About Ginosko

Ginosko Development Company (GDC) is a rapidly growing family of companies involved in all aspects of multi-family residential housing development, construction, ownership and management. Although the organization was formed in 2002, the roots of its dedication to quality housing reach back more than half a century. Founded by Amin Irving and John Hayes, Ginosko Development Company began by recognizing the growing demands of preserving and establishing safe, sophisticated, quality residences for the full-spectrum of socio-economic households.

Our History

  • 2019: Awarded three 9% LIHTC deals in the April competitive round. All three are innovative 4%/9% hybrid LIHTC deals maximizing the credit efficiency and delivery of affordable housing units to Michigan.
  • 2018: Successfully closed a private equity market rate deal located in an Opportunity Zone, the project is one of the first in Michigan to utilize OZ benefits for investors.
  • 2018: Successfully closed a private equity market rate deal located near St. Louis in Belleville, Illinois.
  • 2018: Purchased a 100% interest in a 52-unit 100% project-based Section 8 apartment complex in Lansing, Michigan.
  • 2017: Executed the first 4%/9% hybrid LIHTC deal in the State of Michigan. A 200-unit Rental Assistance Demonstration (RAD Component 1) conversion in Ecorse, Michigan.
  • 2016: Closed on 100% Section 8 preservation 202-unit senior housing deal in Ann Arbor, Michigan.
  • 2016: Closed on 100% Section 8 Rental Assistance Demonstration (RAD Component 2) 100-unit preservation deal in Sault Ste. Marie, Michigan.
  • January 2015: Acquired 126-unit market rate multi-family apartment complex in Inkster, Michigan.
  • July 2014: Awarded 4% LIHTC reservation, $10.5 million in tax exempt bond financing, $4.2 million in HOME funds, and $1 million in MSHDA Preservation funds for a 150-unit mixed-income development in Grand Rapids, Michigan.
  • February 2014 Funding Round: Awarded $1,500,000 9% LIHTC reservation for 200-unit RAD deal in Ecorse, Michigan.
  • December 2013: Historic rehab of 47-unit apartment complex in Detroit, Michigan.
  • May 2013: Ginosko Development Company expands into larger office complex to accommodate for more growth.
  • December 2012: Awarded additional $1.75 Million in City HOME Funds.
  • August 2012: Admitted our new CFO, Mary Tischler, CPA, into the GDC group of companies as a business owner/partner.
  • June 2012: Awarded over $4 Million in American Recovery and Reinvestment Act funds.
  • May 2012: Purchased 10 Apartment Complexes throughout the State of Michigan.
  • December 2011: Purchased 305-unit apartment community in Detroit, Michigan.
  • December 2011: Awarded $3.0 Million in City HOME Funds.
  • June 2011: Awarded Enterprise Community Partners GREEN Grant.
  • December 2010: Awarded $20 Million in Neighborhood Stabilization Funds.
  • December 2010: Purchased another 100-unit high-rise in Chicago, Illinois.
  • December 2010: Purchased 100-unit high-rise apartment building in Chicago, Illinois.
  • December 2010: Awarded over $10 Million in American Recovery and Reinvestment Act funds.
  • December 2010: Award over $2.7 Million in Brownfield Tax Credit Equity.
  • August 2010: GDC purchased 225 units in Pontiac, Michigan.
  • March 2010: GDC purchased 71 units in Detroit, Michigan.
  • February 2010: GDC purchased 60 units in Ferndale, Michigan.
  • December 2009: GDC awarded over $3 Million in HOME funds.
  • December 2009: GDC awarded over $6.3 Million in American Recovery and Reinvestment Act funds.
  • October 2009: GDC awarded over $2.9 Million in American Recovery and Reinvestment Act funds.
  • August 2009: GDC obtained site control over 60 units in Michigan.
  • November 2008: GDC awarded over $1.7 Million in City HOME funds.
  • September 2008: GDC awarded over $10 Million in Tax Credits.
  • September 2008: Amin Irving recognized as Crain’s Detroit Business Top 40 Business Person’s Under 40 Years Old (He was only 31).
  • April 2008: GDC obtained site control over two 100-unit apartment complexes in Chicago, Illinois.
  • April 2008: GDC awarded over $3.4 Million in Tax Credits.
  • November 2007: GDC obtained site control over a 71-unit apartment complex in Detroit, Michigan.
  • October 2007: Ginosko Development Company expands into larger office complex to accommodate for rapid growth.
  • February 2007: GDC successfully obtains nearly a Quarter Million from City Proceeds.
  • January 2007: GDC secured site control over a 60-unit property in Michigan.
  • November 2006: GDC closes a $6.25M deal to rehabilitate/own a 76-unit apartment building in the New Center Area of Detroit.
  • September 2006: Obtained $1 Million from the United States Department of Agriculture.
  • April 2006: GDC closes on a 30 Scatter Site Home project in Ohio totaling $5.34M.
  • December 2005: GDC received an award of $3,459,000 in Tax Credits.
  • May 2005: GDC secured site control over a 76-unit property in Detroit, Michigan.
  • September 2005: GDC received a reservation of over $2 Million in Tax Credits.
  • August 2005: GDC closes a $7.87M real estate transaction.
  • June 2005: GDC successfully implemented a 14% increase in rents increasing property value over $400,000.
  • June 2005: GDC was approved by HUD to decouple a 236(e)2 Interest Reduction Payments.
  • July 2004: GDC was awarded $200,000 in development proceeds.
  • September 2003: GDC obtained site control over its first property in Battle Creek Michigan known as Springview Tower, a 175-unit apartment complex.