More than $18.9 million in federal 9% low-income housing tax credits have been reserved to support the creation or preservation of 603 affordable housing units in Michigan.
The homes are in 13 developments in nine Michigan communities.
"Creating affordable housing has become increasingly challenging as construction costs, financing gaps and market pressures continue to grow," said Tony Lentych, chief housing investment officer at the Michigan State Housing Development Authority (MSHDA). "These awards will help bridge those gaps, leverage additional investment, and create more than 600 new homes for Michigan residents. Each development represents a partnership and a long-term investment in the strength and economic stability of its community."
The developments will serve a variety of housing needs, including permanent supportive housing for individuals and families experiencing homelessness, affordable housing for seniors, workforce housing, and new opportunities in rural, urban, and tribal communities.
The following developments received LIHTC allocations:
- 75 Scott in Monroe ($1.65 million award): Sponsored by Woda Cooper Development and Community Reimagined, this new permanent supportive housing development will create 42 one- and two-bedroom units for households earning up to 60% of the area median income (AMI). Twenty-one units will be designated as permanent supportive housing and are expected to receive rental assistance through MSHDA or the Taylor Housing Commission. The development is expected to create 63 temporary jobs and two permanent positions;
- 848 Division in Grand Rapids ($1.47 million award): Sponsored by Samaritas, United Methodist Community Housing and the Grand Rapids Housing Commission, this development will create 46 affordable one- and two-bedroom units for households earning up to 60% of the AMI. The project is expected to create 13 permanent jobs and three temporary jobs;
- Alice Birney Townhomes in Detroit ($1.41 million award): Sponsored by Wallick Development, Presbyterian Villages of Michigan, and Hope Village Homes, this development will create 52 affordable one-, two-, and three-bedroom units for households earning 30%, 50%, and 60% of the AMI. The project is expected to create 60 temporary jobs and two permanent positions;
- Allegan Terrace in Allegan ($1.48 million award): Sponsored by Woda Cooper Development and KZR Properties, this development will create 44 one- and two-bedroom units for households earning 30%, 40%, and 80% of the AMI. The project is expected to create 66 temporary jobs and two permanent positions;
- Archdale Senior Apartments in Detroit ($1.38 million award): Sponsored by CHN Housing Partners and Cody Rouge Community Action Alliance, this senior housing development will create 53 one- and two-bedroom units for households earning 30%, 50%, and 60% of the AMI. The project is expected to create 75 temporary jobs and three permanent positions;
- Belleview Village in Detroit ($1.12 million award): Sponsored by Church of the Messiah Housing Corp. and Capital Area Housing Partnership, this permanent supportive housing development will create 35 affordable units, including studio, one-, two-, and three-bedroom apartments. Fifteen units will be designated as permanent supportive housing and supported through MSHDA rental assistance. Six additional units will receive rental assistance through the Taylor Housing Commission. The project is expected to create 113 temporary jobs and two permanent positions;
- GTB LIHTC #3 in Traverse City ($1.1 million award): Sponsored by the Grand Traverse Band of Ottawa and Chippewa Indians, this third phase of a larger housing initiative will create 36 affordable rental units and single-family homes. All rental units will be supported through tribal rental assistance. The project is expected to create approximately 120 temporary jobs and two permanent positions;
- Newmarket Commons I in Bay City ($1.65 million award): Sponsored by MHT Housing and the Bay City Housing Commission, this development will create 60 affordable units for households earning up to 60% of the AMI. All units will receive Section 8 rental assistance. The project is expected to create 75 temporary jobs and two permanent positions;
- Newmarket Commons II in Bay City ($1.65 million award): The second phase of the Newmarket Commons initiative will add 60 affordable apartments for households earning up to 60% of the AMI. All units will receive Section 8 rental assistance. The project is expected to create approximately 75 temporary jobs and two permanent positions;
- Robin Crest in Port Huron ($1.61 million award): Sponsored by Woda Cooper Development and Union Properties Construction, this permanent supportive housing development will create 48 one- and two-bedroom units for households earning 30%, 60%, and 70% of the AMI. Twenty-four units will be designated as permanent supportive housing and supported through rental assistance. The project is expected to create 72 temporary jobs and two permanent positions;
- Sault Tribe Housing Authority PSH in Sault Ste. Marie ($1.37 million award): Sponsored by the Housing Authority of the Sault Ste. Marie Tribe of Chippewa Indians, this development will create 36 permanent supportive housing units for households earning up to 30% of the AMI. All units are expected to receive rental assistance through MSHDA. The project is expected to create at least 120 temporary jobs and two permanent positions;
- Sunset Grove at South Haven in South Haven Township ($1.37 million award): Sponsored by Samaritas, Senior Services of Van Buren County, and Pinnacle Ventures, this development will create 42 affordable senior housing units serving households earning between 20% and 80% of the AMI. The project is expected to create temporary and permanent jobs while expanding housing options for older adults; and
- Vision in Grand Rapids ($1.65 million): Sponsored by Pivotal Development and the Grand Rapids Housing Commission, this senior housing development will create 49 affordable units for households earning between 50% and 80% of the AMI. Thirty-eight units will receive rental assistance. The project is expected to create approximately 125 temporary jobs and two permanent positions.