Lansing Housing Commission's Sale Documents Submitted To HUD

Petroff Appraisals
File No. 2220turner
May 6, 2021
Lansing Housing Commission

419 Cherry St.
Lansing, MI, 48933
File Number: 2220turner
In accordance with your request, I have appraised the real property at:
2220 Turner St.

Lansing, MI 48906
The purpose of this appraisal is to develop an opinion of the defined value of the subject property, as improved.
The property rights appraised are the fee simple interest in the site and improvements.
In my opinion, the defined value of the property as of May 6, 2021 is:
$110,000
One Hundred Ten Thousand Dollars
The attached report contains the description, analysis and supportive data for the conclusions,
final opinion of value, descriptive photographs, assignment conditions and appropriate certifications.
DJP
Restricted Appraisal Report File No. 2220turner
This report is limited to the sole and exclusive use of the client. The rationale for how the appraiser arrived at the opinions and conclusions set forth in this report may not be understood properly without additional
LLI information in the appraisers workfile. The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property, given the intended use of the appraisal.
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2 Client Lansing Housing Commission E-mail kims@lanshc.org
S Client Address 419 Cherry St. City Lansing State Ml Zip 48933
ci. Intended Use The intended use of the report is to establish a market value of the residential property for potential resale. The intended user
of the report is the Lansing Housing Commission.
Property Address 2220 Turner St. City Lansing State Ml Zip 48906
i- Other Description (APN, Legal, etc.), if applicable Legal:COM 202.7 FT NW'LY FROM INT'N NE COR TURNER ST & MOSELY AVE, TH E 120 FT,
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-, NW'LY 60 FT PARL TO ELY LINE TURNER ST1_W 120 FT, SE'LY 60 FT TO BEG; SEC 4 T4N R2W , PP#:33-01-01-04-454-042
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Property Rights Appraised 0 Fee Simple 0 Leasehold u Other (describe)
Subject property existing use: Residential Use reflected in appraisal: Residential
Highest and Best Use: 0 Existing 0 Other:
My research 0 did 0 did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal.
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cc Prior Sale/Transfer: Date N/A Price N/A source(s) MLS Records/Assessor
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1- Analysis of prior sale transfer history of the subject property (and comparable sales, if applicable) None Noted
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w Offerings, options and contracts as of the effective date of the appraisal None Noted
Marketability Comments: Financing was found to be readily available at attractive rates of interest and at terms generally acceptable to the
typical buyer. Marketing times are currently in balance and homes are selling with average to good frequency within the subject market
area. All information is taken from the local board of realtors and local assessors records. Properties in the subjects area appear
maintained and the subject has services and amenities similar to or consistent with other competitive properties in the subjects
surrounding Lansing area.
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Site Comments: See Attached Addendum
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Improvement Comments: All information used and relied upon within the report was gathered from an exterior inspection of the home, the
local Assessor and details about the home from the Lansing Housing Commission. It is assumed that all information used and relied
upon within the report is current and correct.
FEATURE SUBJECT COMPARABLE SALE NO. 1 COMPARABLE SALE NO. 2 COMPARABLE SALE NO. 3
2220 Turner St. 326 Douglas Ave. 226 W. Randolph St. 2304 Turner St.
Address Lansing, MI 48906 Lansing, MI 48906 Lansing, MI 48906 Lansing, MI 48906
Proximity to Subject 0.24 miles SE 0.25 miles NW 0.07 miles NW
Sale Price $ $ 102,600 $ 118,000 $ 127,000
Sale Price/Gross Liv. Area 0.00 sq. ft. $ 85.15 sq. ft. $ 109.46 sq. ft. $ 78.40 sq. ft.
Data Source(s) GLARMLS#:252822/DOM:8 GLARMLS#:254422/DOM:22 GLARMLS#:249733/DOM:36
Verification Source(s) Assessor Assessor Assessor
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION () s Adjustment DESCRIPTION 1-) s Adjustment DESCRIPTION +11 s Adjustment
Sale or Financing Conventional Conventional FHA
Concessions Concessions -3,078 No Concessions No Concessions
Date of Sale/Time 03/05/2021 05/04/2021 12/03/2020
Location Suburban Suburban Suburban Suburban
Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple
Site 60x100 100x132 52x151 82x150
View Residential Residential Residential Residential
x Design (Style) 2 Story 2 Story Cape Cod 2 Story
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a Quality of Construction Average Average Average Average
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Actual Age 1985 1918 +5,130 1923 +5,900 1937 +6,350
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a Condition Average Average Average Average
Z Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms. Baths Total Bdrms Baths
0
(/) Room Count 6 3 1 6 3 1 6 3 1.1 -2,000 6 3 2 -4,000
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.:( Gross Living Area 15.00 1,159 sq. ft. 1,205 sq. ft. -690 1,078 sq. ft. 1,215 1,620 sq. ft. -6,915
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2 Basement & Finished Full Full Full Full
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0 Rooms Below Grade Unfinished Unfinished Finished -4,000 Unfinished
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w Functional Utility Average Average Average Average
a Heating/Cooling FWA/NAC FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000
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Energy Efficient Items None None None None
Garage/Carport No Garage No Garage 2 Car Garage -4,000 2 Car Garage -4,000
Porch/Patio/Deck Porch Similar Similar Similar
Net Adjustment (Total) 0 + U - 1,362 0+ 0 6,885 0 J. 12,565

Adjusted Sale Price Net Adj. 1.3% Net Adj. -5.8% Net Adj. -9.9%
of Comparables Gross Adj. 8.7% $ 103,962 Gross Adj. 17.9% $ 111,115 Gross Adj. 19.9% $ 114,435
Summary of Sales Comparison Approach See Attached Addendum
ndicated Value by Sales Comparison Approach $ 110,000

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, pa Page 1 of 3 (gPARm) General Purpose Appraisal Report 03i2017

GPARRES2 17(13272017
Methods and techniques employed: 0 Sales Comparison Approach 0 Cost Approach 0 Income Approach 0 Other:
For the purpose of this report and the intended use, the
Discussion of methods and techniques employed, including reason for excluding an approach to value:
sales comparison approach to value was the only approach considered and would be the most practical way to determine market value
for the subject in this situation.
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p, Reconciliation comments: After an exterior inspection of the subject and reviewing the comparables available in the subjects area, I find the
4c fair market value of the subject to be $110,000.
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0 Based on the scope of work, assumptions, limiting conditions and appraiser's certification, my (our) opinion of the defined value of the real property that is
(..)
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, subject of this report as of May 6,,...021 , which is the effective date of this appraisal, is:
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( Single point $ 110,000 U Range $ to $ 0 Greater than 0 Less than $
This appraisal is made 0 "as is," n subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed,
0 subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed 0 subject to the following:
Appraiser's Certification
The appraiser(s) certifies that, to the best of the appraiser's knowledge and belief:
1.The statements of fact contained in this report are true and correct.
2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal, impartial, and unbiased
professional analyses, opinions, and conclusions.
3. Unless otherwise stated, the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties
involved.
4. The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment.
5. The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results.
6. The appraiser's compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of
the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.
z 7. The appraiser's analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice.
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P 8. Unless otherwise noted, the appraiser has made a personal inspection of the property that is the subject of this report.
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0 9. Unless noted, no one provided significant real property appraisal assistance to the appraiser signing this certification. Significant real property appraisal assistance provided by:
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Additional Certifications:
Type of Value: Z Market Value 0 Other Value:

