socorro, Socorro, New Mexico

All Projects

700 East Court Street, Flint, MI

Type: Senior Preservation

Number of Units: 119

Total Development Cost: $22,200,000

Financing: MSHDA 9% LIHTC, Philanthropy, Conventional Financing

Rental Subsidy: Section 8 Project Based Vouchers for 23 units from the Flint Housing Commission

Completion: In Process

800 East Court Street, Flint, MI

Type: Senior Preservation

Number of Units: 149

Total Development Cost: $23,200,000

Financing: MSHDA 4% LIHTC, Tax Exempt Bonds, HUD 202 Capital Grant, City of Flint HOME, HUD 221(d)(4) Financing

Rental Subsidy: HUD PRAC for all 149 units

Completion: In Process

American Indian Health and Family Services, Detroit, MI

Type: New Markets Tax Credits

Total Development Cost: $21,600,000

Financing: New Markets Tax Credits, Philanthropy, Government, Loan

Completion: March 2026

Auburn Place, Pontiac, MI

Type: Permanent Supportive Housing

Number of Units: 54

Total Development Cost: $25,000,000

Financing: MSHDA 4% LIHTC, MSHDA HCDF, Tax-Exempt Bonds

Rental Subsidy: MSHDA Project Based Vouchers for 30 units and Pontiac Commission Project Based Vouchers for 24 units

Completion: In Process

Beacon Place, Pontiac, MI

Type: Permanent Supportive Housing

Number of Units: 40

Total Development Cost: $13,000,000

Financing: MSHDA 4% LIHTC, Tax-Exempt Bonds

Rental Subsidy: MSHDA Project Based Vouchers for 16 units and Pontiac Housing Commission Project Based Vouchers for 8 units

Completion: In Process

Buersmeyer Manor, Detroit, MI

Type: Permanent Supportive Housing

Number of Units: 35

Total Development Cost: $11,200,000

Financing: MSHDA 4% LIHTC, Detroit HOME, Tax-Exempt Bonds

Rental Subsidy: MSHDA Project Based Vouchers for 23 units

Completion: In Process

Carriage Place, Pontiac, MI

Type: RAD Conversion of Family Public Housing

Number of Units: 234

Total Development Cost: $40,000,000

Financing: MSHDA 4% LIHTC with Tax-Exempt Bonds and MSHDA HOME, Oakland County HOME

Rental Subsidy: Project Based Voucher Contract for all 234 units from the Pontiac Housing Commission

Completion: December 2022

Clay Apartments, Detroit, MI

Type: Permanent Supportive Housing

Number of Units: 42

Total Development Cost: $12,000,000

Financing: MSHDA 9% LIHTC, Detroit HOME, Federal Home Loan Bank AHP, Conventional Financing

Rental Subsidy: MSHDA Project Based Voucher Contract for all 42 units

Completion: October 2020

Coolidge Place, Oak Park, MI

Type: Permanent Supportive Housing/Family Housing

Number of Units: 64

Total Development Cost: $15,000,000

Financing: MSHDA 9% LIHTC, Conventional Financing

Rental Subsidy: MSHDA Project Based Voucher Contract and Section 811 Rental Assistance for 16 Permanent Supportive Housing units

Completion: January 2021

Detroit Horse Power, Detroit, MI

Type: New Markets Tax Credits

Total Development Cost: $12,900,000

Financing: New Markets Tax Credits, Philanthropy, Government, Loan

Completion: December 2025

GRPC II – West Outer Drive, Detroit, MI

Type: Family Housing

Number of Units: 35

Total Development Cost: $9,700,000

Financing: MSHDA 4% LIHTC, MSHDA Bond Financing, Detroit HOME

Completion: In Process

Hartford Terrace, Muskegon, MI

Type: RAD Conversion of Senior/Disabled Public Housing

Number of Units: 165

Total Development Cost: $19,300,000

Financing: MSHDA 9% LIHTC, Conventional Financing, Federal Home Loan Bank of Indianapolis AHP

Rental Subsidy: Section 8 Project Based Vouchers for all 116 units from the Muskegon Housing Commission

Completion: December 2023

Kamper and Stevens Buildings, Detroit, MI

Type: Senior Preservation

Number of Units: 165

Total Development Cost: $27,000,000

Financing: MSHDA 4% LIHTC, Tax-Exempt Bonds, Historic Tax Credits, MSHDA HOME, Detroit HOME

Rental Subsidy: HUD HAP Contract for all 165 units

Completion: January 2019

La Joya Gardens, Detroit, MI

Type: Affordable Multifamily Housing

Number of Units: 53

Total Development Cost: $18,250,000

Financing: MSHDA 9% LIHTC, MSHDA 4% LIHTC, MEDC CRP, Detroit HOME, Conventional Financing

Rental Subsidy: Detroit Housing Commission Project Based Voucher Contract for 8 units

Completion: In Process

Lake Huron Woods Apartments/Cottages, Fort Gratiot, MI

Type: Senior Housing

Number of Units: 45 Independent Living Apartments / 45 Cottages

Total Development Cost: $24,000,000

Financing: MSHDA 4% LIHTC with Tax-Exempt Bonds, MSHDA HOME and MSHDA 9% LIHTC

Rental Subsidy: Section 8 Project Based Vouchers for 26 units from the Port Huron Housing Commission

