Holland, MI – U.S. Congressman Bill Huizenga and other federal, state and local officials gathered today to commemorate the renovation of Falcon Woods, an affordable apartment community in Holland, Michigan.
Along with Representative Huizenga, attendees included: representatives for Senator Gary Peters and Senator Debbie Stabenow; Kevin Elsenheimer, Executive Director of Michigan State Housing Development Authority (MSHDA); Al Vanderberg, Ottawa County Administrator; Vince Bush, Holland Charter Township Treasurer; Michael Murray, Senior Vice President of City Real Estate Advisors; and Howard Wallick, Co-Owner of Wallick Communities.
“MSHDA is proud to provide financing toward this renovation and expect these changes will contribute greatly to a better quality of life for the individuals and families who call Falcon Woods home,” Elsenheimer said. The $5.5 million rehabilitation included new siding, roofing, windows and doors; new bathroom and kitchen fixtures and appliances, new playground, landscaping and parking lot, and energy-efficient improvements throughout.
The project was financed through federal Low-Income Housing Tax Credits, HOME funds, MSHDA Preservation Fund and MSHDA permanent debt financing.
“The Falcon Woods renovation represents a reinvestment in the community and a commitment that the residents of Falcon Woods, and families in the Holland area, continue to have decent, safe, affordable housing,” said Wallick.
Falcon Woods consists of 144 units in 18 buildings. The property was originally developed using Housing Credits in 1995. Wallick Communities acquired the property in 2011, and was awarded Housing Credits to renovate the property in 2014. Partners in the project include: Wallick Communities, MSHDA, City Real Estate Advisors and Hooker De Jong.