Michigan State Housing Development Authority
Media Contact: Misty Miller
517-373-1858 | email@example.com
May 10, 2018
Portland, MICH. – Old School Manor, a former Portland school building, has been transformed into affordable housing for working families by Woda Cooper Companies, Inc. using Low-Income Housing Tax Credits (LIHTC) from the Michigan State Housing Development Authority.
“Revitalizing this historic site into stable, affordable housing will create new possibilities for local residents,” said Lt. Gov. Brian Calley. “It’s great to see a project like this come to fruition in my hometown of Portland. Congratulations to everyone who made this project a reality.”
A ribbon-cutting ceremony this morning included remarks from community leaders, representatives of the developer, state housing leaders and other supporters.
“Portland School Apartments is a shining example of what is possible through strong public-private partnerships with the end goal of creating quality affordable housing Michigan residents want and need,” said Earl Poleski, executive director at MSHDA.
The primary source of funding for the new development was provided by MSHDA in the form of a $5.4 million federal LIHTC allocation. The historic renovation cost $7.42 million to adapt the 1919 school building into 29 modern, high-quality apartments, while maintaining its vintage character and architectural integrity.
The new one-, two- and three-bedroom units boast open-concept layouts, contemporary finishes and many green features such as energy-saving windows and appliances. Some units offer universal design suitable for physically disabled residents. Modern amenities including a large community room, fitness center, outdoor BBQ space, off-street parking and a new bus stop out in front are also high points for these apartments. The nearby Brush Street Park features updated park equipment donated and installed by Woda Cooper at the onset of restoration of the school.
A representative of the developer said the apartments are designed for residents who earn 30-60 percent of the area’s median gross income, with rents ranging from $388 to $709 per month.