Lakeland Place is an affordable housing property located in Waterford, MI consisting of 200 units in a single 6-story high rise building.

Prior to the renovation, most building systems were nearing the end of their useful lives and many unit finishes were in need of updating. Community Opportunity Fund has partnered with Jonathan Rose Companies on a redevelopment project which preserves the affordability of Lakeland Place by renewing the Section 8 HAP Contract for 20 years and extending the building’s useful life with a comprehensive renovation.

The development project fully modernized building systems, updated the apartment unit interiors, and expanded the community’s amenities. The property now includes a new fitness center, computer area, game room, library, and resident service coordination.

The rehabilitation work also includes scope designed to achieve Enterprise Green Communities certification, dramatically reducing the building’s energy usage.

SOCIAL IMPACT
The property will greatly benefit from the expansion of resident services and the addition of a new fitness center, service coordinator’s office, and computer area. The full-time budget-based resident service coordinator, and the Jonathan Rose Companies social impact team, in partnership with Community Opportunity Fund, plan to expand and enhance resident services and wellness initiatives for the residents.