Source of Definition:
Appraisal Institute 2020-2021 USPAP
Definition of Value: A
type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership or a bundle of
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such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable
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APPRAISER CO-APPRAISER
Signature:
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,, 61-1 Signature:
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Name: Doug f' etroff Name:
Company Name: Petroff Appraisals Company Name:
Company Address: PO Box 367 Company Address:
u.i Haslett, MI. 48840
S Telephone Number: 517-896-9952 Telephone Number:
.I:7c Email Address: djpetroff©yahoo.com Email Address:
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0 State Certification # State Certification #
(7 or License # 1203004524 or License #
or Other (describe): State #: State:
State: Ml Expiration Date of Certification or License:
07/31/2022
Expiration Date of Certification or License: Date of Signature:
Date of Signature and Report: 05/16/2021 Date of Property Viewing:
Date of Property Viewing: Degree of property viewing:
Degree of property viewing: 0 Interior and Exterior 0 Exterior Only 0 Did not personally view
0 Interior and Exterior NExterior Only 0 Did not personally view
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Produced using Ad1 software. 800.234.8727 wwx.aciweb.ccm This (cm Copyright @20052016 AC1. a First American Company. Al Rights Reserved.
Page 2013 (gPARrn) General Purpose Appraisal Report 03/2017
GPARRES2_17 03272017
Petroff Appraisals
File No. 2220turner
Scope of Work, Assumptions and Limiting Conditions
Scope of work is defined in the Uniform Standards of Professional Appraisal Practice as " the type and extent of research and analyses in an assignment." In short, scope of
work is what the appraiser did and did not do during the course of the assignment. It includes, but is not limited to: the extent to which the property is identified and inspected,
the type and extent of data researched, the type and extent of analyses applied to arrive at opinions or conclusions.
The scope of this appraisal and ensuing discussion in this report are specific to the needs of the client and to the intended use of the report. This report was prepared for the sole
and exclusive use of the client for the identified intended use and its use by any other parties is prohibited. The appraiser is not responsible for unauthorized use of the report.
The appraiser's certification appearing in this appraisal report is subject to the following conditions and to such other specific conditions as are set forth by the appraiser in the
report. All extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the assignment results.
1. The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or title thereto, nor does the appraiser render any opinion as to the title, which is
assumed to be good and marketable. The property is appraised as though under responsible ownership.
2. Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property. The appraiser has made no survey of the property.
3. The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question, unless arrangements have been
previously made thereto.
4. Neither all, nor any part of the content of this report, copy or other media thereof (including conclusions as to the property value, the identity of the appraiser, professional designations,
or the firm with which the appraiser is connected), shall be used for any purposes by anyone but the client and other intended users as identified in this report, nor shall it be conveyed by
anyone to the public through advertising, public relations, news, sales, or other media, without the written consent of the appraiser.
5. The appraiser will not disclose the contents of this appraisal report unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice.
6. Information, estimates, and opinions furnished to the appraiser, and contained in the report, were obtained from sources considered reliable and believed to be true and correct.
However, no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser.
7. The appraiser assumes that there are no hidden or unapparent conditions of the property, subsoil, or structures, which would render it more or less valuable. The appraiser assumes
no responsibility for such conditions, or for engineering or testing, which might be required to discover such factors. This appraisal is not a home inspection or environmental assessment
of the property and should not be considered as such.
8. The appraiser specializes in the valuation of real property and is not a home inspector, building contractor, structural engineer, or similar "expert", unless otherwise noted. The appraiser
did not conduct the intensive type of field observations of the kind intended to seek and discover property defects. The viewing of the property and any improvements is for purposes of
developing an opinion of the defined value of the property, given the intended use of this assignment. Statements regarding condition are based on surface observations only. The
appraiser claims no special expertise regarding issues including, but not limited to: foundation settlement, basement moisture problems, wood destroying (or other) insects, pest infestation,
radon gas, lead based paint, mold or environmental issues. Unless otherwise indicated, mechanical systems were not activated or tested.
This appraisal report should not be used to disclose the condition of the property as it relates to the presence/absence of defects. The client is invited and encouraged to employ qualified
experts to inspect and address areas of concern. If negative conditions are discovered, the opinion of value may be affected.
Unless otherwise noted, the appraiser assumes the components that constitute the subject property improvement(s) are fundamentally sound and in working order.
Any viewing of the property by the appraiser was limited to readily observable areas. Unless otherwise noted, attics and crawl space areas were not accessed. The appraiser did not move
furniture, floor coverings or other items that may restrict the viewing of the property.
9. Appraisals involving hypothetical conditions related to completion of new construction, repairs or alteration are based on the assumption that such completion, alteration or repairs will
be competently performed.
10. Unless the intended use of this appraisal specifically includes issues of property insurance coverage, this appraisal should not be used for such purposes. Reproduction or
Replacement cost figures used in the cost approach are for valuation purposes only, given the intended use of the assignment. The Definition of Value used in this assignment is not
consistent with the definition of Market Value for property insurance coverage/use unless otherwise stated by the appraiser.
Additional Comments Related To Scope Of Work, Assumptions and Limiting Conditions
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Page 3013 (gPAR.) General Purpose Appraisal Report 0312017
GPARRES2_17 03272017
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2220 Turner St. 2626 Creston Ave. 125 W. Randolph St. 321 E. Thomas St.
Proximity to Subject 0.25 miles NE 0.19 miles NW 0.21 miles NE
Sale Price $ $ 110,000 $ 80,000 $ 128,500
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 93.30 sq. ft. $ 61.92 sq. ft. $ 100.86 s . ft.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION * s Ad ustment DESCRIPTION +11 $ Ad ustment DESCRIPTION • 1-1 s Ad ustment
Sale or Financing MSHDA Conventional Active
Concessions No Concessions No Concessions Listin g
Date of Sale/Time 12/01/2020 01/15/2021 N/A
Site 60x100 41x120 87.3x45.8 42x134
Design (Style) 2 Story Cape Cod Cape Cod 2 Story
Quality of Construction Average Average Average Average
Actual Age 1985 1926 +5,500 1930 +4,000 1927 +6,425
Condition Average Average Average Average
Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms. Baths Total Bdrms. Baths
Room Count 6 3 1 6 3 1 6 3 1 9 5 1 0
Gross LWin Area 15.00 1 ,159 s .ft. 1 ,179 sq.tt. -300 1 ,292 sq.fI. -1 ,995 1 ,274 s it. -1 ,725
Basement & Finished Full Full Full Full
Rooms Below Grade Unfinished Unfinished Unfinished Unfinished
Functional Utility Average Average Average ' Average
Heating/Cooling FWA/NAC FWA/NAC FWA/NAC FWA/NAC
Garage/Carport No Garage 2 Car Garage -4,000 No Garage 1 Car Garage -2,000
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0 Net Adjustment (Total)
a 0+ 0- 1,200
0+ 0 2,005 0 0 2,700
o Adjusted Sale Price Net Adj. 1.1% Net Adj. 2.5% Net Adj. 2.1%
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4 Summary of Sales Comparison Approach
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Additional Comparables (oPAR.) General Purpose Appraisal Report 0N2017
GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 2220turner

Property Address: 2220 Turner St. Case No.:
City: Lansing State: MI Zip: 48906
Site Comments
No adverse conditions or encroachments noted. Typical utility easement does not effect value. The site has average site
improvements, landscaping and typical maintenance. Appraiser can not guarantee that property is free of encroachments or
easements, and recommends further investigation and survey if needed. I have not checked the land records for recorded
easements and have reportedly apparent easements, encroachments and other apparent adverse conditions.
Surface drainage appeared to be adequate at the date of the appraisal report, however, seasonal variation may occur. The
appraiser is not qualified to render any specific opinions regarding drainage.
Comments on Sales Comparison

The sales are considered to be the best and most representative of the surrounding area. Gross living area is based on
square feet. All other adjustments were market driven except as noted. I reviewed current active listings, pending sales,
and closed sales to compile a group of sales that best represent the subjects, amenities, quality of construction, and
location/market area. The comparables used provide a range of viable alternatives to the subject, if one assumed all of the
comparables and the subject were currently active on the market. As photographs of comparable sales used in this report
were not necessarily taken at the time of the appraisal. Some archived photos are deemed a better photo based on time of
day, angle of photo or that individuals were located within the frame of the photo. Therefore, some photos used a from prior
appraisals, MLS records or inspections and may show a for-sale sign that had not been removed as of yet, or a change in
season. Due to the limited number of sales and the overall stability of general neighborhood, the sales used for the report
are the closest, best available to this appraiser and most reliable. Had there been additional sales that were similar to the
subject property, they would have been used in this report, however, this is not the case in this subjects area.
All comparables were used for size, style, age, location to the subject, and similar settings and surroundings in the Lansing
area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are seven active listing, active
accepting back up offers, or pending sales within the search criteria with a range of $49,000-$128,500 and a median value
of $79,343. Over the past 12 months there have been 35 sales with a range of $10,000-$138,000 and a median value of
$80,260.
I searched the subjects neighborhood as well as competitive adjoining neighborhoods to the subject up to a 1/2 mile over the
past 12 months for homes with similar size, assumed conditions, surroundings and amenities similar to the subject.
I was able to view interior and exterior pictures of the comparables as well as comments from the Realtor as available to
make a determination as to the condition and improvements that have been made to the comparables and how they relate to
the subject.
After all adjustments were applied to the comparables, I analyzed the comparables to determine a fair market value for the
subject. In analyzing the comparables I calculated the average sales price, the average price per square foot, the average
adjusted values and the average adjusted price per square foot. The average price of the comparables was $111,016, with
an average price per square foot of $88.18/sf. The adjusted price of the comparables was $108,986, with an average price
per square foot of $86.80/sf. After assessing the comparables used in the report, along with the subject and the active
listing that would be considered competition, I arrived at a market value.
I relied on all comparables in the report when arriving at value as well as the median averages of the neighborhood and the
selected comparables which would show a range of size, age, conditions, surroundings and amenities that would be a good
indication as to what the typical buyer is willing to pay for a like product in the subjects area.
Extra Comments
"I have performed no other services, as an appraiser or in any other capacity, regarding the property that
is the subject of the work under review within the three-year period immediately preceding acceptance
of this assignment.
EXPOSURE TIME: estimated length of time that the property interest being appraised would have been
offered on the market prior to the hypothetical consummation of a sale at market value on the effective
date of the appraisal. The appraiser feels that with the subject priced accordingly in todays market, that
an average exposure time for the subject would be around 90-180 days.
Certification #2 states that the appraiser performed a "complete visual inspection of the interior and
exterior of the subject property." The appraiser viewed the roof from the ground if it was not obstructed
from view at the time of the inspection. The appraiser is not an expert in mechanical systems and is
not a "Home Inspector." No one, including the client or any third parties, should rely on this report to
identify the types of deficiencies in construction, structure or mechanical systems that a qualified home
inspector would be called in to identify. If the client is concerned about the construction, structural or
mechanical systems of the subject property, the client is invited and encouraged to hire an expert
inspection in the specific area of concern.
In Michigan, appraisers are required to be licensed and are regulated by the Department of Licensing
and Regulatory Affairs, P.O. Box 30018, Lansing, MI. 48909.
In a sales transaction, I have been furnished a copy of the purchase agreement and am aware of its
content unless stated to the contrary, and/or any change orders that have been brought to the appraisers
attention by the builder in the case of new construction.
Any party other than the named client that relies on this report does so at their own risk.
The value of items other than real property is zero unless stated differently in the Comments and
Addendum Page 1 of 2
ADDENDUM

