Carpenter Place
Carpenter Place Apartments was built in 1981 and was originally financed under Section 221(d)(4). The community includes 151 one bedroom apartments for elderly and disabled residents. All of the apartments are covered by Section 8 project-based subsidy. Carpenter Place is located near shopping, health-care services, and public transportation.
Carpenter Place
3400 Carpenter Road
Ypsilanti, Michigan 48197
Phone: (734) 973 8377
Fax: (743) 973 8310
Office Hours: M-F 9:00 am-5:00 pm
Preservation Transaction Description
First Mortgage Financing: Tax Exempt Bonds issued through MSHDA's Pass-Through Program.
Equity Financing: Equity raised through 4% low income housing tax credits.
Section 8 Contract Renewal: Yes - A long-term Section 8 HAP contract is in place.
Property Rehabilitation Scope
$2.4 million in total rehabilitation funding including:
- kitchen cabinets, appliances and flooring
- bathroom vanities, lavatories & flooring
- apartment carpeting
- new HVAC system
- new windows
- new exterior siding and roof
Other Benefits for Residents and the Community
Resident Services Program.
Development Partners
Allocating Agency
Michigan State Housing Development Authority
Local HUD Office
HUD Detroit
Municipality
Pittsfield Township
First Mortgage Lender
Michigan State Housing Development Authority
Tax Credit Investor
SunAmerica Affordable Housing Partners, Inc.
Legal Counsel
Honigman, Miller, Schwartz & Cohn LLP
Architect
Progressive Associates
General Contractor
G. Fisher Construction
