Grants - AWARD SUMMARY


HOUSING DEVELOPMENT AUTHORITY, MICHIGAN STATE


The Tax Credit Assistance Program (TCAP) is being used by the Authority to provide gap financing to affordable multifamily rental properties that are participated in the Low Income Housing Tax Credit (LIHTC) Program affected by the deteriorating housing market. The Recovery Act requires housing credit agencies to distribute TCAP funds competitively, in accordance with the Agency's Qualified Allocation Plan (QAP). This Plan can be found at http://www.michigan.gov/mshda/0,1607,7-141-7559_9643-31750--,00.html. Projects awarded low income housing tax credits in fiscal years 2007, 2008, or 2009 are eligible for funding, but the housing credit agency must give priority to those projects that were expected to be completed by February 2012.

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AWARD OVERVIEW

AWARD OVERVIEW
Award Number M09-ES260100 Funding Agency Department of Housing and Urban Development
Total Award Amount $63,974,711 Project Location - City Lansing
Award Date 06/24/2009 Project Location - State MI
Project Status Completed Project Location - Zip 48912-1474
Jobs Reported 0.00 Congressional District 08
Project Location - Country US

Recipient Information (Grants)

Recipient Information (Grants)
Recipient Name HOUSING DEVELOPMENT AUTHORITY, MICHIGAN STATE
Recipient DUNS Number 087743191
Recipient Address 735 E MICHIGAN AVE
Recipient City LANSING
Recipient State Michigan
Recipient Zip 48912-1474
Recipient Congressional District 08
Recipient Country USA
Required to Report Top 5
Highly Compensated Officials
Yes
Top 5 Officers and Compensation
Keith Molin $129,678.00
Burney Johnson $113,648.00
Gary Heidel $110,000.00
Rick Ballard $110,000.00
Donna McMillan $110,000.00

Projects and Jobs Information

Projects and Jobs Information
Project Title Tax Credit Assistance Program (TCAP)
Project Status Completed
Final Project Report Submitted Yes
Project Activities Description Housing Development, Construction & Management
Quarterly Activities/Project Description 100% of the Michigan State Housing Development Authority's (MSHDA) Tax Credit Assistance Program (TCAP) allocation has been utilized. 33 projects benefited from TCAP funds resulting in 2907 rehabilitated or newly constructed affordable housing units in the following counties: Ottawa, Allegan, Van Buren, Houghton, Hillsdale, Eaton, Wayne, Lapeer, Shiawassee, Kent, Oakland, Monroe, Otsego, Ingham, Sanilac, Benzie, Washtenaw, Mason, Berrien, Kalamazoo, Clinton, Macomb, Saginaw and Alpena. Final TCAP funds were disbursed in the first quarter of 2012. A listing of all Multifamily projects in processing including the 33 TCAP projects are listed online at: http://www.michigan.gov/mshda/0,4641,7-141-5587-83040--,00.html Disbursements overall included 11 projects where TCAP was used to pay down construction loans on projects where construction was otherwise complete (which HUD has instructed that the job count for these should be 0 as those jobs took place prior to formal TCAP commitment), Maxwell Place, Park Meadows, Scott Building, Sunrise Village/Sandusky Senior, Cobblestone, Kingston Place, Delhi Stratford, Butternut Creek, Beacon Hill, Sycamore House, and 1777 Haslett. Additionally, on other projects, TCAP was disbursed for acquisition. All 33 projects have completed construction and are leasing up. Tenant data will continue to be collected until each unit has been occupied by a TCAP qualified tenant. MSHDA did not receive any program income from TCAP funds and no recaptures have taken place.
Jobs Created 0.00
Description of Jobs Created Disbursements included 11 projects where TCAP was used to pay down construction loans on projects where construction was otherwise complete (based on OMB Guidance M-10-08, the job count for these should be 0 as those jobs took place prior to formal TCAP commitment/award). These projects were Maxwell Place, Park Meadows, Scott Building, Sunrise Village/Sandusky Senior, Cobblestone, Delhi Stratford, Sycamore House, Beacon Hill, Butternut Creek, Kingston Place and 1777 Haslett. For the projects that did have construction underway, jobs created or retained included trades such as concrete, drywall, electrical, plumbing as well as construction management and general contractors to oversee the projects. There were also professional services such as architects, engineers, attorneys, and accountants that were part of the process. There were property management positions created to oversee the multifamily units and to monitor the property to keep in compliance going forward both during and once the construction was complete. Tenant data is being collected by managment companies and owners for all TCAP units at this time.