Conditions Section of the Appraisal report. The mortgage collateral in this appraisal is limited to real
estate.
Highest and best use conclusions are developed by analyzing and correlation that which is legally
permissible, physically possible, economically feasible, maximally productive and which produces the
greatest return.
This appraisal report is a "Appraisal Report" which is intended to comply with the reporting
requirements set forth under Standard Rule 2-2(a) of the Uniform Standards of Professional Appraisal
Practice for an Appraisal Report. As such, it presents only summary discussions of the data, reasoning,
and analysis that was used in the appraisal process to develop the appraisers opinion of value.
Supporting documentation that is not provided with the report concerning that data, reasoning, and
analysis is retained in the appraisers files. The depth of discussion contained in this report is specific to
the needs of the client and for the intended use stated in the report. The appraiser is not responsible for
unauthorized use of this report.
The appraiser reserves the right to inform any future potential client of any prior assignment or service
regarding the subject property, or any part thereof, in accordance with the provisions required within the
Ethics Section of USPAP 2020-21. Such notification shall be of the fact of the existence of previous
assignment or service performed within the prior 36 months and shall not include specifics or details of
the analysis or the results of any conclusions drawn from such analysis.
I certify that to the best of my knowledge and belief, the reported analysis, opinions and conclusions
were developed and this report has been prepared in conformity with the requirements of the Code of
Professional Ethics and the Standards of the Professional Appraisal Practice of the Appraisal Institute.
SUBJECT PROPERTY PHOTO ADDENDUM
_City: Lansing State: MI Zip: 48906
FRONT VIEW OF
SUBJECT PROPERTY
Appraised Date: May 6, 2021

Appraised Value: $ 110.000
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE PROPERTY PHOTO ADDENDUM
_City: Lansing State: Ml Zip: 48906
COMPARABLE SALE #1
326 Douglas Ave.

Lansing, MI 48906
Sale Date: 03/05/2021
Sale Price: $ 102,600
COMPARABLE SALE #2
226 W. Randolph St.

Lansing, MI 48906
Sale Date: 05/04/2021
COMPARABLE SALE #3
2304 Turner St.

Lansing, MI 48906
Sale Date: 12/03/2020
COMPARABLE SALE #4
2626 Creston Ave.

Lansing, MI 48906
Sale Date: 12/01/2020
COMPARABLE SALE #5
125 W. Randolph St.

Lansing, MI 48906
Sale Date: 01/15/2021
COMPARABLE SALE #6
321 E. Thomas St.

Lansing, MI 48906
Sale Date: N/A
C..i:1(,1 I (;111-1(? of :1 Af .1 01:f

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FLOOD INFORMATION LEGEND
Community: City of Lansing = FEMA Special Flood Hazard Area - Hrgh Risk
Property is NOT in a FEMA Special Flood Hazard Area
Map Number: 26065C0018D • = Moderate and Minimal Risk Areas
Panel: 26065C0018 Road View:

Zone: X
-= Forest Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DF1RM
Sky Flood"'
40 fogootentabone or warranties to soy petty cameo twig Hie content, acturaof or ountolotanass of the flood reptst inducing any wattanty of mett.hantabllitv or
fitness for a partsuier purpose 4 implied or toonciod Vrsuai scats!) factors difto between map Wets and deer vapatato from flood Rand asfomtabon at felAllot! kxat.on
No inbtlity a steamed seamy Mal party for any use or mouse- of Om Rood map or Its data
Petroff Appraisals
File No. 2716fireside
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 2716fireside
2716 Fireside Dr.

Lansing, MI 48910
In my opinion, the defined value of the property as of April 27, 2021 is:
$150,000
One Hundred Fifty Thousand Dollars
DJP
Restricted Appraisal Report File No. 2716fireside
This report is limited to the sole and exclusive use of the client. The rationale for how the appraiser arrived at the opinions and conclusions set forth in this report may not be understood property without additional
co
Property Address 2716 Fireside Dr. City Lansing State Ml Zip 48910
t- Other Description (APN, Legal, etc.), if applicable Legal:Lot 35 Leawood Subdivision , PP#:33-01-01-26-452-191
0
ill
-,
S Property Rights Appraised 0 Fee Simple 0 Leasehold 0 Other (describe)
co
>- Prior Sale/Transfer:
cc Date N/A Price N/A source(s) MLS Records/Assessor
0 Analysis of prior sale transfer history of the subject property (and comparable sales, if applicable)
1- None Noted
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2716 Fireside Dr. 2128 Robinson 2810 Aurora Dr. 3011 N. Aurelius Rd.
Proximity to Subject 0.36 miles SW 0.33 miles NW 0.51 miles NW
Sale Price $ $ 115,000 $ 162,000 $ 128,300
Data Source(s) GLARMLS#:251727 GLARMLS#:252783/DOM:21 GLARMLS#:244826/DOM:96
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION +1-) s Adjustment
Concessions Concessions -3,000 Concessions -2,600 Concessions -3,849
Date of Sale/Time 03/26/2021 03/05/2021 09/01/2020
Site 96x150 66x295 50x115 85.5x231
x Design (Style) Cape Cod Cape Cod 2 Story 2 Story
0
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a.
Actual Age 1971 1962 1975 1945
0 - Condition
a Average Average Average Average
0
(/) Room Count 7 4 2 6 3 1 +4,000 6 3 1.1 +2,000 7 3 1.1 +2,000
cc
.:( Gross Living Area 20.00 1,322 sq. ft. 1,075 sq. ft. 4,940 1,274 sq. ft. 960 1,415 sq. ft. -1,860
a,
2 Basement & Finished Full Full Full Crawl +3,975
o
0 Rooms Below Grade Unfinished Unfinished Part Finished -4,000 Unfinished
co
a Heating/Cooling FWA/NAC FWA/NAC FWA/CAC -4,000 FWA/NAC
w
Garage/Carport No Garage 1 Car Garage -3,000 1 Car Garage -3,000 2 Car Garage -6,000
0 F/P 1 F/P -500 0 F/P 1 F/P -500
Net Adjustment (Total) 0 + U - 2,440 0 + 0 10,640 0 0 6,234



GPARRES2 17 03272017
Restricted Appraisal Report File No. 2716fires1de
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cc , April 21
.4 2021 , which is the effective date of this appraisal, is:
( Single point $ 150,000
[2_j U Range $ to $ 0 Greater than 0 Less than $
involved.
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Signature:
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Name: Doug ,' etroff Name:
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07/31/2022
Date of Property Viewing: 04/27/2021 Degree of property viewing:
gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 2716f1res1de
gparT
GPARRES2_17 03272017
,.r
2716 Fireside Dr. 2423 Artisan Dr. 3422 Stoneleigh Dr. 2921 Manley Dr.
Address Lansing,MI 48910 Lansing,MI 48910 Lansing,MI 48910 Lansing,MI 48910
Proximity to Subject 0.38 miles SW 0.26 miles SW 0.19 miles NW
Sale Price $ 166,000 $ 167,422 $ 164,999
Sale Price/Gross Liv. Area $ 0.00 s .it. $ 158.40 sg.tt. $ 163.18 sq.ft. $ 119.05 s
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +1-) $ Ad usiment DESCRIPTION +1-) $ Ad usiment DESCRIPTION • IISAdiustment
Sale or Financing Conventional Conventional Pending

Concessions No Concessions No Concessions Sale
Site 96x150 72x144 46x193.89 102x204
Desian IStyle Ca e Cod Ranch Ranch Cape Cod
Quality of Construction Averacie Average Average Average
Actual Age 1971 1980 1979 1957
Condition Averacie Averacie Avera e Averacie
Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths
Room Count 7 4 2 6 3 1 +4,000 6 3 1 +4,000 7 4 1 +4,000

Gross Living Area 20.00 1.322 s .it. 1,048 sa.tt. 5,480 1,026 so. II 5,920 1,386 s .it. -1.280
Rooms Below Grade Unfinished Part Finished -4,000 Finished -6,000 Unfinished
Functional Utility Average Average Average Average
Heating/Cooling
Coolin FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000 FWA/CAC -4.000
Enemy Efficient Items None None None None
Garage/Carport No Garage 2 Car Garage -6,000 2 Car Carport -3,000 2 Car Garage -6,000
0 F/P 0 F/P 0 F/P 1 F/P -500
Net Adjustment (Total) 04 0- 4,520 0+ 3,080 0+ 0- 7,780

Adjusted Sale Price Net Adj. -2.7% Net Adj. -1.8% Net Adj. -4.7%
of Comparables Gross Adj. 14.1% $ 161,480 Gross Adj. 13.7% 164,342 Gross Adj. 9.6% 157,219
Summary of Sales Comparison Approach
par
Produced using ACI software. 800.234.8727 mw.aciweb.com This town Copyright 2005-2016 ACI. a First American Company. An Rights Reserved.
GPARRES2 17(13272017
ADDENDUM
Client: Lansing Housing Commission File No.: 2716fireside

Property Address: 2716 Fireside Dr. Case No.:
Site Comments

area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are one active listing, active
accepting back up offers, or pending sales within the search criteria listed at $164,999. Over the past 12 months there have
been 17 sales with a range of $82,000-$176,000 and a median value of $150,772.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
City: Lansing State: Ml Zip: 48910
FRONT VIEW OF
SUBJECT PROPERTY
Appraised Date: April 27, 2021

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
2128 Robinson
Lansing, MI 48910
Sale Date: 03/26/2021
COMPARABLE SALE #2
2810 Aurora Dr.

