East Lansing, Jun 27, 2014 -- USDA Commemorates Open Houses in Webberville, Springport
EAST LANSING, June 27, 2014 – U.S. Dept. of Agriculture Rural Development State Director for Michigan James J. Turner today commemorated an open house for Green Meadows Apartments in Springport. An additional open house was held for Kalamink Creek Apartments in Webberville.
Both projects were rehabilitated through the agency’s Multi-Family Housing Section 515 program in coordination with the Michigan State Housing Development Authority and Summit Community Bank. The properties are owned by TJ Development, LLC.
“These projects demonstrate how USDA Rural Development is able to work with owners and the Michigan State Housing Development Authority to provide safe, quality housing for rural residents,” Turner said.
Green Meadows was built in 1984 and Kalamink was built in 1987. Both have 24 units and provide housing for low-income residents.
The properties have undergone comprehensive renovations with agency providing a $125,000 loan for the Kalamink Creek project after the owners assumed the existing $1.1 million USDA Rural Development loan on the facilities. An additional $1.88 million in funding was obtained through low income housing tax credits provided by MSHDA. Summit Community Bank provided a $125,000 loan for the work on Green Meadows. The total cost for the renovations is $4,725,843.
USDA Rural Development State Director for Michigan James J. Turner was appointed by President Barack Obama in 2009. USDA, through its Rural Development mission area, has a portfolio of programs designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
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