Purchaser Information (Grants)

Purchaser Information
Contracting Office ID Not Reported
Contracting Office Name Not Available
Contracting Office Region Not Available
TAS Major Program 86-0203

Award Information

Award Information
Award Date 06/24/2009
Award Number M09-ES260100
Order Number
Award Type Grants
Funding Agency ID 86
Funding Agency Name Department of Housing and Urban Development
Funding Office Name Not Available
Awarding Agency ID 86
Awarding Agency Name Department of Housing and Urban Development
Amount of Award $63,974,711
Funds Invoiced/Received $63,974,711
Expenditure Amount $63,974,711
Infrastructure Expenditure Amount $0
Infrastructure Purpose and Rationale Not Reported
Infrastructure Point of Contact Name Not Reported
Infrastructure Point of Contact Email Not Reported
Infrastructure Point of Contact Phone Not Reported
Infrastructure Point of Contact Address Not Reported
Infrastructure Point of Contact City Not Reported
Infrastructure Point of Contact State Not Reported
Infrastructure Point of Contact Zip Not Reported

Product or Service Information (Grants)

Product or Service Information
Primary Activity Code L04
Activity Description Housing Development, Construction & Management

Sub-Awards Information

Sub-Awards Information
Sub-awards to Organizations 33
Sub-award Amounts to Organizations $63,974,711
Sub-Awards to Individuals 0
Sub-Award Amounts to Individuals $0
Number of Sub-awards less than $25,000/award 0
Amount of Sub-awards less than $25,000/award $0
Number of payments to vendors greater than $25,000 30
Total Amount of payments to vendors greater than $25,000/award $311,618
Number of payments to vendors less than $25,000/award 0
Total Amount of payments to vendors less than $25,000/award $0


Sub-Award Transactions

Sub-award 3008 Kingston Place - KINGSTON PLACE LIMITED DIVIDEND HOUSING ASSOCIATION, LLC

Sub-Award Amount $350,000
Sub-Award Date 06/22/2010
Sub-Awards Disbursed $350,000.00
Project Location - City Eaton Rapids
Project Location - State MI
Project Location - Zip Code 48827-1258
Project Location - Congressional District 07
Sub-Recipient DUNS Number 962737925
Sub-Recipient Address 501 King St
Sub-Recipient City Eaton Rapids
Sub-Recipient State MI
Sub-Recipient Zip Code 48827
Sub-Recipient Congressional District 07
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 3105 Midtown Village - LIBERTY LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

Sub-Award Amount $2,150,599
Sub-Award Date 02/03/2010
Sub-Awards Disbursed $2,150,599.00
Project Location - City Holland
Project Location - State MI
Project Location - Zip Code 49423-3312
Project Location - Congressional District 02
Sub-Recipient DUNS Number 833002095
Sub-Recipient Address 101 SHELDON SE STE 2
Sub-Recipient City GRAND RAPIDS
Sub-Recipient State Michigan
Sub-Recipient Zip Code 49503-4262
Sub-Recipient Congressional District 03
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 3333 McCalla Greene - MCCALLA GREENE LIMITED DIVIDEND HOUSING ASSOCIATION

Sub-Award Amount $1,157,981
Sub-Award Date 02/01/2010
Sub-Awards Disbursed $1,157,981.00
Project Location - City Milan
Project Location - State MI
Project Location - Zip Code 48160-1674
Project Location - Congressional District 07
Sub-Recipient DUNS Number 833144137
Sub-Recipient Address 229 HUBER VILLAGE BLVD
Sub-Recipient City WESTERVILLE
Sub-Recipient State Ohio
Sub-Recipient Zip Code 43081-8075
Sub-Recipient Congressional District 03
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 3062 Park Meadows - PARK MEADOWS OF SOUTH HAVEN LDHA LP

Sub-Award Amount $950,000
Sub-Award Date 01/20/2010
Sub-Awards Disbursed $950,000.00
Project Location - City South Haven
Project Location - State MI
Project Location - Zip Code 49090-6732
Project Location - Congressional District 06
Sub-Recipient DUNS Number 832853613
Sub-Recipient Address 11225 PARK MEADOWS DR
Sub-Recipient City SOUTH HAVEN
Sub-Recipient State Michigan
Sub-Recipient Zip Code 49090-6732
Sub-Recipient Congressional District 06
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 3023 Scott Building - SCOTT BUILDING LTD DIVIDEND HO

Sub-Award Amount $632,317
Sub-Award Date 01/25/2010
Sub-Awards Disbursed $632,317.00
Project Location - City Hancock
Project Location - State MI
Project Location - Zip Code 49930-2168
Project Location - Congressional District 01
Sub-Recipient DUNS Number 556826910
Sub-Recipient Address 913 QUINCY ST
Sub-Recipient City HANCOCK
Sub-Recipient State Michigan
Sub-Recipient Zip Code 49930-1904
Sub-Recipient Congressional District 01
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 0552-2 Silver Maple Village - SILVER MAPLE VILLAGE 2009 LIMITED DIVIDEND HOUSING ASSOCIATION L.L.C.

