1. An Introduction to
Parkridge Homes and
the planned Strong Housing development

2. The Current Situation:
• The Ypsilanti Housing Commission owned and managed 198 Public Housing units
• All units are subsidized through the Public Housing program
Tenants pay either FLAT rent or INCOME-BASED rent.
• FLAT rent is an amount that does not change based on your income
• Option offered once per year, at time of Annual Recertification
• Can switch to INCOME-BASED rent due to hardship (cannot switch from INCOME-BASED to FLAT rent except at the time of
the Annual Recertification)
• INCOME-BASED rent is calculated based on your income and assets, greater of:
• 10% of your gross monthly income; OR
• 30% of your adjusted monthly income (deductions given for dependents, elderly/disabled households, childcare expenses
incurred allowing an adult to go to work or school, and medical expenses for elderly/disabled households)

3. The Current Situation:
• Units were built between the 1940s and early 1970s
• Units range in size from 0 bedrooms (studio/efficiency) to 4 bedrooms
• Units exist both in duplex units and townhouse/multi-family buildings (4-6 units/building)
• Units are scattered throughout the City of Ypsilanti (4 square miles)

4. 0/1
Bedrooms:
44
2 Bedrooms:
74
3 Bedrooms:
62
4 Bedrooms:
18
3 Learning
Centers
2 Laundry
Rooms
1
Management
Office

5. The Current Situation:
• Public Housing has never been a fully funded program (estimated backlog as high as $32 billion)
•1976 HUD budget was $86.8 billion
•2012 HUD budget was $41.7 billion
• Most units are in terrible disrepair
Decreased funding
Increased demand

6. Parkridge
Community
Center
YHC Offices
Closed entrance/dead
end

8. From here
(-)
To here
(+)
The Proposed Solution:
The Rental Assistance Demonstration (RAD) Program!
Converts units to Project Based Rental Assistance (PBRA) Contracts, administered by Multifamily
Programs, which is a far more stable funding source.

9. The Proposed Solution:
The Rental Assistance Demonstration (RAD) Program!
Allows Public Housing Agencies (PHAs) to use low income housing tax credits (LIHTC), and other
sources of financing, to fund large scale redevelopment of their current housing stock.
• Both Parkridge Homes and Strong Housing have been approved for RAD.
• Only Strong Housing has received tax credits. (still trying to get credits for Parkridge)
 RAD approval comes from HUD
 Tax Credit allocation given by MSHDA

10. How will this work?
Once the deal is closed (date is currently pending, hopefully within the next month):
1. Units moving forward in the development project will transfer ownership (to Strong
Future LDHA LP, ownership group consisting of YHC and Chesapeake Community Advisors, the
developer).
2. Program will change from traditional Public Housing to a combination of LIHTC (IRS
program) and PBRA (HUD Multifamily program).
3. Construction will occur in four phases (residents will be temporarily relocated while their
units are being worked on).
4. Once construction is complete, and all residents are moved back to their permanent units, any
units that remain vacant will be leased to new tenants.

11. Plus: 2 New
Manageme
nt Offices!
(potential 3rd if
Parkridge site
gets tax credits)