Parkview Apartments | Traverse City, Michigan
Senior
700 East Court Street, Flint, MI
Type: Senior Preservation
Number of Units: 119
Total Development Cost: $22,200,000
Financing: MSHDA 9% LIHTC, Philanthropy, Conventional Financing
Rental Subsidy: Section 8 Project Based Vouchers for 23 units from the Flint Housing Commission
Completion: In Process
800 East Court Street, Flint, MI
Type: Senior Preservation
Number of Units: 149
Total Development Cost: $23,200,000
Financing: MSHDA 4% LIHTC, Tax Exempt Bonds, HUD 202 Capital Grant, City of Flint HOME, HUD 221(d)(4) Financing
Rental Subsidy: HUD PRAC for all 149 units
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
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
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
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 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