Optimum Modular

NMTC financing supported a company that produces standardized modules for apartment buildings.

Investment

  • NMTC Amount: $15,000,000
  • Total Project Cost: $22,465,745

IMPACT

  • 160 FTE jobs
  • 60 construction jobs
  • Supports 350+ units of "workforce housing" within the first two years
  • 105,000 sq. ft. of real estate

Investor

Project Description

NMTC financing supported a company that produces standardized modules (“lego blocks”) of an apartment building in an off-site factory that then connects those lego blocks at a final destination.

MAP

Address: 16490 Wahrman Road, ROMULUS, MI 48174

Other Michigan Projects

This project will finance the construction of a 31,000 sq. ft. multi use development of a co-op grocery store in the Central Woodward neighborhood of Detroit, Michigan.
This project was for a real estate loan for the grocery store.
New Markets Tax Credits Invested in New Neogen Food Safety Diagnostic Facility
The historic renovation of a deteriorating three-story brick/masonry building in southwest Detroit that sat vacant for many years.