Skyview at Lee rehabilitation financing
Iron Mountain Housing CommissionMichigan- Detected
- Sep 17, 2026
- 47 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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From the meeting
At its September 17, 2026 meeting, MSHDA advanced Skyview at Lee in Detroit from feasibility to commitment and loan authorization. The 65-unit gut rehabilitation of the Lee Plaza upper floors includes a $10,500,000 construction loan, a $2,968,583 permanent loan, and a $4,920,232 HOME subordinate loan. The project also uses a $3,000,000 Invest Detroit Foundation loan, $3,123,170 in historic tax credit equity, and plans for 70 parking spaces.
The construction start was not yet underway in this package, so the lead is still useful as a near-term project pipeline for rehab, historic preservation, and management support.
- Meeting date
- September 17, 2026
- Agency
- Iron Mountain Housing Commission
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