415 Franklin

415 Franklin is a comprehensive redevelopment of a historic, 3-story school building located in southeast Grand Rapids. Constructed in phases beginning in 1892, 415 Franklin was previously the home of Grand Rapids Christian High School and later used by the Michigan Department of Human Services until it was vacated around 2009. This redevelopment has 3 distinct uses that were incorporated within this one building that used to stand vacant and unused. (1) LIHTC affordable housing (2) nonprofit office space (2) worship space. Through a partnership with Madison Square Church, the Inner City Christian Federation and Chesapeake Community Advisors were the development team that developed the space for 2 of these 3 building uses. On floors 2 and 3, there are 41 units of affordable housing. On the first floor, separated from Madison Square Church’s space, there is approximately 10,000 square feet of community service facility space, in which Inner City Christian Federation occupies as their office space.

In partnership with the prior owner, Madison Square Church, ICCF envisions 415 Franklin as a catalyst for truly equitable community transformation. Housing + services + worship under one roof. A mixed-use building that is vibrant and active and engaging at all hours of the day; a walkable, beautiful, safe place that evokes a sense of community pride and investment. The rebirth of a historic building and a rewriting of a story marked by disinvestment. 415 Franklin has been repurposed to promote equity, offer new housing opportunities, and stimulate reinvestment in this community in ways that are inclusive.

On the ground floor of 415 Franklin, an outreach program of Madison Square Church will occupy approximately 14,000 sq. ft., offering designated spaces for worship, fellowship, and childcare opportunities. The church has retained ownership of this first floor space as an individual condominium unit. Separate from the church space, approximately 10,000 sq. ft. of the first floor will be dedicated as a community service facility that primarily serves low income households (80% AMI and below) as permitted by the IRS tax code, as 415 Franklin is located within a Qualified Census Tract. The services offered will focus on education, counseling, and training that improves the lives of community residents.

On the second and third floors, across approximately 43,000 square feet of floor space, forty (41) new affordable housing units will serve households at or below 80% of area median income. Of the forty (41) housing units, thirty-one (32) will be one-bedroom units and nine (9) will be two-bedroom units. One of the one-bedroom units will be a non-revenue on-site manager’s unit. A community space will be incorporated on the 3rd floor, accessible for the benefit of all residents of the apartments.


Development Type
Number of Units
Development Cost
Grand Rapids, Michigan
Project Start
January 2019
Project Complete
January 2020
Development Role
Development Consultant, General Partner, Long-Term Asset, Co-Developer
Unit Mix
Rockford Construction Company
Huntington National Bank

What Others Are Saying About Us

We have worked on numerous types of financing with Chesapeake Community Advisors over the past ten years.  They have ranged from FHA mark-to-market loans to Fannie Mae financing with various levels of renovations on  developments across the country.  What we have found is that there are very few advisors and partners like CCA who have the expertise to guide a deal literally from day one when looking at the feasibility of a deal  through to the construction and lease-up of a property.  We value working with CCA for their knowledge, ingenuity, dedication and hard work to come up with the best possible outcome for their partners and residents.