Michigan Community Capital provided a predevelopment loan in 2021 to Magnus Capital Partners for the purchase of a vacant land and for specific activities to support a 4% Low-Income Housing Tax Credit (LIHTC) applicant for a future ground-up 191-unit affordable housing community in Holland, Michigan. HŌM Flats on East 24th Street will be the fourth HŌM Flats development for Magnus Capital Partners in west Michigan and the second in Holland. Upon completion, the project will include:191 One-bedroom, two-bedroom and three-bedroom units.
