NSO Bell Building | Detroit, Michigan
Permanent Supportive Housing
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
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
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 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
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