Completion: In Process

Lee Plaza, Detroit, MI

Type: Senior Housing

Number of Units: 117

Total Development Cost: $70,000,000

Financing: MSHDA 9% LIHTC, MSHDA 4% LIHTC, Historic Tax Credits, Tax Exempt Bonds, Detroit HOME, Detroit ARPA, Detroit CDBG, NSP Funds, HUD 221(d)(4) Financing

Rental Subsidy: HUD Project Based Vouchers for all 115 units via HUD Section 8bb Program

Completion: In Process

Lighthouse – Campus, Pontiac, MI

Type: New Markets Tax Credits

Total Development Cost: $30,000,000

Financing: New Markets Tax Credits, Philanthropy, Government, Loan

Completion: December 2025

Minock Place, Detroit, MI

Type: Senior Housing

Number of Units: 42

Total Development Cost: $22,300,000

Financing: MSHDA 4% LIHTC, MSHDA Bond Financing, Detroit ARPA

Completion: In Process

NSO Bell Building, Detroit, MI

Type: Permanent Supportive Housing

Number of Units: 155

Total Development Cost: $48,000,000

Financing: MSHDA 9% LIHTC, Detroit HOME, Wayne County HOME, CDBG, Historic Tax Credits, Brownfield Tax Credits, New Markets Tax Credits, Foundation and Corporate Philanthropy

Rental Subsidy: MSHDA Project Based Voucher Contract for all 155 units

Completion: November 2012

Parkview Apartments, Traverse City, MI

Type: Senior Housing

Number of Units: 46

Total Development Cost: $14,000,000

Financing: MSHDA 9% LIHTC, MSHDA 4% LIHTC, Tax-Exempt Bonds, MSHDA HOME, Federal Home Loan Bank of Indianapolis AHP

Rental Subsidy: Section 8 Project Based Vouchers for 8 units from the Traverse City Housing Commission

Completion: In Process

Residences at St. Matthew, Detroit, MI

Type: Permanent Supportive Housing

Number of Units: 46

Total Development Cost: $17,300,000

Financing: MSHDA 9% LIHTC, Historic Tax Credits, Detroit HOME, Conventional Financing, Federal Home Loan Bank of Indianapolis AHP

Rental Subsidy: MSHDA Project Based Vouchers for 25 units and City of Detroit Rental Subsidy Reserve for 7 units

Completion: In Process

Riverview Terrace Apartments, Traverse City, MI

Type: RAD Conversion of Senior Public Housing

Number of Units: 115

Total Development Cost: $20,300,000

Financing: MSHDA 4% LIHTC with Tax-Exempt Bonds, MSHDA HOME, Federal Home Loan Bank of Indianapolis AHP

Rental Subsidy: Section 8 Project Based Vouchers for all 115 units from the Traverse City Housing Commission

Completion: December 2023

The Anchor at Mariners Inn, Detroit, MI

Type: Permanent Supportive Housing

Number of Units: 44

Total Development Cost: $18,500,000

Financing: MSHDA 9% LIHTC, MSHDA 4% LIHTC, Tax-Exempt Bonds, Detroit HOME, Conventional Financing

Rental Subsidy: MSHDA Project Based Voucher Contract for all 44 units

Completion: In Process

The Peterboro Arms, Detroit, MI

Type: Permanent Supportive Housing for Families

Number of Units: 56

Total Development Cost: $19,000,000

Financing: MSHDA 9% LIHTC, Historic Tax Credits, Detroit HOME, Conventional Financing

Rental Subsidy: MSHDA Project Based Voucher Contract, Detroit Housing Commission Project Based Voucher Contract and Section 811 Rental Assistance for all 56 units

Completion: April 2021

The Wills Manor, Marysville, MI

Type: Senior Housing

Number of Units: 48

Total Development Cost: $14,500,000

Financing: MSHDA 9% LIHTC, Conventional Financing

Rental Subsidy: Section 8 Project Based Vouchers for 23 units from the Marysville Housing Commission

Completion: In Process

Transfiguration Place, Detroit, MI

Type: Family Housing

Number of Units: 19

Total Development Cost: $7,000,000

Financing: MSHDA 4% LIHTC, Tax-Exempt Bonds, Historic Tax Credits, Detroit HOME

Rental Subsidy: Detroit Housing Commission Project Based Voucher Contract for all 19 units

Completion: In Process

Vista de Socorro, Socorro, New Mexico

Type: Permanent Supportive Housing

Number of Units: 32

Total Development Cost: $8,000,000

Financing: New Mexico MFA 9% LIHTC, New Mexico MFA HOME and Housing Trust Fund, National Housing Trust Fund, Conventional Financing

Rental Subsidy: Section 8 Project Based Vouchers for all 32 units from the El Camino Real Housing Authority

Completion: In Process

VOA St. Mary, Detroit, MI

Type: Permanent Supportive Housing

Number of Units: 61

Total Development Cost: $28,500,000

Financing: MSHDA 9% LIHTC, MSHDA 4% LIHTC, Historic Tax Credits, Detroit HOME, Tax-Exempt Bonds

Rental Subsidy: MSHDA Project Based Vouchers for all 61 units

Completion: In Process