Avalon Housing - Hickory Way

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Hickory Way Apartments Phases I and II

1120 and 1130 S. Maple Road, Ann Arbor, MI

70 Total Units

70 one-bedroom units
50 Total Project-Based Vouchers
With vouchers, tenant rent is 30% of income
Remaining rents set around 40% of Area Median Income

Funding Sources Phase I

MSHDA Low Income Housing Tax Credits (Limited Partner: National Equity Fund) - $ 8,276,172
Washtenaw County HOME - $ 690,963
Ann Arbor Housing Fund - $ 130,004
Federal Home Loan Bank AHP (Sponsored by Chelsea State Bank) - $ 434,934
General Partner Equity - $ 126,600
Chelsea State Bank Perm Loan - $ 1,100,000

Funding Sources Phase II

MSHDA Low Income Housing Tax Credits (Limited Partner: National Equity Fund) - $ 8,540,803
City of Ann Arbor Housing Millage - $ 300,000
Ann Arbor Housing Fund - $ 450,000
Federal Home Loan Bank AHP (Sponsored by Chelsea State Bank) - $ 321,515
Chelsea State Bank Perm Loan - $ 1,000,000

TOTAL: $21,370,991

Additional Funding

Supportive Housing Services Funding through the Ann Arbor Affordable Housing Millage Construction loans from Old National Bank and Chelsea State Bank
Acquisition Bridge Loan: Corporation for Supportive Housing PILOT through the City of Ann Arbor
MSHDA Project-based vouchers (23)
Ann Arbor Housing Commission VASH vouchers (12)
Ann Arbor Housing Commission vouchers (non-VASH) (15)

Design Goals and Highlights

All 70 units visitable (no step entries, wide entry doors and halls)
15% of units (12) are fully barrier-free
Achieved Enterprise Green Communities Certification; no combustion in units
Wireless internet provided
Onsite Clinic, Fitness Center and Community Center
Raised garden beds for tenant gardening

Learn more about Avalon Housing.

​​​Hickory Way Apartments Phases I and II

1120 and 1130 S. Maple Road, Ann Arbor, MI​