Trending...
- Igniting High-Growth Transformation With Launch of XMax AI Subsidiary, Leveraging Global Furniture Dominance to Enter Explosive AI Markets: XMax Inc - 103
- Sycor Introduces Spring Release 2026 of Sycor.Rental with AI-Driven Innovations and Enhanced Service Processes
- Special Alert! Highly Undervalued Stock: $317M Revenue in 2025 for Telecom Leader IQSTEL, Inc. (N A S D A Q: IQST)
Media contacts: Katie Bach, Bachk@michigan.gov
Tracey Houston, HoustonT1@michigan.gov
LANSING, Mich. -- The Michigan State Housing Development Authority Board made major investments today to advance six affordable housing projects across the state.
During its regular meeting, the board approved $146 million in overall investments that will create or preserve more than 900 apartments for seniors, individuals, and families with low and moderate incomes.
"These investments will help improve the rental housing landscape across Michigan and preserve affordable housing for years to come," said Jeff Donofrio, MSHDA Board chair and director of the state Department of Labor and Economic Opportunity. "The mix of new construction and property renovations will also create hundreds of jobs. In this time of economic uncertainty, MSHDA must do all we can to stimulate the economy and provide affordable housing to Michiganders who need it most."
The board approved a $25 million loan to Herman & Kittle Properties, Inc., to build CityLine Apartments, new construction of a 240-unit housing development in the city of Kentwood.
More on Michimich.com
All apartments will be reserved for tenants with low incomes, serving those at or below 60% of the Area Median Income (AMI).
The board also approved mortgage loans allowing the Pontiac Housing Commission to rehabilitate and convert its public housing development, Carriage Place Apartments, into a Section 8 development under the Rental Assistance Demonstration program. The 234 units, as well as the common areas and grounds will be completely remodeled.
The upgrades have been widely supported by local units of government.
"This is a win for the residents and the community," said Gary Heidel, MSHDA acting executive director. "It will provide for the preservation of the development, extend the affordability of apartments for residents for another 50 years, enable necessary in-unit improvements, and further extend the beautification to the common areas and grounds around the property."
To further enhance statewide rental development, the board adopted resolutions to authorize mortgage loans for several other projects, including:
Tracey Houston, HoustonT1@michigan.gov
LANSING, Mich. -- The Michigan State Housing Development Authority Board made major investments today to advance six affordable housing projects across the state.
During its regular meeting, the board approved $146 million in overall investments that will create or preserve more than 900 apartments for seniors, individuals, and families with low and moderate incomes.
"These investments will help improve the rental housing landscape across Michigan and preserve affordable housing for years to come," said Jeff Donofrio, MSHDA Board chair and director of the state Department of Labor and Economic Opportunity. "The mix of new construction and property renovations will also create hundreds of jobs. In this time of economic uncertainty, MSHDA must do all we can to stimulate the economy and provide affordable housing to Michiganders who need it most."
The board approved a $25 million loan to Herman & Kittle Properties, Inc., to build CityLine Apartments, new construction of a 240-unit housing development in the city of Kentwood.
More on Michimich.com
- Financial Educator Jessica Perrone Launches Free "3 Stages of Building Wealth" Course for Women
- Captain Notepad Expands Free Custom Design Services Across Full Product Line
- Sycor Introduces Spring Release 2026 of Sycor.Rental with AI-Driven Innovations and Enhanced Service Processes
- YOKE Expands NIL Club Into Athlete-Led Commerce With Athlete Merch Launch
- Floor Kings Announces Official Launch of Premier Epoxy Flooring Services Across Arizona
All apartments will be reserved for tenants with low incomes, serving those at or below 60% of the Area Median Income (AMI).
The board also approved mortgage loans allowing the Pontiac Housing Commission to rehabilitate and convert its public housing development, Carriage Place Apartments, into a Section 8 development under the Rental Assistance Demonstration program. The 234 units, as well as the common areas and grounds will be completely remodeled.
The upgrades have been widely supported by local units of government.
"This is a win for the residents and the community," said Gary Heidel, MSHDA acting executive director. "It will provide for the preservation of the development, extend the affordability of apartments for residents for another 50 years, enable necessary in-unit improvements, and further extend the beautification to the common areas and grounds around the property."
To further enhance statewide rental development, the board adopted resolutions to authorize mortgage loans for several other projects, including:
- HOM Flats at Felch Street, Holland Township/Ottawa County, $21 million, 114 family units
- The Marwood, Detroit/Wayne County, $17.5 million, 71 affordable units
- Village at LaFranier Woods, Garfield Township, Grand Traverse County, $26 million, 115 units – 59 affordable, 55 market rate, one manager unit
- Westchester Village South, City of Saginaw/Saginaw Township, Saginaw County, $18 million, 149 affordable senior units
0 Comments
Latest on Michimich.com
- CENTURY 21 Circle Expands into Michigan with New Sparta Office
- Su Che Publishing Announces New Children's Book Celebrating Vaisakhi Festival
- Permian Museum Adds Photos of Fossils Discovered on a Meteorite
- This Saturday: Open House for Manalapan's Newest Single Family Home Community
- Radarsign™ Awarded Sourcewell Contract Expanding Access to Traffic Safety Solutions
- MainConcept and NETINT Bring VPU Acceleration to Easy Video API
- Larry R. Wasion's Jump Gate 2: Teleporter Expands the Time Travel Universe with High-Stakes Action and Ethical Dilemmas
- Bruce A. Rosenblat Releases A Pocket Full of Change, a Sharp, Thought-Provoking Book on Growth, Perspective, and Personal Change
- Marcus Boyd Announces Upcoming Children's Book The Royal World of Autism and Expands His Global Advocacy for Autism Awareness
- Phuket Bike Week Rebrands as Hard Rock Cafe Phuket Bike Week Under Landmark 5-Year Partnership
- HandyPro Handyman Farmington Hills Expands Commercial Service Menu to Offer Eco Grip Floors
- L2 Aviation Appoints Tony Bailey as President and Chief Operating Officer
- Pieter Bouterse Studio Founder to Retire After 40+ Years; Seeks Successor to Continue Legacy
- #WeAreGreekWarriors Opening Reception Packs the House
- Mensa Brings National Board Game Competition to Northern Virginia April 16-19
- Custom Device Holder Company Helps POS Thrive on the Beach!
- Custom Glass Manufacturer in Novi Explains Channels and Clips for Shower Doors
- Ann Arbor Chiropractor Explains how Specific Structural Care Helps Arm & Shoulder Pain
- Alumi-Span Docks Celebrates 70 Years of Business, Highlights the Advantages of Anodized Aluminum
- Special Alert! Highly Undervalued Stock: $317M Revenue in 2025 for Telecom Leader IQSTEL, Inc. (N A S D A Q: IQST)