Carriage Place | Pontiac, Michigan
Public Housing / HUD RAD Conversion
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
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
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
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
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
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