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Two Affordable Housing Projects Move Forward

September 10, 2012
Two Affordable Housing Projects Move Forward

A pair of Garfield Township housing projects stalled by the lagging economy are back on track, the developer tells The Ticker.

Brookside Commons, a 72-unit apartment complex, is planned for the corner of Long Lake and Zimmerman roads.

The second project, built about three decades ago, is the Boardman Lake Apartments, a 112-unit complex that sits on the west side of the lake off of Veterans Drive.

Both are being developed by The Woda Group LLC, an Ohio-based organization with extensive experience in building and managing low-income housing projects, including Patterson Crossing in Frankfort.

Woda has applied for tax credits through the Michigan State Housing Development Authority, which provides developers tax credits that they in turn sell to subsidize the cost of construction.

Garfield Township officials recently have provided Woda with a resolution of support, according to deputy planner Brian Vandenbrand. “Since the township had previously approved the project, it was pretty much a moot point,” he explains. “But it does enhance their application to MSHDA a bit.”

Both projects have already been granted a “payment in lieu of taxes” (PILOT) by the township. Instead of paying a millage rate based on the property’s assessed value, the developers would pay the township 4 percent of its gross rent receipts.

“We should know about the funding (for Brookside Commons) by Thanksgiving,” says Craig Patterson, senior VP of development for Woda. “It takes that long for MSHDA to sort through the applications.”

If the funding is approved by MSHDA, the Boardman Lake apartment renovation project could begin immediately, according to Patterson. The aging apartments are in need of updating.

“Boardman Lake Apartments is shovel ready,” he says. “The minute we get approval, we can go. Once funding is in place, we expect work to be fully complete by Dec. 2013.”

All of the apartments in the complex would be renovated, and a new community building would be built to provide a gathering place for residents. “We want to make a community there,” adds Patterson. “Those units were built in the early ’80s, and our tastes have changed since then.”

There also is a commercial project planned adjacent to Brookside Commons, but no details on it were available from its developer Scott Norris.

Founded in 1990, Woda owns and manages more than 160 properties with approximately 6,000 units in 11 states. The company has developed more than 6,000 units, largely for families and seniors, their target markets.

Most Recent Comments

 
David H. Goldsmith on October 27, 2012 7:43pm

This is great news!

Julie on September 11, 2012 7:25pm

I, too am concerned with a low-income apartment complex almost in my backyard; traffic on Long Lake Road now is horrendous. I can't imagine another 75+ cars coming onto it daily - especially during rush hour. Just another reason for us to move to the east side, I guess.

Cheryl on September 11, 2012 10:13am

I feel bad for the current ma and pa owners of low-unit apartment/duplexes who have invested their hard earned money, and now have to compete with "low-income" rental rates, hope they can still make their mortgages and pay their property taxes. I bet those folks will start putting their property on the market. TC does need afforadable housing for service workers and teachers, but there is govt. funded housing already available...yes, they are older...so what is going to happen to those buildings?

deb on September 11, 2012 9:38am

Well, if there's one thing we should be concerned about it is that taxpayer subsidized housing should, above all, be 'tasteful'.

Katie on September 10, 2012 5:34pm

Folks, we all hear much concern about how TC has been taken over by 'rich downstate people', and is becoming like Aspen, CO., in that every-day working people work here but cannot afford to live here. Not a good deal for anybody. So, here is something to help address those issues, helping out some people directly and everyone indirectly (a more inclusive, diverse city). We should be happy about it. Very narrow-minded to be opposed to low-income housing.....these are people who work in retail shops, restaurants, and hotels, perhaps also teachers & firemen! Good people!

Bizzle on September 10, 2012 5:27pm

The Boardman Lake Apartments aren't on the lake - they are between Veterans Drive and Cass Road.

Mary on September 10, 2012 2:11pm

Wow, I'm all for affordable housing, however we've been self-employed all our lives & busting our butts & now not doing well due to the economy-we could never, not in our hey-day of working, afford to live on the water. "Must be nice!"

Jim on September 10, 2012 11:40am

I live in this area and would be STRONGLY oppossed to the development of a Low Income Apartment Complex in my back yard. Why weren't the residents who recently purchased property here informed?

zackf on September 10, 2012 11:21am

This is corporate welfare. "tax credits through the Michigan State Housing Development Authority, which provides developers tax credits that they in turn sell to subsidize the cost of construction." and "Both projects have already been granted a “payment in lieu of taxes” (PILOT) by the township. Instead of paying a millage rate based on the property’s assessed value, the developers would pay the township 4 percent of its gross rent receipts."

Let developers build to meet market demands instead of handing them public resources Solyndra style.

Julie on September 10, 2012 10:58am

This will be a great thing for the community if properly
monitered every month.
Young families and /or single parent homes
need to be safe from the bad habits of others.
The only concern is it becoming a haven for the consumption
and selling of drugs. There a a few income based facilities
in TC now and that is what has or is happening with them.

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