Autumn Ridge Sterling Heights rehab
Michigan State Housing Development AuthorityMichigan- Detected
- Jul 16, 2026
- 114 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
MSHDA approved a loan commitment and bond issuance of up to $38 million for Autumn Ridge in Sterling Heights, backing a $60.8 million acquisition and substantial rehab of 249 units (elderly tower, family townhomes, and employee units). Freddie Mac will provide direct-pay credit enhancement, with Sturges underwriting and Argent as trustee. With financing secured, significant design, construction, energy-efficiency, accessibility, relocation, and ongoing property management work will proceed, offering follow-on opportunities for trades and service providers.
Project preserves PBRA HAP deep subsidy; includes mix of 40%, 60%, and 80% AMI targeting; uses on-site ‘hotel units’ and possibly off-site hotels for phased resident relocation.
From the meeting
- Meeting date
- July 16, 2026
- Agency
- Michigan State Housing Development Authority
Questions about this project
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