Pineview Apartments
Pineview Apartments was built in 1977 and was originally financed under Section 236. The community includes 139 one and two bedroom apartments for elderly and disabled residents. 60% of the apartments are covered by Section 8 project-based subsidy. Pineview is located near public transportation and local shopping.
Pineview Apartments
854 North Pine Road
Essexville, Michigan 48732
Phone: (989) 894-0491
Fax: (989) 894-2051
Office Hours: M-F 9:00 am-5:00 pm
Preservation Transaction Description
First Mortgage Financing: Tax-exempt bonds through MSHDA's Section 236 Program.
Equity Financing: Equity raised through 4% low income housing tax credits.
Section 8 Contract Renewal: Yes - rents increased to market levels.
Property Rehabilitation Scope
$2.24 million in total rehabilitation funding including:
- kitchen cabinets, countertops, appliances and flooring
- bathroom vanities and flooring
- apartment carpeting
- gas-fired furnace replacement
- new windows
- new roof
- re-designed facade
Other Benefits for Residents and the Community
A computer center, dishwashers in each apartments, and a Resident Services Program
Development Partners
Allocating Agency
Michigan State Housing Development Agency
Local HUD Office
Grand Rapids HUD
Municipality
Hampton Township
First Mortgage Lender
MSHDA
Tax Credit Investor
Boston Capital Corporation
Legal Counsel
Honigman Miller Schwartz and Cohn LLP
Architect
Progressive Associates, Inc.
General Contractor
G. Fisher Construction
