New Markets Tax Credit Coalition

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

Renovation of a bighted, contaminated former industrial site into a mixed-use, mixed-income community featuring new fresh food market and other retail ammenities.
Creation of 300 quality jobs at an auto part manufacturing facility in Detroit.
Construction and rehab of office and retail space into an innovative space designed to foster collaboration, inspiration, and results.
NMTC project creates over 800 new jobs in Detroit.