News/Events

Developers Close on Financing for Mixed-Income Development in Michigan

Posted: November 3, 2020

The development of a 160-unit mixed-income apartment community took a step forward in Wyoming, Michigan.

Berkadia Affordable announced it has closed on the financing for HŌM Flats at 28 West Phase 2. The development will provide 132 units of affordable workforce housing and 28 market-rate units to families in a working-class suburb of Grand Rapids.

The transaction is the first deal in the state for Berkadia Affordable’s low-income housing tax credit (LIHTC) syndication team.

“Berkadia Affordable is excited to support this development and our first LIHTC equity transaction in Michigan, expanding our portfolio to 34 states,” says managing director Andrew Anania.

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