National Equity Fund

Hilltop View

Dexter, MI


Statistic
Jobs Created: 7
Jobs Year One: 29


Hilltop View Apartments (HTV) is a 24-unit affordable housing development in Dexter, Michigan, a rural community near Ann Arbor. Fifteen units are Permanent Supportive Housing (PSH) apartments with rental assistance, which means that tenants pay roughly 30 percent of their income towards rent. Of these 15, six are homes for veterans. The remaining units are workforce/moderate-income housing units with rents below Dexter fair market rates.

HTV was developed in collaboration with Faith in Action (FIA), a local faith-based non-profit. Avalon Housing developed and manages the property, and FIA provides support and community-building services available to all residents. More than half of HTV’s residents receive supportive services from FIA. To combat food insecurity in the community, HTV has provided space for a large permanent food pantry and community center to benefit residents and community members alike.

Hilltop View Apartments is a 2023 Charles L. Edson Award Winner in the Housing for Veterans category. NEF invested $7.6 million in LIHTC equity in this development. 



Project Details:

Completed:
2022
Population Served:
Family
Total Units:
24
Mix of Residences:
2 Bedroom (10),3 Bedroom (8),1 Bedroom (6)
Net Equity:
7.56M
Credit Type:
9%
Total Project Costs:
8.71M
Developer(s):
Avalon Housing, Inc. (MI)
Property Manager:
Avalon Housing, Inc. (MI)
Architect:
Cornerstone Design Inc Architects
General Contractor:
Phoenix Contractors, Inc. (MI)

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