- people on the move
Nonprofits complete $9.4M affordable housing building
A nonprofit partnership’s $9.4 million affordable housing building has been completed and is fully leased.
LINC UP this fall finished the 45,000 square-foot, 36-unit Garfield Park Lofts development, at 100 Burton St. SE.
LINC UP, a Grand Rapids-based nonprofit, is the majority owner and co-developed the project with Dwelling Place and Orion Real Estate Solutions.
Residents began moving in a week after its completion. More than 500 applicants attended the pre-leasing open house this summer, so it was immediately leased.
Garfield Park Lofts was the first multifamily construction project in the neighborhood in more than 30 years. The building replaced a church that was demolished after standing vacant in the Garfield Park neighborhood since 2014.
The three-story building contains 34 two-bedroom units ranging from 885 to 1,100 square feet and two three-bedroom units, each 1,400 square feet. Each apartment contains a washer, dryer and dishwasher. It was built to align with LEED Silver standards and includes on-site parking and green space.
Orion Construction was the contractor on the project. Isaac V. Norris & Associates was the architect. PNC Bank provided financing.
There was a focus on using the project as an economic catalyst through the hiring of local subcontractors, suppliers and laborers.
“We exceeded the minority and neighborhood participation guidelines. We turned the project over on time and on budget,” said Roger Rehkopf, Orion Construction president. “It has provided both employment opportunities through the construction and now a much-needed housing solution to Garfield Park.”
He said this project and another LINC UP housing project will result in more than $4.5 million going to local and minority companies.
The project was awarded $934,988 in low-income housing tax credits from the Michigan State Housing Development Authority. The Grand Rapids Housing Commission is providing eight project-based vouchers for the project.