Lansing, MI 48910
Sale Date: 03/05/2021
'1(0 Clinak:i I awing Am:)c:ifIlioo of I fl Al 101:f.
COMPARABLE SALE #3
3011 N. Aurelius Rd.

Lansing, MI 48910
Sale Date: 09/01/2020
COMPARABLE SALE #4
2423 Artisan Dr.

Lansing, MI 48910
Sale Date: 09/25/2020
Sale Price: $ 166.000
COMPARABLE SALE #5
3422 Stoneleigh Dr.

Lansing, MI 48910
Sale Date: 08/21/2020
COMPARABLE SALE #6
2921 Manley Dr.

Lansing, MI 48910
Sale Date: N/A
LOCATION MAP
Hotter Hark Loo y r°4:k7

Crego Park
W JOSePil
6
Evergreen Dental Center
,e Ave E Mt Hope Ave Fenner F Mt Hope Ave E Mt Hope Ave F Mt Hope Ave Mt Hope
Nature Center
PH snIlainV N
If
Comparable Sale 2
2810 Aurora Dr. Comparable Sale 6 .
Lansing, MI 48910 2921 Man ley Dr.
0.33 miles NW Lansing, MI 48910
0.19 miles NW
n Ave
Forest Rd Forest Rd Forest R
Comparable Sale 3 z 1'
3011 N. Aurelius Rd. 30
:ifigan km Ave G i Au Bonh ur des 9
..8 c Subject
hopedic Cente Lansing, MI 48910 E0. Forest Enfants- .-rench„.
0.51 miles NW 2716 Fireside Dr.
73 View Park Lansing, MI 48910 11271
Q. L...)
Cozy Bear Child 9
Scott Care Home
tramesP"'
Woods Park
Robmson Rd
Rise & Shine Child Care 9
4nyt Ave Forest View 9
Elementary School
a 9 Beekman
Elementary Sch
Sold an Dog Poo,
Comparable Sale 1 Happy Elephant
2128 Robinson Child Care Wabirsh Rd
Lansing, MI 48910
0.36 miles SW
.Provirociai House Or
Artisan Or
0.
Comparable Sale 5
Comparable Sale 4
3422 Stoneleigh Dr.
'Z
0 2423 Artisan Dr.
Lansing, MI 48910
Lansing, MI 48910
0.26 miles SW
0.38 miles SW °
Hawk
Island Park
ugh Rd E Cavanaugh Rd E Cavanaugh Rd

ounckei Rd
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• ',Verne St o4
4 frappes Cove trair
94
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PC-
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5 0.
Maguire Park n Or
E Jolly Rd [Jolly Rd
Google flap data ©2021
FLOOD MAP
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•
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Village
EMI Hoc Att 101 ,1,..-0,0‘or /141111 t,1",,,t gyJ

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vim Park V16 FIRESIDE DR 9 a
LANSING, MI 48910
;i!& a :1 ir Child Caii.
Berkman
Fa r rat %Ara QElementary Schad Oairy
Teaching
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Community: City of Lansing
111 FEMA Special Flood Hazard Area - High Risk

Zone: X
-= Forest Water
Map Date: 08-16-2011
Fl PS: 26065
Source: FEMA DFIRM
Sky Flood"'
No feProsentations Qr warrantosa kiwiy party oonconeio ft, tonfoit, accuracy or ouroolotertass of this flood reptat including any intirrunty of mairhantabtlity or
fitness for a particular purpose is IMplifild or rooncioad VVu.1 catmg Noon alter between map layana and WM 10,ipetato front flood 21:101? rfltOITIlitbOrlat Allifturf kxat.on
No inbtlity sccoplz•d to ATV Mud party for any use or mamma- offhis flood map or its chits
Petroff Appraisals
File No. 3210young
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 3210young
3210 Young Ave.

Lansing, MI 48906
$100,000
One Hundred Thousand Dollars
DJP
Restricted Appraisal Report File No. 3210young
CO
a. Intended Use The intended use of the report
is to establish a market value of the residential property for potential resale. The intended user
Property Address 3210 Young Ave. City Lansing State Ml Zip 48906
f— Other Description (APN, Legal, etc.), if applicable Legal:Lot 183 Westmont Subdivision , PP#:33-01-01-06-130-091
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3210 Young Ave. 3201 Alfred Ave. 3517 Lafayette Ave. 3122 Amherst Dr.
Proximity to Subject 0.03 miles SE 0.23 miles SW 0.17 miles SW
Sale Price $ $ 82,400 $ 130,000 $ 143,100
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION 4) s Adjustment
Sale or Financing FHA Conventional FHA
Concessions Concessions -4,242 No Concessions Concessions -4,293
Date of Sale/Time 07/17/2020 11/30/2020 07/07/2020
Site 50x103 75x96.75 51x100 70x120
x Design (Style) Cape Cod Cape Cod Cape Cod Cape Cod
0
o
cc
a.
Actual Age 1971 1928 1960 1970
0-
0
(/) Room Count 7 4 1 7 4 1 6 3 1 0 7 4 1.1 -2,000
cc
.:( Gross Living Area 15.00 1,298 sq. ft. 1,120 sq. ft. 2,670 1,056 sq. ft. 3,630 1,600 sq. ft. -4,530
a,
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0 Rooms Below Grade Unfinished Unfinished Finished -6,000 Part Finished -4,000
ill Functional Utility Average Average Average Average
u)
Net Adjustment (Total) 0 + 0- 3,572 0+ 0 $ 0

8,370 0 22,823

, pa Page 1 of 3 (gPARm) General Purpose Appraisal Report 0312017

GPARRES2 17 03272017
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Signature:
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.I:7( Email Address: djpetroff©yahoo.com Email Address:
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(5 State Certification # State Certification #
07/31/2022
gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 3210young
gparT
Produced using ACI software. 800.234.8727 www.aciweb.ccm This fctrn Copyright 020052016 AU. a First American Company. Al Rights Reserved.
GPARRES2_17 03272017
,.r
3210 Young Ave. 3014 Lafayette Cr. 3007 Sheffer Ave. 3007 Sheffer Ave.
ProximitytoSubject 0.18 miles SW 0.18 miles SW 0.18 miles SW
Sale Price $ $ 115,000 $ 94,250 $ 109,900
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +11 s Ad ustment DESCRIPTION +11 s Ad ustment DESCRIPTION • (-1 s Ad ustment
Concessions Concessions -3,000 No Concessions Sale
Site 50x103 70x115 50x103 50x103
Design )Style) Cape Cod Ranch Ranch Ranch
Actual Age 1971 1956 1955 1955
Above Grade Total Bdrms. Baths Total Bdrms Baths Total Bdrms. Baths Total Bdrms Baths
Room Count 7 4 1 6 3 1.1 -2,000 5 2 1 5 2 1 0

Gross LWin Area 15.00 1,298 s .ft. 1,207 sq.ft. 1,365 1,084 sq.fI. 3,210 1,084 s .ft. 3,210
Heating/Cooling FWA/NAC FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000
Garage/Carport No Garage 2 Car Garage -4,000 No Garage No Garage
x
a 0 + 0- 7,635
0+ J. 790
0 J. $ 790
o Adjusted Sale Price Net Adj. -6.6% Net Adj. -0.8% Net Adj. -0.7%
CC
Ci- of Comparables Gross Adj. 9.0% $ 107,365 Gross Adj. 7.6% $ 93,460 Gross Adj. 6.6% $ 109,110
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Produced using AC1 software. 800.234.8727 vAvmaciweb.com This town Copyright 2005-2016 AC1. a First American Company. An Rights Reserved.
GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 3210young

Property Address: 3210 Young Ave. Case No.:
Site Comments

area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are six active listing, active
$138,964.
the subject.
Comparable five and six are the same home and used to show the current market conditions of the potential increase in
value within the subjects immediate market over the past year.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
3201 Alfred Ave.

Lansing, MI 48906
Sale Date: 07/17/2020
COMPARABLE SALE #2
3517 Lafayette Ave.

Lansing, MI 48906
Sale Date: 11/30/2020
COMPARABLE SALE #3
3122 Amherst Dr.

Lansing, MI 48906
Sale Date: 07/07/2020
COMPARABLE SALE #4
3014 Lafayette Cr.

Lansing, MI 48906
Sale Date: 10/30/2020
COMPARABLE SALE #5
3007 Sheffer Ave.

Lansing, MI 48906
Sale Date: 09/11/2020
COMPARABLE SALE #6
3007 Sheffer Ave.

