Presbyterian Villages of Michigan

Westland,
MI
(2023)

Presbyterian Villages of Michigan

PACE

Capital Impact Partners provided loans totaling $8.4 million ($8.7 million NMTC allocation) for the renovation and expansion of an approximately 6,000 sq. ft. building into an approximately 23,300 sq. ft. “Program of All-Inclusive Care for the Elderly” (PACE) center.

Investment

NMTC Amount: $10,000,000
Total Project Cost: $10,678,510

IMPACT

139 FTE jobs
148 construction jobs
The Center is expected to serve 250 very low income seniors once the building is complete.
23,300 sq. ft. of real estate

CDEs

Capital Impact Partners, USBCDE

Investor

US Bank

Project Description

Capital Impact Partners provided loans totaling $8.4 million ($8.7 million NMTC allocation) for the renovation and expansion of an approximately 6,000 sq. ft. building into an approximately 23,300 sq. ft. “Program of All-Inclusive Care for the Elderly” (PACE) center.

MAP

Address: 360 South Merriman Road, Westland, MI 48186

Census Tract: 26163565800

Other Michigan Projects

Tommy Car Wash Systems

Holland,
MI
(2021)

Business Development, Manufacturing

CDE(s): Cinnaire New Markets

Tommy Car Wash Systems will expand its manufacturing capacity by constructing a new headquarters and manufacturing facility with $13 million in NMTC allocation.

Pere Marquette Depot Rehab

Bay City,
MI
(2007)

Community, Historic Rehabilitation, Mixed-use, Nonprofit Hub

CDE(s): Michigan Community Capital

After sitting idle for more than three decades, the Pere Marquette R.R. Depot became the bustling center of activity that it was over a century ago.

MAC Trailer

Mount Pleasant,
MI

Auto Manufacturing

CDE(s): Michigan Community Capital, PNC

MAC Trailer Enterprises Expands Manufacturing into Mt. Pleasant Facility

Port Huron City Center

Port Huron,
MI
(2020)

Affordable Housing, Housing, Mixed-use, Retail, Retail and Commercial

CDE(s): Michigan Community Capital

This project is for a mixed-use building featuring an indoor farmer's market, mixed-income housing, and retail spaces targeted to independent local businesses.