Lee Plaza | Detroit, Michigan
Historic
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
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
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
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
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
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
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