Firm renovates affordable housing building
A firm is getting some help from the state to renovate an affordable housing building for seniors and people with disabilities.
TJ Acquisitions will renovate the 24-unit Crosswinds Manor in Belding, northeast of Grand Rapids, at 901 N. Bridge St.
The total cost of the project is estimated to be $700,000, according to City of Belding files, and will be funded by the LIHTC funds and a USDA Rural Development mortgage.
All 24 units are one bedroom and one bath and are $500 a month, including some utilities, for residents 62 and older or with disabilities, who make 60 percent or less of the county’s median income.
The project includes new vinyl floors and carpet, cabinets, appliances, wired internet access and an entry system.
The exterior of the facility will also receive new roofing and siding, as well as windows and glass sliding doors.
The renovation is also expected to increase curb appeal, according to the state.
Crosswinds Manor was built in the early 1990s and purchased by TJ Acquisitions several years ago, according to a letter filed with the city.
“Our vision for the property was to purchase it and then renovate the property,” the firm says in the letter. “Our purchase was motivated by the fact that we buy, redevelop and then manage RD and other affordable housing developments. At present, we have nearly 40 similar properties around the state.”