Gardenview Estates –
Detroit, MI
Number of Units
494
Type of Housing
Family Rental, New Construction
Development Cost
$109.8 Million
Financing
4% Low Income Housing Tax Credits
9% Low Income Housing Tax Credits
HUD HOPE VI Funds
HUD NSP Funds
MSHDA Tax Exempt Loan
Brownfield Tax Credits
MSHDA HOME Funds
Investor
Bank of America
Great Lakes Capital Fund
RBC Capital Markets - Phase V
Norstar Role
Developer/Owner
Partner
Detroit Housing Commission
Completion Year
Phase I: 2009
Phase IIA/B: 2011
Phase IIC: 2011
Phase IIIA/B: 2012
Phase IIIC/D: 2014
Phase IV: 2016
Construction Start
Phase V: May 2017
Norstar Building Corporation Role
General Contractor in conjunction with a local contractor
