Elmtree Ewald Detroit small 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 found mortgage loan feasibility and is authorizing a tax-exempt construction loan of about $1.57 million, a permanent bond loan of $428,018, and a matching $428,018 MRF gap loan for the Elmtree Ewald 3–4% project, a $3.84 million rehab of a vacant 16-unit building in Detroit. The deal also layers City and County HOME funds and 4% LIHTC, with Ginosko and Century Partners leading and Ginosko Construction as builder. With design waivers granted and detailed scope outlined, this is moving into implementation, creating targeted opportunities for trades, materials, and compliance services on a relatively small but complex layered-finance rehab.
Design waivers approved for accessibility, closet width, and flooring; project uses City of Detroit and Wayne County HOME loans and Section 8-related requirements; vacant building means no resident displacement.
From the meeting
- Meeting date
- July 16, 2026
- Agency
- Michigan State Housing Development Authority
Questions about this project
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