Lansing, MI 48906
Sale Date: N/A
LOCATION MAP
W Stele Rd
otP°ct
• Corporal@ Avalon Ormo

0
Ctvc.
Comparable Sale 3
3122 Amherst Dr. Subject
Lansing, MI 48906 3210 Young Ave.
0.17 miles SW Lansing, MI 48906 6 Airm
onsrfr%
Comparable Sale 1 APthik,

3201 Alfred Ave.
Comparable Sale 4 j
Mt V( Rifrer.4 Lansing, MI 48906
3014 Lafayette Cr.
> e 0.03 miles SE
Lansing, M148906 • 1:
0.18 miles SW O.
9. Mint Rd
Sthridard 0, Wikse'r` Wdshri Ave g

tt)
Comparable Sale 6
3007 Sheffer Ave.
Lansing, MI 48906 r
0.18 miles SW Lafayette Ayt
Dr
5
Comparable Sale 2 . *
Comparable Sale 5 3
3517 Lafayette Ave. i'
3007 Sheffer Ave. Pembroke%
, Lansing, M148906 , I Treat MI
Lansing, MI 48906 R
7; 0.23 miles SW •1 .ti
0.18 miles SW c J 3.
. ' ealikittile''' 'fr 4 4' I
S
a,
Camtwey Or 5
s 04M
CumberIand9 Iz cuint,tx'*
Elementary School m.
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and
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Treatment
O'a40.1t
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Barton Rd SPOW4r"‘"'
PickwKk 1.)1
••••
Map data @2021
FLOOD MAP
Capital Rectlon
International
Airport
Mintigun rim•anntent
at 1.1,1tory and
Subject "t•-•• •
near I.
ow,
9
3210 YOUNG AVE Army National Guard
irvrrien neat/ Siur9 LANSING, MI 48906 Maintenance Shoo
0
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Gootate %Pep stougfr2021
=


Zone: X
-= Forest •ri Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DF1RM
Sky Flood'
No yegreeentabons or warranties to any party cancer twig the content, accuracy or completeness of the flood repr't inducing dny rearticrity of marthantability or
fitness for a particular purpose A implied or ponded Veria scats!) tairtors alter between map Wets and are separate from flood WINS intomsahen at 01,ifttatf l.xatron
No iabtlity a accepted to Any Mal party for any ma or Amused Ova fined map or its cheat
Petroff Appraisals
File No. 4206court1and
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 4206court1and
4206 Courtland Dr.

Lansing, MI 48911
$110,000
DJP
Restricted Appraisal Report File No. 4206court1and
CO
a Intended Use The intended use of the report
Property Address 4206 Courtland Dr. City Lansing State Ml Zip 48911
f— Other Description (APN, Legal, etc.), if applicable Legal: Lot 278 Glenburne #5, PP#:23-50-40-36-402-081
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4206 Courtland Dr. 4101 Sheffield Blvd. 4010 Windward Dr. 4008 Heathgate Dr.
Proximity to Subject 0.35 miles NE 0.40 miles NE 0.40 miles NE
Sale Price $ $ 119,500 $ 130,000 $ 100,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION 1-) s Adjustment DESCRIPTION 4) s Adjustment
Sale or Financing Conventional FHA FHA
Concessions No Concessions No Concessions Concessions -6,000
Date of Sale/Time 03/04/2021 12/04/2020 12/18/2020
Site 64x132 60x120 42x125 63x160
x Design (Style) Ranch Ranch Ranch Ranch
0
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cc
a. Actual Age 1985 1966 1965 1972
0- Condition Average Average Average Average
a
0
(/) Room Count 6 3 1 7 3 2 -4,000 6 3 2 -4,000 6 3 1
cc
.:( Gross Living Area 20.00 1,026 sq. ft. 1,056 sq. ft. -600 1,056 sq. ft. -600 1,062 sq. ft. -720
a,
o
0 Rooms Below Grade Unfinished Part Finished -2,000 Part Finished -2,000 Part Finished -2,000
a Heating/Cooling FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000 FWA/CAC -4,000
u)
Garage/Carport No Garage No Garage 2 Car Garage -6,000 No Garage
0 F/P 1 F/P -500 1 F/P -500 0 F/P
Net Adjustment (Total) 0 + J. 11,1000 + 0 17,1000 J. $ 12,720



GPARRES2 17 03272017
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, subject of this report as of April 21
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Signature:
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07/31/2022
gpar
GPARRES2_17 03272017
Petroff Appraisals
gparT
GPARRES2_17 03272017
,.r
Restricted Appraisal Report File No. 4206c0urt1and
4206 Courtland Dr. 3639 Blue River Dr. 4030 Heathgate Dr. 4124 Heathgate Dr.
Sale Price $ $ 105,000 $ 128,000 $ 122,000
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 102.74 sq. ff. $ 126.98 sq. ft. $ 112.96 s A.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION • s Ad ustment DESCRIPTION • (-) $ Ad ustment DESCRIPTION • (-1 s Ad ustment
Sale or Financing Cash Conventional Pending
Site 64x132 80.37x145.5 60x125 72.52x125
Design )Style) Ranch Ranch Ranch Ranch
Actual Age 1985 1968 1973 1973
Room Count 6 3 1 5 2 1 6 3 1 6 3 1
Gross LWin Area 20.00 1,026 s .ft. 1,022 sq.tt. 80 1,008 sq.fI. 360 1,080 s .ft. -1,080
Heating/Cooling FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000 FWA/NAC
Garage/Carport No Garage 1 Car Garage -3,000 2 Car Garage -6,000 No Garage
0 F/P 2 F/P -1,000 0 F/P 0 F/P
x
a 0 + J. 7,920 0+ J. 9,64011) J. 1,080
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GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 4206c0urt1and

Property Address: 4206 Courtland Dr. Case No.:
Site Comments

area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are nine active listing, active
$125,984.
the subject.
Extra Comments
of this assignment.
ADDENDUM
Client: Lansing Housing Commission File No.: 4206cour11and

estate.
greatest return.
Client: Lansing Housing Commission File No.: 4206court1and
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
Client: Lansing Housing Commission File No.: 4206courtland
Property Address:4206 Courtland Dr. Case No.:
COMPARABLE SALE #1
4101 Sheffield Blvd.

Lansing, MI 48911
Sale Date: 03/04/2021
COMPARABLE SALE #2
4010 Windward Dr.

Lansing, MI 48911
Sale Date: 12/04/2020
COMPARABLE SALE #3
4008 Heathgate Dr.

Lansing, MI 48911
Sale Date: 12/18/2020
COMPARABLE SALE #4
3639 Blue River Dr.

Lansing, MI 48911
Sale Date: 12/30/2020
COMPARABLE SALE #5
4030 Heathgate Dr.

Lansing, MI 48911
Sale Date: 05/03/2021
COMPARABLE SALE #6
4124 Heathgate Dr.

Lansing, MI 48911
Sale Date: N/A
LOCATION MAP
<1) Cooley Dr
ra-
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• .• ro) Cecestloe Di
Gisoci'sl ' 8)1
inyerail Or
Inghat
Locust in
23- Orfsbene Dr
Ae4,6,,„ <le* saoc45,„st 0,

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ID
-re fl
6
•Aci‘oki
7c, Avenll New9 ArgyA Dr
Tech Elementary
2.
Hunters Ridge Park 9 Trinity Church 9

Comparable Sale 4 I Starlight DT ofbc-f ry Rd
3639 Blue River Dr. Comparable Sale 1 1
Lansing, MI 48911 4101 Sheffield Blvd. W Holmes Rd W Holmes Rd
0.42 miles NE Lansing, MI 48911 401
T
Anderson Nature Park 0.35 miles NE 64
. 4,1„0 Helpin
Comparable Sale 2 . 4.4.
ft,
4010 Windward Dr. CAT
Lansing, MI 48911
Woodereek1,0 0.40 miles NE
faveirstc
.4)c
sysof field P 0
Comparable Sale 6 0, 1
a.
4124 Heathgate Dr.
01
Lansing, MI 48911 >
dieroed Dr
0.25 miles NE j
Comparable Sale 3 I *4eafer Ra
-
sollaye- Heelligate Dr 4008 Heathgate Dr.
Fine Park 9 aatmorAl or
Cl
Le)
*c,
Ltei$ito
Lansing, MI 48911
0.40 miles NE
right
tchool 9
Cl
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a.
Subject fir
ct‘iadtium rb. ›
4206 Courtland Dr. Comparable Sale 5 ,1
Lansing, MI 48911 4030 Heathgate Dr.
Lansing, MI 48911
0.35 miles NE ttoratid St
,otrryttei St
matt', '31
woo's%
W Jolly Rd W Jolly Rd W Jolly Rd
„torlskwr Pr
Wexford Montessori 9
73 Academy
a.
i-laolool Rd
1 Viola Or
Sievanee Or
pentom-0 ar
Norwrif Dr Nanette Dr
Map data ©2021

FLOOD MAP
r
°moat R
Dr.nocl of the A
soLanio•
iNharo Pars 9
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4 Tea Ercanentary
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Subject 4.4ire. 4
I.
4206 COURTLAND DR 4•44.
LANSING, MI 48911 Mum:1pm

fiemes)tisty hoe' 9
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IS
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lk•41 In Ctn51
9 Rrebrook Woof
Apar:maws *me-
IWO Ono €20.71
Community: City of Lansing =


Zone: X
-= Forest Water
Map Date: 08-16-2011
Fl PS: 26045
Source: FEMA DFIRM
Sky Flood"'
40 fePresentabons o warrantres to any poly concia twig Ins content, accuracy or completeness of this flood owIt inducing any wortunty of marthantablIrtv of
fitness for a partatriar purpose IS IMplifild or retseded Vocroi scatno tortors dita,a berws.en map Wens and WM sapale tram flood WIe altorrnabon at drifillUtf kxaton
No inbtlity accepted to WV/ thul party tar any ina ar rnrussed this flood map or as chits
Petroff Appraisals
File No. 4217g1enburne
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 4217g1enburne
4217 Glenburne Blvd.

