Standard Communities announced it is making its entry into Michigan, in a joint venture with River Caddis Development participating in a public-private partnership creating a ground-up affordable community in Kalamazoo. The public-private partnership includes the Michigan State Housing Development Authority, Kalamazoo County and the City of Kalamazoo. WNC & Associates is the equity partner. The development, River’s Edge, is capitalized at $56 million.
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