{"id":8183,"date":"2024-05-28T19:10:52","date_gmt":"2024-05-28T23:10:52","guid":{"rendered":"https:\/\/lighthousemi.org\/?post_type=news-items&#038;p=8183"},"modified":"2024-06-06T19:11:35","modified_gmt":"2024-06-06T23:11:35","slug":"lighthouse-secures-13m-for-campus-expansion-and-prepares-for-75m-in-pontiac-based-affordable-housing-projects","status":"publish","type":"news-items","link":"https:\/\/lighthousemi.org\/news-items\/lighthouse-secures-13m-for-campus-expansion-and-prepares-for-75m-in-pontiac-based-affordable-housing-projects\/","title":{"rendered":"Lighthouse Secures $13M for Campus Expansion and Prepares for $75M in Pontiac-Based Affordable Housing Projects"},"content":{"rendered":"<div id=\"modal-ready\"><p>Lighthouse, a Pontiac-based nonprofit dedicated to building equitable communities that alleviate poverty, is pleased to announce it has secured $13M in lead gifts and funding for its campus expansion project. The plan includes redeveloping Lighthouse\u2019s existing headquarters at 46156 Woodward Ave. in Pontiac into the Lighthouse Central Campus &#8211; a strong, centralized base of operations, and a \u201cone stop shop\u201d for Oakland County residents in need.<\/p>\n<p>The campus spans two blocks between Woodward Avenue and Center Street, bordered by Cottage Street to the north and Park Place to the south. It incorporates several properties Lighthouse already owns and includes several key elements designed to address the most pressing emergency food, shelter, and community needs.<\/p>\n<p>&#8220;This is a once in a generation project. The vision encompassed in this campus could not be more comprehensive, more bold, or more centered around the people it\u2019s there to serve,\u201d said Kate Levin Markel, President of the McGregor Fund. \u201cWe think this is going to be transformational for Lighthouse\u2019s clients and partners and it calls for transformational level support. We are grateful for the opportunity to support truly extraordinary work.\u201d<\/p>\n<p>The following funding has been committed to date:<\/p>\n<ul>\n<li>$8M in American Rescue Plan Act (ARPA) funding Oakland County<\/li>\n<li>$1.5M in American Rescue Plan Act (ARPA) funding Michigan State Housing Development Authority (MSHDA) contingent on completion of the Environmental Review\/HUD NEPA<\/li>\n<li>$1M from each of the following: McGregor Fund, The Carls Foundation, Erica and Jeff Lawson Family Foundation<\/li>\n<li>$600,000 from the Michigan Department of Health and Human Services, the Lighthouse Board, staff and others<\/li>\n<\/ul>\n<p>\u201cWe are grateful to the wide variety of funders and supporters who are stepping up to help our community in such an extraordinary and meaningful way,\u201d said Lighthouse CEO Ryan Hertz. \u201cThe Lighthouse Campus is a truly game changing opportunity for us to provide a long-term, sustainable response to the poverty and inequity impacting tens of thousands of people in our community. This campus will help us better address the lack of affordable housing, food accessibility, and economic opportunities that threaten the health and vitality of our entire community and local economy. Our partners and supporters are helping to make this vision a reality.\u201d<\/p>\n<p>Lighthouse is also working to secure $8.5M in new market tax credits as part of its ongoing fundraising efforts. Construction for the estimated $32M+ project could begin late this year or early next year.<\/p>\n<p><strong>Affordable Housing Projects to Get Underway in Pontiac<\/strong><\/p>\n<p>Lack of affordable housing has become an increasingly serious problem nationwide, including in Michigan. According to the Resilient Homes Michigan coalition, Michigan is short 203,000 affordable housing units statewide. As more low-income families compete for a dwindling number of affordable rental units, it\u2019s harder than ever for individuals and families to find housing, and they\u2019re stretched thin paying rent.<\/p>\n<p>In 2024, Lighthouse is helping to develop $75M worth of new affordable housing units in Pontiac alone. The projects include:<\/p>\n<ul>\n<li><strong>Auburn Place: <\/strong><strong>454 Auburn, Pontiac, MI\u00a0<\/strong><\/li>\n<\/ul>\n<p>A brand new 5-story building with 54 units. The $29M project is expected to break ground this fall and will take about 18 months to complete.<\/p>\n<ul>\n<li><strong>Beacon Square &amp; Townhomes: <\/strong><strong>101 Mechanic Street, Pontiac<\/strong><\/li>\n<\/ul>\n<p>This $14M project is also expected to get underway this fall, resulting in 40 updated units, improving the quality of existing affordable housing. This is a redevelopment of properties currently owned by Lighthouse.<\/p>\n<ul>\n<li><strong>Lighthouse Central Campus: <\/strong><strong>46156 Woodward Ave.,<\/strong><strong> Pontiac<\/strong><\/li>\n<\/ul>\n<p>This $32M project will permanently increase Lighthouse\u2019s short-term shelter capacity from 30 to 150 beds, to serve an estimated 600 people each year in a more dignified way.<\/p>\n<p>The project will also consolidate Lighthouse\u2019s emergency food service program and establish a client-choice social supermarket; create an Economic Opportunity Center focused on income, employment, and educational needs of the community; increase the availability of on-site supportive services and redevelop the current administrative building to include an event space and cafe accessible to the public for social connections, special events, and neighborhood gatherings. The Wellness Plan and Center for Employment Opportunities (CEO) will be tenants, providing healthcare and workforce development onsite.<\/p>\n<p>\u201cLighthouse\u2019s projects contribute to the vision and priorities in the City of Pontiac\u2019s Master Plan by strengthening neighborhoods, eliminating blight and vacant land, and fostering mixed use development along the Woodward corridor,\u201d added Hertz. \u201cThe campus project, and our other affordable housing development projects, will benefit residents by providing access to low cost housing, shelter and other needed services within a neighborhood and walkable campus.\u201d<\/p>\n<\/div>","protected":false},"featured_media":8184,"template":"","meta":{"_acf_changed":false,"xn-wppe-expiration":[],"xn-wppe-expiration-action":[],"xn-wppe-expiration-prefix":[],"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_links_to":"","_links_to_target":""},"news_categories":[172,124],"class_list":["post-8183","news-items","type-news-items","status-publish","has-post-thumbnail","hentry","news_categories-campus-redevelopment","news_categories-lighthouse-general"],"acf":{"photo_gallery":{"gallery":[[]]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lighthouse Secures $13M for Campus Expansion and Prepares for $75M in Pontiac-Based Affordable Housing Projects - Lighthouse<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lighthousemi.org\/news-items\/lighthouse-secures-13m-for-campus-expansion-and-prepares-for-75m-in-pontiac-based-affordable-housing-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lighthouse Secures $13M for Campus Expansion and Prepares for $75M in Pontiac-Based Affordable Housing Projects - Lighthouse\" \/>\n<meta property=\"og:description\" content=\"Lighthouse, a Pontiac-based nonprofit dedicated to building equitable communities that alleviate poverty, is pleased to announce it has secured $13M in lead gifts and funding for its campus expansion project. 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