Lansing, MI 48911
$130,000
One Hundred Thirty Thousand Dollars
DJP
Restricted Appraisal Report File No. 4217g1enburne
co
S Client Address 419 Cherry St. City Lansing State MI Zip 48933
ci. Intended Use The intended use of the report
Property Address 4217 Glenburne Blvd. City Lansing State MI Zip 48911
f- Other Description (APN, Legal, etc.), if applicable Legal:Lot 323 Glenburne #5 , PP#:23-50-40-36-407-031
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4217 Glenburne Blvd. 3124 W. Holmes Rd. 3811 Cooley Dr. 2908 Averill Dr.
Sale Price $ $ 108,700 $ 150,000 $ 133,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION • (-) s Adjustment
Sale or Financing Conventional Conventional Conventional
Date of Sale/Time 11/24/2020 12/23/2020 01/08/2021
Site 96.57x131.28 70x172 89x104.95 70x139
x Design (Style) 2 Story Duplex 2 Story Duplex 2 Story Duplex Ranch Duplex
0
o
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a. Actual Age 1984 1965 1967 1969
a
0
(/) Room Count 8 4 2 12 6 3 -4,000 8 4 2 8 4 2
cc
.:( Gross Living Area 20.00 1,856 sq. ft. 2,220 sq. ft. -7,280 2,566 sq. ft. -14,200 1,512 sq. ft. 6,880
a,
o
0 Rooms Below Grade Unfinished Unfinished Finished 0 Unfinished
co
a Heating/Cooling FWA/NAC FWA/CAC -8,000 FWA/NAC FWA/NAC
w
Garage/Carport No Garage No Garage 1 Garage/Unit -4,000 2 Car Garage -4,000
Net Adjustment (Total) 0 + a 21,280 0+ 0 18,2000 0 220

Adjusted Sale Price Net Adj. -19.6% Net Adj. -12.1% Net Adj. 0.2%


GPARRES2 17 03272017
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07/31/2022
gpar
GPARRES2_17 03272017
Petroff Appraisals
gparT
GPARRES2_17 03272017
,.r
FEATURE SUBJECT COMPARABLE SALE NO.4 COMPARABLE SALE NO. 5 COMPARABLE SALE NO. 6
4217 Glenburne Blvd. 2223 W. Jolly Rd. 3606 Malibu Dr. 3612 Malibu Dr.
Proximity to Subject 1.50 miles SE 1.07 miles NE 1.06 miles NE
Sale Price $ $ 125,000 $ 127,500 $ 159,900
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 90.25 sq.tt. $ 61.95 sq. ft. $ 78.08 s . ft.
Sale or Financing Cash Pending Active
Concessions No Concessions Sale Listin g
Date of Sale/Time 04/19/2021 N/A N/A
Site 96.57x131.28 75x202.5 60x122.48 60x122
Design (Style) 2 Story Duplex 2 Story Duplex Bi Level Duplex Bi Level Duplex
Actual Age 1984 1930 +6,250 1968 1968
Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms. Baths Total Bdrms Baths
Room Count 8 4 2 8 4 2 10 4 2 0 10 4 2 0
Gross LWin Area 20.00 1,856 s it. 1,385 sq.tt. 9,420 2,058 sq.fI. -4,040 2,048 s .ft. -3,840
Rooms Below Grade Unfinished Unfinished Finished 0 Finished 0
x
a 0, 0 - 11,6700+ 0 8,0400 0 $ 3,840
o Adjusted Sale Price Net Adj. 9.3% Net Adj. -6.3% Net Adj. -2.4%
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Produced using AC1 software. 800.234.8727 vAvmaciweb.com This town Copyright 2005-2016 AC1. a First American Company. At Rights Reserved.
GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 4217g1enburne

Property Address: 4217 Glenburne Blvd. Case No.:
Site Comments

area. I searched a two mile radius from the subject over the past 12 months for multi family units. Currently there are seven
active listing, active accepting back up offers, or pending sales within the search criteria with a range of $79,900-$219,900
and a median value of $148,857. Over the past 12 months there have been nine sales with a range of $65,000-$154,000
and a median value of $124,211.
I searched the subjects neighborhood as well as competitive adjoining neighborhoods to the subject up to a one mile over
the past 12 months for homes with similar size, assumed conditions, surroundings and amenities similar to the subject. Due
to a lack of quality two unit dwellings in the subjects area, I expanded my search to the Lansing area north of the subject and
in areas that would have competitive markets and rents.
the subject.
I also calculated a GMRM from the comparables in the report as all comparables as well as the subject are duplex units and
generating income. Using the comparables in the report, the rents ranged from $700-$945 with a median rent of $802.
Based in the comparables used in the report, the GMRM would be 86.47.
Extra Comments
of this assignment.
ADDENDUM


estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

Appraised Value: $ 130,000
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
3124W. Holmes Rd.

Lansing, MI 48911
Sale Date: 11/24/2020
COMPARABLE SALE #2
3811 Cooley Dr.

Lansing, MI 48911
Sale Date: 12/23/2020
COMPARABLE SALE #3
2908 Averill Dr.

Lansing, MI 48911
Sale Date: 01/08/2021
k:11'.11tla P.,!:!;f1(;i1A:()11 (fi i (

Property Address:4217 Glenburne Blvd. Case No.:
COMPARABLE SALE #4
2223 W. Jolly Rd.

Lansing, MI 48911
Sale Date: 04/19/2021
'
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.- III MINIMIIIIII
21 Greater Lans ng Assoc at orr4:REALTORS
— - ---
COMPARABLE SALE #5
3606 Malibu Dr.

Lansing, MI 48911
Sale Date: N/A
COMPARABLE SALE #6
3612 Malibu Dr.

Lansing, MI 48911
Sale Date: N/A
LOCATION MAP
W V1,410_4 n ;id E Sheridati Rd
711110 r• .
si
Edgemont CC!...111 E. 54
Park
Waverly
zz
W Shiawad Si LT
a 5-
W Ottawa SI
Lansing ,
W dtirr.acuc KulamAt
Comparable Sale 2 sy
rrrs
3811 Cooley Dr.
Lansing, MI 48911 Comparable Sale 3
1.40 miles NE 2908 Averill
`4110,
Lansing, MI 48911 Potter Pa
1.14 miles NE
-
Comparable Sale 6
3612 Malibu Dr.
Lansing, MI 48911
1.06 miles NE
Comparable Sale 5
3606 Malibu Dr. Comparable Sale 1
Lansing, MI 48911 31 24 W. Holmes Rd.
1.07 miles NE Lansing, MI 48911
1.16 miles NE V
OLEi EVERETT
Subject y
Lansing, MI 48911
e:
Comparable Sale 4
2223W. Jolly Rd.
Lansing, MI 48911
13111wvod Hr.? Start Hwy
1.50 miles SE
Bishop Hwy t
Wad.taittoy Rd DL
Dtmondale Hwy
DIMONDALE 0
Hzti •vv Holt High School Holt Rd

- Main Campus
Google Opdh, Map data @2021

FLOOD MAP
1 Dwight RIO
CltiVol Of IN Ait:
Ingham Pere9
1.4.. •
AVerill Ne'vt 9
Tech Elementary
'Dingy Church 9
MINN ...pm. Lansing aradul9 51:1 litiv•ar
Rork-and Club 9
Anderson Natum DarIvs. ilesteng *rands Crimean
Crea Monies-attic? Learnice (.;ereet 9
us. 4./ 9
I ct
Subject .1••••
4217 GLENBURNE BLVD Oarvelgul Ci s

Elernura,s-,,S,:brO y
LANSING, MI 48911
t Ass
1,4
1••••-•
F
014 Jot) id •I**/ ;11 1%, .41Iy Ad
mor4e,s.i.pri 9
Academy
•• .1,1
Gerald tti
Vane Park
Mary !tape
Ouch-God ia Chist 9 9
Mato'
Attarimentr
Googly Predate mat

Property is NOT in a FEMA Specfal Flood Hazard Area
111 FEMA Special Flood Hazard Area — High Risk
Panel: 26065C0128
Road View:
Zone: X
=- Forest •• Water
Map Date: 08-16-2011
FIPS: 26045
Source: FEMA DFIRM
Sky Flood"'
No ve)rceentabone ra earache* kiwie party cameo twig ftie content, accuracy or ourroleteness of the flood reptat including any warrunty of menhantabllity or
fitness for a particufie purpose St 111111113d or pmsemied V rsue scaling twice-sailer between map Wens and ititi 10,ipetato tram flood 21:101? astorrnabon at ITIAlkag kxation
No inbtlity accepted to Any Mad party or any me or moused this flood map or its data
Petroff Appraisals
File No. 6309c00per
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 6309c00per
6309 Cooper Rd.

Lansing, MI 48911
$110,000
DJP
Restricted Appraisal Report File No. 6309c00per
CO
Property Address 6309 Cooper Rd. City Lansing State Ml Zip 48911
f— Other Description (APN, Legal, etc.), if applicable Legal:Lot 33 exc N 66' Supervisors Plat of Miller Road Farms , PP#:33-01-05-09-102-121
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6309 Cooper Rd. 6217 Daft St. 6022 Kyes Rd. 6429 Sommerset Rd.
Proximity to Subject 0.35 miles NW 0.35 miles NE 0.27 miles SE
Sale Price $ $ 125,000 $ 122,000 $ 79,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION +11 S Adjustment
Sale or Financing FHA FHA VA
Concessions No Concessions Concessions -3,660 Concessions -2,370
Date of Sale/Time 08/18/2020 10/14/2020 10/27/2020
Site 63.2x240 66.39x141.08 104x65 55x198
0
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Actual Age 1971 1980 1967 1951
0-
0
(/) Room Count 6 3 1 6 3 1 6 3 1.1 -2,000 5 2 1
cc
.:( Gross Living Area 20.00 1,025 sq. ft. 963 sq. ft. 1,240 1,092 sq. ft. -1,340 997 sq. ft. 560
a,
o
0 Rooms Below Grade Unfinished Part Finished -4,000 Finished -6,000
a Heating/Cooling FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000 FWA/NAC
u)
Net Adjustment (Total) 0 + J- $ 0+

6,760 Z 20,0000 0 2,825

Produced using ACI software. 800.234.8727 vmw.aciweb.com This fonn Copyright 20052016 ACI. a First American Company. Al Rights Reserved.

