Slavik and Premier, through their affiliate, Allegan Property Development, LLC, redeveloped 49 affordable family and senior rental units. The development team compiled a talented team of engineers and architects as well as utilizing the talents of SBD as the general contractor to successfully redevelop the project. The development team successfully processed a tax credit application and obtained FHA-insured financing. Construction began in August 2015 and was completed in June 2016. Total development costs were approximately $6,200,000 and funding sources included FHA debt financing and low income housing tax credits.
