Coogan Terrace

The Coogan Terrace project is the rehabilitation of 199 existing public housing units located in Melvindale, Michigan.  The existing ten story building consists of eight residential floors and the ninth floor contains boilers and the tenth floor is the elevator control tower/room.  The building, Additionally the building includes common facilities such as a community room, a library and computer room, a resident services coordinator office and management offices on the first floor. 

The building, originally built in 1984, is in need of updating to improve resident safety and energy efficiency.  Units will receive new kitchens and bathrooms, flooring, doors, and windows, if not recently replaced.  The elevators will be refurbished and the roof repaired.  Safety improvements include replacement of tubs in the barrier free units with showers and replacement of potentially unsafe unit breaker panels.  The rehabilitation will meet Enterprise Green Standards.   Ample parking is provided in a surface lot which is on three sides of the building.  There are 146 parking spaces.

The project is the conversion of public housing through HUD’s Rental Assistance Demonstration (RAD) Program.  Due to the low rents of the RAD Program, the project is financed with a small first mortgage from Capital Impact Partners, a mix of the remaining capital and public housing reserve funds provided by HUD to the sponsor Melvindale Housing Commission, and 9% tax credits from Cinnaire.  All financing and loans were closed in May 2019.  The project is currently under construction.


Development Type
1 Bedrooms
Number of Units
Development Cost
Melvindale, Michigan
Development Role
Development Consultant and Co-General Partner
Unit Mix
1 Bedrooms
Robert C Wakely, AIA
G. Fisher Construction Company
Melvindale Housing Commission
Coogan Terrace LDHA Limited Partnership
Capital Impact Partners

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.