Coolidge Place | Oak Park, Michigan
New Construction
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
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
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
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
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
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
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