New Center Pavilion

Location:

675 Seward Ave. Detroit, MI

Community:

New Center Pavilion offers 1 and 2 bedroom apartment homes for low income families in the New Center area of Detroit. The property provides views of the surrounding area and includes a secured entry and monitored lobby, on-site laundry, balconies on certain units, and ceiling fans. The property was renovated upon acquisition and a new low-income subsidy was put into place to maintain affordability for low-income residents.

Community Served:

76 Family Apartments All households at or below 60% AMI

Total project cost: $6,251,000 LIHTC / Cinnaire Investment Corp Mortgage / Cinnaire Corp Mortgage

Developer/Role:

Ginosko Development Company (2006-2007)

Acquisition | Financing | Construction Oversight | Asset Management | Resident Engagement | Development Team Formation and Administration

Owner Entity:

NCP LDHA, LP

Development Team:

Ginosko Development Company | Great Lakes Capital Fund | KMG Prestige, Inc. | Economides Architects | RBS Construction| Warren T. Dean