Sub-Award Amount $2,116,869
Sub-Award Date 02/03/2010
Sub-Awards Disbursed $2,116,869.00
Project Location - City Lapeer
Project Location - State MI
Project Location - Zip Code 48446-1744
Project Location - Congressional District 10
Sub-Recipient DUNS Number 832501170
Sub-Recipient Address 677 DEWEY ST LBBY
Sub-Recipient City LAPEER
Sub-Recipient State Michigan
Sub-Recipient Zip Code 48446-1777
Sub-Recipient Congressional District 10
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 3362 St. Paul Townhomes - ST. PAUL SAGINAW 2009 LIMITED DIVIDEND HOUSING ASSOCIATION LIMITEDPARTNERSHIP

Sub-Award Amount $1,760,023
Sub-Award Date 11/18/2010
Sub-Awards Disbursed $1,760,023.00
Project Location - City Saginaw
Project Location - State MI
Project Location - Zip Code 48601-5181
Project Location - Congressional District 05
Sub-Recipient DUNS Number 965425049
Sub-Recipient Address 102 S MAIN ST
Sub-Recipient City MOUNT PLEASANT
Sub-Recipient State Michigan
Sub-Recipient Zip Code 48858-2336
Sub-Recipient Congressional District 04
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 3056 Sunrise Village/ Sandusky Sr - SUNRISE VILLAGE SENIOR APARTMENTS

Sub-Award Amount $693,337
Sub-Award Date 02/01/2010
Sub-Awards Disbursed $693,337.00
Project Location - City Sandusky
Project Location - State MI
Project Location - Zip Code 48471-1497
Project Location - Congressional District 10
Sub-Recipient DUNS Number 010301501
Sub-Recipient Address 155 MARGARET ST
Sub-Recipient City SANDUSKY
Sub-Recipient State Michigan
Sub-Recipient Zip Code 48471-1497
Sub-Recipient Congressional District 10
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 3334 Sycamore House - Sycamore House, LLC

Sub-Award Amount $2,105,040
Sub-Award Date 02/01/2010
Sub-Awards Disbursed $2,105,040.00
Project Location - City Durand
Project Location - State MI
Project Location - Zip Code 48429-2116
Project Location - Congressional District 04
Sub-Recipient DUNS Number 807461541
Sub-Recipient Address 229 Huber Village Blvd
Sub-Recipient City Westerville
Sub-Recipient State Ohio
Sub-Recipient Zip Code 43081-8075
Sub-Recipient Congressional District 03
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 3206 Village of Royal Oak - Village of Royal Oak, LDHA

Sub-Award Amount $4,247,768
Sub-Award Date 02/03/2010
Sub-Awards Disbursed $4,247,768.00
Project Location - City Royal Oak
Project Location - State MI
Project Location - Zip Code 48073-2336
Project Location - Congressional District 09
Sub-Recipient DUNS Number 833098978
Sub-Recipient Address 3412 Devon Rd
Sub-Recipient City Royal Oak
Sub-Recipient State MI
Sub-Recipient Zip Code 48073
Sub-Recipient Congressional District 09
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 3100 Hawks Ridge - Webster-Excel Ldha

Sub-Award Amount $2,176,747
Sub-Award Date 09/28/2010
Sub-Awards Disbursed $2,176,747.00
Project Location - City Bath
Project Location - State MI
Project Location - Zip Code 48808-9805
Project Location - Congressional District 04
Sub-Recipient DUNS Number 832996131
Sub-Recipient Address 15292 Hawks Ridge Dr
Sub-Recipient City Bath
Sub-Recipient State Michigan
Sub-Recipient Zip Code 48808-9805
Sub-Recipient Congressional District 04
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 3106 Windsong - Windsong Limited Dividend Housing Association Limited

Sub-Award Amount $2,365,173
Sub-Award Date 02/02/2010
Sub-Awards Disbursed $2,365,173.00
Project Location - City Ann Arbor
Project Location - State MI
Project Location - Zip Code 48108-2599
Project Location - Congressional District 12
Sub-Recipient DUNS Number 961622367
Sub-Recipient Address 23549 Shaker Blvd
Sub-Recipient City Shaker Heights
Sub-Recipient State OH
Sub-Recipient Zip Code 44122
Sub-Recipient Congressional District 11
Required To Report Top 5
Highly Compensated Officials
No

Sub-award 2352-2 Woodside Square - WOODSIDE SQUARE 2009 LIMITED DIVIDEND HOUSING ASSOCIATION L.L.C.

