Millions of dollars invested in new affordable homes in Holt


HOLT, Mich. (WLNS) – Back in January, construction workers started getting their hands dirty to build a brand new affordable housing project in Holt, MI.

The housing project called “Prestwick Village” will offer 66-units for people to move into with either one, two or three bedrooms.

And not only are the homes in “Prestwick Village” affordable but they will also be providing support services for veterans who have experienced homelessness as well as those living with special needs.

“We saw a need within the Holt community so we found the site and feel we put the right project in the right place,” said Developer Tim Hovey.

After investing $8.9 million in the affordable housing project, United Healthcare and investors (Cinnaire & Minnesota Equity Fund) were ready to show off their progress.

“We’re about 2/3 of the way completed on the development and we’re coming out to just take a look, see how it’s coming along and we have some units that are near completion so we want to get a feel for what the units are going to look like and then also take a look at some other ones that are under construction,” Hovey stated.

United healthcare invested $17 million to provide affordable homes throughout Michigan.

“They’re pretty sizable, got a nice volume to it and then we’re also developing these units to lead silver standards so they’re going to be eco-friendly and highly efficient,” said Hovey.

“It’s all about creating affordable housing for low income and homeless people and our veterans,” said Dennis Mouras, CEO of United Healthcare Community Plan of Michigan.

The community will also be within walking distance for different amenities.

“The people who need these services the most…it gives them housing, it gives them the other support services and healthcare and employment help and things like that,” Mouras stated.

“We’re very excited to be here and very excited to bring this to the Holt community,” Hovey said.

The construction on these homes will be completed at the end of the year but people can start moving in during the second week of September.

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