GPARRES2 17 03272017
Restricted Appraisal Report File No. 6309cooper
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07/31/2022
gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 6309cooper
gparT
GPARRES2_17 03272017
,.r
6309 Cooper Rd. 6234 Cooper Rd. 5929 Hilliard Rd. 6537 Sommerset Rd.
Address Lansing, MI 48911 Lansing,MI 48911 Lansing,MI 48911 Lansing,MI 48911
Sale Price 68,000 $ 149,900 $ 129,900
Sale Price/Gross Liv. Area $ 0.00 sg.tt. $ 88.31 sg.tt. $ 156.15 sg.ft. $ 77.18 s .it.
Data Source GLARMLS#:246896/DOM:2 GLARMLS#:254030/DOM:8 GLARMLS#:255027/DOM:3
Verification Source Assessor Assessor Assessor
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +0 $ usiment DESCRIPTION +1-) $Adjustment DESCRIPTION • IISAdiustment
Sale or Financing Conventional Pending Pending

Concessions No Concessions Sale Sale
Site 63.2x240 66x240 66x132 91x110
Desian IStyle Ranch Ranch Ranch Ranch
Actual Age 1971 1950 1966 1955
Above Grade Total Bdrms. Baths Total Bdrms Baths Total Bdrms. Baths Total Bdrms. Baths
Room Count 6 3 1 6 3 6 3 1 7 3 1.1 -2,000

Gross Living Area 20.00 1,025 s .it. 770 sa.tt. 5,100 960 s 1,300 1,683 s .ft. -13,160
Basement & Finished Full Crawl +3,850 Full Slab +8,415
Rooms Below Grade Unfinished Finished -6.000
Heating/Cooling
Coolin FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000 FWA/CAC -4,000
Enerrtv Efficient Items None None None None
Net Adjustment (Total) 04 0- 4,950 0 + J. 14,700 0+ 0- 16,745

Adjusted Sale Price Net Adj. 7.3% Net Adj. -9.8% -12.9%
Net Adj.
of Comparables Gross Adj. 19.0% 72,950 Gross Adj. 1 1 .5% 135,200 Gross Adj. 25.8% $ 113,155
par
GPARRES2 17(13272017
ADDENDUM
Client: Lansing Housing Commission File No.: 6309c00per

Property Address: 6309 Cooper Rd. Case No.:
Site Comments

area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are eight active listing, active
$103,299.
the subject.
Extra Comments
of this assignment.
ADDENDUM
Client: Lansing Housing Commission File No.: 6309cooper

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
6217 Daft St.

Lansing, MI 48911
Sale Date: 08/18/2020
COMPARABLE SALE #2
6022 Kyes Rd.

Lansing, MI 48911
Sale Date: 10/14/2020
COMPARABLE SALE #3
6429 Sommerset Rd.

Lansing, MI 48911
Sale Date: 10/27/2020
COMPARABLE SALE #4
6234 Cooper Rd.

Lansing, MI 48911
Sale Date: 08/05/2020
COMPARABLE SALE #5
5929 Hilliard Rd.

Lansing, MI 48911
Sale Date: N/A
COMPARABLE SALE #6
6537 Sommerset Rd.

Lansing, MI 48911
Sale Date: N/A
021 C,40.14tor L.nsrAScoriAm

LOCATION MAP
2
Beectwood St
„z„ favor
E Ayr-incept
.S4re
corn/err-1nd Or 1
(.
38riatil- > o -o
to I I
/
a
=i 47 i .1
Jolly Rd ,z--'
... w Jolly Rd E Jolly Rd
• a
0 In
S
US Social Security
• Administration
a
.7)
co ET › 5
.key Drain
Ferify sl, > <
a
Arrnstrorle Rd
dAy Rt-dmer St
virkte Cic
W Northrup St E Northrup St
-r.
Attwood 9
Elementary School Comparable Sale 5 ,/
406
5929 Hilliard Rd. . Park
Lansing, M148911
awed Si 0.43 miles NE
R43eunen Ave W Claremore, Or
‘eoy Dr
Comparable Sale 4
,..,.4 6234 Cooper Rd.
+fevel.6' Comparable Sale 2
4-, Lansing, Ml 48911 v 6022 Keys Rd.
A cr
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0.35 miles NE
W Miller Rd W Miller Rd
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souihr,e4 Ave til I ce,
' 3 7
cc cr,
6
Comparable Sale 1
6217 Daft St. tc-
0
Lansing, Ml 48911
0.35 miles NW
PINPri RivT1 Comparable Sale 3

Subject 046
6429 Sommerset Rd 06
6309 Cooper Rd. Lansing, MI 48911
Voi
Lansing, MI 48911 0.27 miles SE
ort, /
Sawyer Rd
Comparable Sale 6
Flyher E Eoewc 6537 Sommerset Rd.
0
-
Circe 4 Lansing, hill 48911
0.33 miles SE
Dmimin Or
,
2 ;
i g
s,... .s.? 1,
A
Dort3on Or 4
a
0
Olivet Baptist Church Capitol City Baptist 9
Church And School
Unity Spiritual
Center of Lansing
b
v Holt Christian Church
(r>
Google Map data ©2021
FLOOD MAP
. ,
i
5oria Seconry 9
AtImInistrailca
3mann
Davis Perk r. 1....111 •
Attvrood9
Elementary Sacral
Back Park
f
;
AC.m.orot1
41...
111, &ea
Arr.t a •
;
r 0.411.•
Subject
6309 COOPER RD
LANSING, MI 48911
F4Gwow4 ,
44
thm,
Crv,•
; 7 ; 1
oll1aft gaptini Church 9 umitht f VIOrwpftly

Moth Ar4 Scol
Unify Sretti.,e1
Center of Lansing
9 91-.11 Christen Chord'
4
Ansi tara ana 62:21
Community: City of Lansing = FEMA Special Flood Hazard Area - High Risk

Map Number: 26065C0141D Moderate and Minimal R14 Areas

Zone: X
11. 14 — Forest Water
Map Date: 08-16-2011
FIPS: 26065
Source: FEMA DFIRM
Sky Flood'
No :op manta:lore or warrant:en to any petty tomer twig ear controt, accureoy or ourrtolotanass of dna flood toport inch:dot) any man Gray of me ittantability or
fitness for a partc dar purpose St MOW or redacted lirsual scatno
- tra-torr dtfes betwo41.n 'hap layers and aro 'operate from flood /one rriomaabon at nrairan locatron
No inbtlity ts accepted to arry therl party for any use cr moused tins Road map ot as data
Petroff Appraisals
File No. d2511dunlap
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: d2511dunlap
2511 Dunlap St.

Lansing, MI 48911
$105,000
One Hundred Five Thousand Dollars
DJP
Restricted Appraisal Report File No. d2511dunlap
CO
Property Address 2511 Dunlap St. City Lansing State Ml Zip 48911
f— Other Description (APN, Legal, etc.), if applicable Legal:E 1/2 Lot 8 Block 3 DeWitts Subdivision , PP#:33-01-01-30-476-541
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2511 Dunlap St. 3111 Viking St. 3316 Maloney St. 3107 Lawdor Rd.
Proximity to Subject 0.08 miles SW 0.24 miles SE 0.46 miles SW
Sale Price $ $ 123,500 $ 125,000 $ 110,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION *11 S Adjustment
Concessions No Concessions No Concessions No Concessions
Date of Sale/Time 07/22/2020 12/22/2020 02/09/2021
Site 33x140 70x186.5 70x233.5 80x120
0
o
cc
a. Actual Age 1968 1971 1963 1968
a
0
(/) Room Count 6 3 1 6 3 1 6 3 1.1 -2,000 6 3 1
cc
.:( Gross Living Area 20.00 964 sq. ft. 960 sq. ft. 80 1,024 sq. ft. -1,200 1,001 sq. ft. -740
a,
o
a Heating/Cooling FWA/NAC FWA/CAC -4,000 FWA/NAC FWA/CAC -4,000
u)
Barn -5,000
Net Adjustment (Total) 0 + a 0+

9,920 J. 19,2000 J. $ 14,740


GPARRES2 17 03272017
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involved.
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gpar
GPARRES2_17 03272017
Petroff Appraisals
gparT
GPARRES2_17 03272017
,.r
2511 Dunlap St. 3200 Ingham St. 2904 S. Catherine St. 2905 Ingham St.
Sale Price $ $ 106,750 $ 96,000 $ 107,500
Sale Price/Gross Liv. Area $ 0.00 s .it. $ 114.05 sq. it. $ 111.11 sq. ft. $ 103.97 s . it.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) s Ad ustment DESCRIPTION +11 $ Ad ustment DESCRIPTION • 1-1 s Ad ustment
Sale or Financing Conventional FHA Active
Concessions No Concessions Concessions -2,880 Listin g
Site 33x140 70x187.35 75x135.7 70x100
Design (Style) Ranch Cape Cod Ranch Ranch
Actual A e 1968 1941 1957 1923
Room Count 6 3 1 6 3 1 7 3 1 15 2
Gross LWin Area 20.00 964 s .it. 936 sq.tt. 560 864 sq.fI. 2,000 1 ,034 s .it. -1,400
Basement & Finished Full Full Crawl +4,320 Full
x
a 0 + J. 9,440 0 + J. $ 3,560 11) J. 1,400
CC
fa. of Comparables
Ci- Gross Adj. 9.9% $ 97,310 Gross Adj. 16.9% $ 92,440 Gross Adj. 1.3% $ 106,100
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GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: d2511dunlap

Property Address: 2511 Dunlap St. Case No.:
Site Comments

$133,841.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
3111 Viking St.

