Affiliated Developers

Affiliated  Developers are a related group of community development entities comprised of board members and staff  support specializing in the development and preservation of affordable housing for low and moderate income households. 

What We Do

Affiliated  Developers finances projects using Section 42 Housing Credits and grants in partnership with state housing agencies and local housing commissions.  We have an excellent relationship with the lending and syndication communities.  We structure top-notch development teams for areas in which we are developing, outsourcing architectural, engineering, construction and management.

What's New?

WE WERE RECENTLY AWARED $30 MILLION IN HOUSING CREDITS FROM MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY FOR THE EMERALD SPRINGS PROJECT, A PUBLIC HOUSING PARTNERSHIP IN DETROIT.  WE ARE SCHEDULED FOR A CLOSING IN JUNE OF 2010.

WE WERE RECENTLY AWARDED $2.5 MILLION IN ECONOMIC STIMULUS GRANTS FROM THE MONTANA BOARD OF HOUSING FOR OUR $4 MILLION ACQUISTION AND RENOVATION OF THE FRANKLIN SCHOOL APARTMENTS IN GREAT FALLS, MONTANA.  CURRENTLY, WE BEGAN OUR 2 MILLION DOLLAR RENOVATION ON THE APARTMENTS.  CONSTRUCTION IS SCHEDULED TO BE COMPLETED BY SEPTEMBER 2010.