Projects

Hamilton Crossing Phase I & II

Hamilton Crossing Phases I and II are the transformation of the former Parkview Apartments, a boarded-up, derelict property in Ypsilanti, Michigan, into 144 units of family housing.  This property sat essentially vacant for several years until the remaining few tenants sued HUD to force a foreclosure. The YHC had engaged Chesapeake Community Advisors (“CCA”) as the development consultant and CCA worked with the YHC from 2004 to 2010 when the foreclosure and sale to the YHC for $1 finally occurred.

The property was redeveloped in two phases, using both 4% and 9% LIHTC from the Michigan State Housing and Development Authority.  As part of the Parkview Tenants Association settlement agreement, HUD provided an Upfront Grant in the amount of $40,000 per unit and 144 new Section 8 vouchers.  The creative financing structures allowed for the properties to be well reserved for the long term.

The property is primarily townhouse units with full basements.  The substantial renovation included new roofs, windows, HVAC systems, drywall, kitchens and baths and extensive site work and landscaping. Each unit offers the original hardwood floors and in-unit washers and dryers.  A community building on site provides a community room, a computer lab and management offices.

The Phase I property also offers the Family Empowerment Program in partnership with Eastern Michigan University, Washtenaw County, the Washtenaw County United Way and funding through the Kresge Foundation.  This program allows each family to work with the on-site social worker to formulate and individual plan for self-sufficiency.  It brings programs such as after school tutoring, healthy cooking, Zumba and Yoga classes to the site along with job readiness training, access to dental care and summer camp for kids. 

The project was recently awarded the Charles Edson Tax Credit Excellence Award for a HUD Preservation Property.

Specifications

Development Type
21 - 1BR, 78 - 2BR, 45 - 3BR
Number of Units
144
Development Cost
$20M
Location
Ypsilanti, Michigan, Michigan
Project Complete
January 2019
Development Role
Development Consultant
Unit Mix
21 - 1BR, 78 - 2BR, 45 - 3BR
Architect
Fusco, Shaffer & Pappas, Inc.
Contractor
Rhode Construction Company
Developer
Ypsilanti Housing Commission; CCA
Owner
Ypsilanti Housing Commission
Investor
Boston Financial, Cinnaire
Lender
MSHDA, Key Bank, Wahtenaw County, Ypsilanti Housing Commission

What Others Are Saying About Us

We were aspiring to take one of our HUD projects through a LIHTC transaction to receive much needed rehab of a senior building in Detroit.  We weren't equipped to handle the process ourselves and not knowing where to turn, CCA came highly recommended by a colleague.  We haven't looked back since.  David Prout and the CCA team guided us and the nonprofit owners through the full development process.  They took the worries out of our hands and led us down the path.  Their vast knowledge of the LIHTC process; working with he governmental agencies; obtaining LP investors and the smooth construction process during the tenant in place rehabs were over the top.  They are true leaders in the industry.  We have since taken three other projects through the process and another in the pipline.