Since 2001, we have developed more than 832 units of housing using a variety of resources, including:
- HUD Supportive Housing Program funding
- HOME Investment Partnerships Program funding
- The Section 811 Housing for Persons with Disabilities Program
- Federal Home Loan Bank Affordable Housing Program grant funding
- Michigan State Housing Development Authority (MSHDA) program funding
- Additional national and local resources
Since 2011, 188 of these 834 housing units have been, or are being, developed utilizing $47.7 million in housing tax credits.
2016 – Jefferson Oaks, Oak Park, 60 new apartments and townhomes with 21 supportive housing units, $15.8 million tax credit reservation. Groundbreaking expected early 2017 with occupancy beginning early 2018.
2016 – Unity Park Rentals, Phase 2, Pontiac, 12 new homes with six supportive housing units, $3.2 million tax credit reservation. Construction began fall 2016 with occupancy beginning spring 2017.
2015 – Unity Park Rentals, Phase 3, Pontiac, 12 new homes with six supportive housing units, $3.2 million tax credit reservation. Construction began early 2016 with occupancy beginning October 2016.
2014 – Grafton Townhomes, Eastpointe, 48 townhomes with 12 supportive housing units, $11 million tax credit reservation. Groundbreaking was in May 2015, occupancy began December 2015.
2013 – Unity Park Rentals, Pontiac, 32 new homes with eight supportive housing units, $9 million tax credit reservation. Groundbreaking was in the fall of 2014, occupancy completed in 2015.
2011 – Palmer Pointe Townhomes, Pontiac, 24 townhomes with nine supportive housing units, $5.5 million tax credit reservation. Groundbreaking was in fall of 2011, occupancy completed fall of 2012.
Housing tax credits are a complex but effective way to develop affordable housing. Learn more about them through this video created by our community partners at CEDAM (Community Economic Development Association of Michigan.)
