NSO Bell Building | Detroit, Michigan
Permanent Supportive Housing
Permanent Supportive Housing (PSH) provides affordable housing for those who are homeless, are at risk of homelessness, and/or have a disability. PSH offers case management which involves services such as life skills training, educational programs, and assistance with access to behavioral health services and health care. The Ethos team has extensive experience working with nonprofit service providers to utilize financing sources such as Low-Income Housing Tax Credits, Federal Historic Tax Credits, HOME, and Project Based Vouchers to develop this critically needed 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: April 2025
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: December 2024
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: May 2025
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