Oak Park targeted for affordable housing project

A Minnesota-based health care company is making an $18.3 million investment to build affordable housing in Oak Park as well as Hart in western Michigan.

On Tuesday, officials with UnitedHealthcare will announce their investment to build Jefferson Oaks, a 60-unit mixed-income project in Oak Park at the site of a vacant school near Nine Mile and Rosewood Street.

The project developer, Community Housing Network, will transform the former school into 20 apartments and build eight townhome buildings on the school campus, which will contain 40 units.

Twenty-one of the 60 units are set aside for “supportive” housing, which provides tenants with on-site services such as counseling and social services.

When completed in 2018, the project will have a community room with a library, computer lab, meeting space and a playground.

Dennis Mouras, CEO of UnitedHealthcare Community Plan of Michigan, which employs 1,100 people in Michigan and provides health care for more than 800,000 people here, said he is grateful for the opportunity to work with partners to expand affordable housing in Michigan.

“UnitedHealthcare’s investments to support affordable housing in Michigan are part of our initiative to help people live healthier lives by connecting them to housing, health care and other important services,” Mouras said in a statement.

Marc Craig, president of Community Housing Network, said his company is excited to start the construction of the project in Oak Park.

“When completed next year, Jefferson Oaks will be a model community that brings quality homes with on-site amenities for individuals and families who want a wonderful place to live and play,” Craig said in a statement.

UnitedHealthcare is investing $14.6 million in the Oak Park development. Cinnaire, an affordable housing development partner, is providing a $2.3 million permanent loan to the project.

UnitedHealthcare will also invest $3.7 million in Woodland Place Apartments in Hart, on Michigan’s west side. The 24-unit apartment community, developed by Gryphon Group and Oceana County Housing Commission, will include 12 units for people living with special needs and struggling with homelessness.

Read the full news story online at The Detroit News.


Equipped to advise you

Whether you're ready to investigate financing options, or are in the early planning stages, Greater Minnesota Housing Fund can provide the technical assistance needed to get your idea off the ground. Learn more.



What is LIHTC and what are the benefits?

Not sure if LIHTC is a good possible financing or investment opportunity for you? You can learn more basic information about it here. Feel free to reach out to us to learn more.

General Contact

Minnesota Equity Fund
c/o Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1650-West
Saint Paul, MN 55101

Download MEF Brochure

For more background about the Minnesota Equity Fund, please download the MEF Brochure (PDF).



Colorful banner image featuring the skyline that you might typically see in a small city or town in Greater Minnesota.

About Minnesota Equity Fund

Minnesota Equity Fund (MEF) is a subsidiary of  
Greater Minnesota Housing Fund (GMHF). MEF and  
Cinnaire are joint venture partners collaborating  
to achieve our common mission to create more high  
quality affordable housing.  

Learn More

Our Joint Venture Team

Greater Minnesota Housing Fund

GMHF is AERIS rated and a member of the  
Federal Home Loan Bank of Des Moines.  

Staff Contact

John Errigo
Director of Investing & Fund Manager

General Contact

Minnesota Equity Fund
c/o Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1650-West
Saint Paul, MN 55101