Sub-Award Amount $1,841,250
Sub-Award Date 02/03/2010
Sub-Awards Disbursed $1,841,250.00
Project Location - City Romulus
Project Location - State MI
Project Location - Zip Code 48174-1701
Project Location - Congressional District 13
Sub-Recipient DUNS Number 832500610
Sub-Recipient Address 35473 ALEXANDER N
Sub-Recipient City ROMULUS
Sub-Recipient State Michigan
Sub-Recipient Zip Code 48174-1701
Sub-Recipient Congressional District 13
Required To Report Top 5
Highly Compensated Officials
No
<<<12>>>

Vendor Transactions

Michigan State Housing Development Authority - Award Number M09-ES260100 - Michigan State Housing Development Authority

Award Number M09-ES260100
Sub-Award Number 3326 Ginger Square
Vendor DUNS Number 087743191
Vendor HQ Zip Code + 4 48912-1474
Vendor Name Michigan State Housing Development Authority
Product and Service Description good standing certificate
Payment Amount $10

Michigan State Housing Development Authority - Award Number M09-ES260100 - Michigan State Housing Development Authority

Award Number M09-ES260100
Sub-Award Number 3326 Ginger Square
Vendor DUNS Number 087743191
Vendor HQ Zip Code + 4 48912-1474
Vendor Name Michigan State Housing Development Authority
Product and Service Description LIHTC application fee
Payment Amount $2,000

Michigan State Housing Development Authority - Award Number M09-ES260100 - Michigan State Housing Development Authority

Award Number M09-ES260100
Sub-Award Number 3326 Ginger Square
Vendor DUNS Number 087743191
Vendor HQ Zip Code + 4 48912-1474
Vendor Name Michigan State Housing Development Authority
Product and Service Description Appraisal fee
Payment Amount $6,000

Michigan State Housing Development Authority - Award Number M09-ES260100 - Michigan State Housing Development Authority

Award Number M09-ES260100
Sub-Award Number 3326 Ginger Square
Vendor DUNS Number 087743191
Vendor HQ Zip Code + 4 48912-1474
Vendor Name Michigan State Housing Development Authority
Product and Service Description Full Market Study fee
Payment Amount $5,700

Progressive Associates Inc - Award Number M09-ES260100 - Progressive Associates Inc

Award Number M09-ES260100
Sub-Award Number 3326 Ginger Square
Vendor DUNS Number 057681843
Vendor HQ Zip Code + 4 48302-2069
Vendor Name Progressive Associates Inc
Product and Service Description architect fees
Payment Amount $8,800

Progressive Associates Inc - Award Number M09-ES260100 - Progressive Associates Inc

Award Number M09-ES260100
Sub-Award Number 3326 Ginger Square
Vendor DUNS Number 057681843
Vendor HQ Zip Code + 4 48302-2069
Vendor Name Progressive Associates Inc
Product and Service Description architect fees
Payment Amount $4,061

St James Capital LLC - Award Number M09-ES260100 - St James Capital LLC

Award Number M09-ES260100
Sub-Award Number 3326 Ginger Square
Vendor DUNS Number 081792918
Vendor HQ Zip Code + 4 48304-2944
Vendor Name St James Capital LLC
Product and Service Description Reimburse legal fees
Payment Amount $1,256

Terzo & Bologna Inc. - Award Number M09-ES260100 - Terzo & Bologna Inc.

Award Number M09-ES260100
Sub-Award Number 3326 Ginger Square
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 48152-3995
Vendor Name Terzo & Bologna Inc.
Product and Service Description Appraisal fee
Payment Amount $2,000

Tim Mrozowski, a.i.a, Architecture - Award Number M09-ES260100 - Tim Mrozowski, a.i.a, Architecture

Award Number M09-ES260100
Sub-Award Number 0919-2 Ballentine
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 48823-3338
Vendor Name Tim Mrozowski, a.i.a, Architecture
Product and Service Description architecture services
Payment Amount $3,380

Value City Furniture - Award Number M09-ES260100 - Value City Furniture

Award Number M09-ES260100
Sub-Award Number 0919-2 Ballentine
Vendor DUNS Number Not reported
Vendor HQ Zip Code + 4 43219-1816
Vendor Name Value City Furniture
Product and Service Description Home and office furniture
Payment Amount $29,168
<<<12>>>


Project Location Detail

Location Information
Latitude, Longitude 42º 44' 1", -84º 32' 29"
Congressional District 08
Address 1 735 East Michigan Avenue
Address 2
City Lansing
County Ingham
State MI
Zip 48912-1474
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