![]() ![]() Woda Management & Real Estate is providing onsite management and maintenance as well as assisting residents who are moving into the property. was the architect, and Woda Construction Inc. Cedar Rapids Bank & Trust provided a permanent mortgage, and First National Bank of America provided a construction loan. Syndicator Marble Cliff Capital provided equity financing by purchasing the tax credits. Monthly rents range from $391 to $1,175, depending on income restriction and size of unit.įinancing for the $13.9 million development came from Low-Income Housing Tax Credits allocated by Michigan State Housing Development Authority through its Qualified Allocation Plan, which aims to identify where affordable housing is most needed in the state. Eight units have rental assistance through project-based vouchers awarded by the Lansing Housing Commission. There are five units for residents with physical disabilities and one unit for sight and hearing disabilities. Units are reserved for those who earn 30 to 80 percent of the area median income. LOCAL Police ID man who died during Knob Hill Apartments fire, community raises over 110K to help tenants Bryce Airgood Lansing State Journal 0:00 0:27 OKEMOS Meridian Township police have. The 49-unit affordable housing community is comprised of two buildings and features amenities such as a multipurpose room, laundry facility, playground and picnic area. has opened Woodward Way Apartments in Meridian Township, just east of Lansing. ![]()
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