Standard Communities, River Caddis to Build $56M Affordable Housing Community in Kalamazoo, Michigan

Standard Communities, in a joint venture with River Caddis Development, will build River’s Edge, a $56 million affordable housing community in Kalamazoo. A public-private partnership for the project includes the Michigan State Housing Development Authority, Kalamazoo County and the City of Kalamazoo. WNC & Associates is the equity partner. River’s Edge will feature 228 units, with 184 designated as affordable for those earning 60 percent or less of the area median income (AMI). The remaining 44 units are for residents with incomes under 120 percent of AMI. Affordability is made possible by Low-Income Housing Tax Credits.

WNC & Associates
Anil Advani | EVP, Originations & Finance
Standard Communities
Brian Yang | Director, Transaction Management

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