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  • Westland,
  • MI
  • (2023)

Presbyterian Villages of Michigan

District: Rashida Tlaib (D-MI12)

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

,

Investor

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

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