Devon Square

Location:

1225 Orchard Ave. Ferndale, MI

Community:

Devon Square offers apartments homes for low income families and senior citizens in Ferndale, Michigan. The property offers 1 bedroom apartments to seniors and 2 bedroom apartments to families, as well as an on-site playground. It also offers secure entryways, on-site management, on-site laundry, and is near a bus route.

Community Served:

12 Family Apartments, 48 Senior Apartments All family households at or below 45% AMI / All senior households at or below 60% AMI

Total project cost:

$7,659,000 LIHTC / TCAP Loan A / TCAP Loan B / MSHDA / Sellers Note

Developer/Role:

Ginosko Development Company (2010) Acquisition | Financing | Construction Oversight | Asset Management | Resident Engagement | Development Team Formation and Administration

Owner Entity:

GDC-DS LDHA, LP

Development Team:

Ginosko Development Company | KMG Prestige, Inc.| Economides & Associates | Rohde Construction | Loomis