Chesapeake Community Advisors

Golden Eagle Estates

Golden Eagle Estates

Golden Eagle Estates is a newly constructed 12-unit family development located in Benton Harbor, Michigan. The complex consists of two buildings, with 7 two-bedroom units and 5 three-bedroom units. All 12 units are targeted to households earning 50% of the Area Median Income (AMI).

As development consultant, CCA provided a full range of consulting services including, coordination of the development team, deal structuring, construction management and lease-up oversight.

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Project Details

Development Type: New Construction
Number of Units: 12
Type of housing: Affordable Family Apartments
Total Development Cost: $1.6 Million
Financing: Federal LIHTC, HOME Loan, CIP Bank Mortgage
Location: Benton Harbor, Michigan
Project Start: November 2004
Project Complete: November 2005
Development Role: Development Consultant
Unit Mix: Two and Three Bedroom Units
Architect: Joseph Phillips Architects, LLC
Contractor: Krome Construction, Inc.
Developer: Chesapeake Community Advisors and Trinity Village Nonprofit Housing Corp.
Owner: Golden Eagle LDHA, LP
Investor: Great Lakes Capital Fund
Lender: Fifth Third Bank

33 South Gay Street, Suite 200, Baltimore, Maryland 21202 (p)410-685-6005