Click for Ann Arbor, Michigan Forecast
Sunday June 25, 2017
Follow us: facebook twitter RSS feed
drawing of a house and hammer

Remodel Resources

New owners update a senior high-rise.

by Patrick Dunn

From the June, 2017 issue

Thanks to a HUD pilot program for low-income housing financing, the Cranbrook Towers senior complex is in the midst of a major renovation. Novi-based Ginosko Development Company purchased the complex in December with a $17.3 million loan secured by HUD lender Love Funding's Cleveland office. A HUD pilot program launched in 2012 expedited the deal, which also included a $3.5 million loan to rehabilitate the 1980 building. Love Funding Cleveland associate director Dave Strachan says the facility has been "impeccably" taken care of but has seen little renovation work since its construction. The yearlong project includes renovations to the facility's parking lot, doors and windows, air conditioning, and more; completion is targeted for mid-December.    (end of article)

 



 
Bookmark and Share
Print Comment E-mail

You might also like:

Life Offline
Rural residents' frustrating search for high-speed Internet access
Julie Halpert
Housing Intro in Chelsea
Photo: Peonies!
Subscribe to the Ann Arbor Observer
Green Frogs Galore
June's the month to hear their song.
Bob & Jorja Feldman
Creole du Nord
Cajun tradition in the midwest
Patrick Dunn
Annals of Medicine
"Small practices are at a great disadvantage," said physician Ron Sanda.
Jan Schlain
County Courts
Ma Lou's
Ypsi chicken
Lee Lawrence
The Tannahill Weavers
All manner of songs
arwulf arwulf
Regent Hotel
The Brain Injury Association of Michigan
A visitor's guide to Ann Arbor