Lansing, MI 48911
Sale Date: 07/22/2020
COMPARABLE SALE #2
3316 Maloney St.

Lansing, MI 48911
Sale Date: 12/22/2020
COMPARABLE SALE #3
3107 Lawdor Rd.

Lansing, MI 48911
Sale Date: 02/09/2021
COMPARABLE SALE #4
3200 Ingham St.

Lansing, MI 48911
Sale Date: 12/15/2020
COMPARABLE SALE #5
2904 S. Catherine St.

Lansing, MI 48911
Sale Date: 02/26/2021
COMPARABLE SALE #6
2905 Ingham St.

Lansing, MI 48911
Sale Date: N/A
©2021 Greater Lansing Association dr REACtOlIS

LOCATION MAP
MOPSev Rwer
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< -
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Lansing, MI 48911
Comparable Sale 5 rtS g t.ore Ave
0.13 miles NWA 3
2904 S. Catherine St. -4. rondo Ave
iocuet
Lansing, MI 48911
0.26 miles NW i Ingham Park
c
9 Subject
Frien 2511 Dunlap St. ;h
Lansing, MI 48911
8ftstreirie Dr i vs
7.7
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Comparable Sale 3 C4trna Ave.
3107 Lawdor Rd.
Lansing, MI 48911 Thr
Dunlep SA Comparable Sale 1
0.46 miles SW ee,#'
p0:9
- 3111 Viking St.
tn
Averill New9 Argyfi Dr Lansing, MI 48911
Tech Elementary 0.08 miles SW
a
WP1910,310 $
Trinity Church
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9 Kitberry
Herrick
W HOIMeS Rd W Holtne Comparable Sale 4 W Ho Imes Rd VI H

3200 Ingham St.
re
Gverbrook Br
F
Glentrook Hell Lansing, MI 48911
0.20 miles SW
9 Tabernac Comparable Sale 2
David Ch 3316 Maloney St.
Lansing, MI 48911
73 stib
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4.
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Risdale Park
Nirrwrvey Dr fteo Rd
ktrrybei St
Google wore" sl 2 Map data ©2021

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Road View:
Zone: X
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Map Date: 08-16-2011
Fl PS: 26065
Source: FEMA DFIRM
Sky Flood"'
No yegnotentabons or warranties to any party cameo twig ate content. accuracy or compieteness tittle flood repcst., inducing any warranty of metthantabllitr Of
fitness for a particular purpose St inpIiedu rovemlod Vrsue scatno tenors atter between 'nap layers and AWN siKkaratet from flood itind .nforrnabonat fillArktg kxaton
No inbtlity saccepted to ATV third party tor any toe or misused this flood map or its data
From: Sam Spa dafore
Sent: Thu, 10 Mar 2022 21:05:00 +0000
To: Szybist, Kathleen A; Hornstein, Jane B
Cc: Gordon, Douglas C; Davis, Joseph S; dfleming@lanshc.org; Vicki Vaughn; John
Schuster
Subject: <External Message> Lansing Housing Commission - Section 18 - Fair Market
Value Summary
Attachments: Appraisals-selected.zip, BOV and Marketing Update - LHC Portfolio - AHIB.pdf,
Lansing Housing Commission - Section 18 RFP - Bid Worksheet - Active.pdf
CAUTION: This email originated from outside of the organization. Do not click links or open
attachments unless you recognize the sender and know the content is safe. If you have concerns
about the content of the email, please send it to phishing@hud.gov or click the Report Phishing
Button on the Outlook ribbon or Phishing option within OWA.
Jane and Kathleen — Thank you for the time last month to discuss the Lansing Housing Commission's
(LHC) Section 18— Scattered Sites Sale project. The LHC team found the discussion very valuable. As a
follow-up it was determined LHC would provide a summary of its fair market value determination.
Below is information related to the fair market value determination.
Fair Market Value Summary
• Completed appraisals for 14 scattered sites within the portfolio in the spring of 2021; a local
appraiser in the Lansing area Doug Petroff of Petroff Appraisals completed the appraisals
• Launched a Request for Proposal (RFP) process in October 2021
• Worked with national broker to distribute RFP offering to over 375 potentially interested parties
including investors, non-profits, community groups, etc.
• Received signed confidentiality agreements from —30 interested parties
• Received feedback from multiple interested parties after their initial levels of due diligence that
ownership of the scattered site portfolio would be a challenging investment for their expected
returns
• Received bid for the entire portfolio of approximately —$17.7M from SK Investments Group
Based on a review of the appraisals, evaluation of feedback from the RFP, and discussions with national
broker, LHC believes —$17.7M reflects a fair market value offer.
Attached are the 14 completed appraisals for your review and reference, the RFP bid worksheet with
site details, and marketing results / broker opinion of value from the partnering national broker.
Please let us know if you have questions or would like to discuss further.
Thanks
Sam
517-712-7397
Housing is our Mission — LHC is hiring — Please go to http://www.lanshc.ord and click on
employment opportunities.
"This message is intended only for the use of the intended recipient(s) and it may be privileged and confidential. Please note that
any views or opinions presented in this email are solely those of the author and do not necessarily represent those of the company.
If you are not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby
notified that any review, retransmission, conversion to hard copy, copying, circulation or other use of this message is strictly
prohibited and may be illegal. If you are not the intended recipient, please notify me immediately by return email and delete this
message from your system. Thank you."
Petroff Appraisals
File No. 1031shepard
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 1031shepard
1031 Shepard St.

Lansing, MI 48912
$70,000
Seventy Thousand Dollars
DJP
Restricted Appraisal Report File No. 1031shepard
co
Property Address 1031 Shepard St. City Lansing State Ml Zip 48912
t- Other Description (APN, Legal, etc.), if applicable Legal: Lot 186 City Park Subdivision , PP#:33-01-01-22-230-141
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1031 Shepard St. 942 Bensch St. 1223 Allen St. 1134 McCullough St.
Proximity to Subject 0.33 miles NW 0.19 miles SW 0.23 miles SW
Sale Price $ $ 67,500 $ 86,000 $ 53,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION 1-) s Adjustment DESCRIPTION +1-) s Adjustment
Sale or Financing Conventional MSHDA Conventional
Concessions No Concessions No Concessions Concessions -750
Date of Sale/Time 01/28/2021 10/30/2020 06/26/2020
Site 33x127.5 33x123.75 49.5x151.2 33x123.75
0
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Actual Age 1968 1918 +3,375 1970 1915 +2,650
0 - Condition
0
(/) Room Count 6 3 1 6 3 1 6 3 1 5 2 1
cc
.:( Gross Living Area 15.00 962 sq. ft. 924 sq. ft. 570 934 sq. ft. 420 752 sq. ft. 3,150
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Net Adjustment (Total) 0 + U - 1,945 0+ 0 5,580 0 0 5,050

Adjusted Sale Price Net Adj. 2.9% Net Adj. -6.5% Net Adj. 9.5%

Produced using ACI software. 800.234.8727 vnvo.aciweb.com This form Copyright 20052016 ACI. a First American Company. Al Rights Reserved.

GPARRES2 17 03272017
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( Single point $ 7.1000
This appraisal is made Dci "as is," n subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed,
involved.
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gpar
GPARRES2_17 03272017
Petroff Appraisals
gparT
GPARRES2_17 03272017
,.r
1031 Shepard St. 1136 McCoullough St. 1002 Shepard St. 1111 Walsh St.
Proximity to Subject 0.24 miles SW 0.07 miles NW 0.53 miles SW
Sale Price $ $ 53,000 $ 83,000 $ 69,500
Sale Price/Gross Liv. Area $ 0.00 s .ft. $ 61.34 sq.tt. $ 71.86 sq. ft. $ 66.83 s . ft.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION • (-) s Ad usiment DESCRIPTION • (-) $ Ad ustment DESCRIPTION • 1-1 s Ad usiment
Sale or Financing Conventional Active Active
Concessions Concessions -750 Listing Listing
Site 33x127.5 49.5x123.75 49.5x115 40x104.5
Design )Style) Ranch Ranch Bungalow Bungalow
Actual A e 1968 1961 1919 +4,150 1924 +3,475
Room Count 6 3 1 6 3 1 7 3 1 6 3 1
Gross LWin Area 15.00 962 s .tt. 864 sq.tt. 1,470 1,155 sq.fI. -2,895 1,040 s .tt. -1,170
Rooms Below Grade Unfinished Part Finished -2,000 Unfinished Unfinished
Heating/Cooling FWA/NAC FWA/NAC FWA/NAC FWA/CAC -4,000
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a 0 + 0- $ 1,280 0+ J. 2,745 0 0 $ 1,695
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GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 1031shepard

Property Address: 1031 Shepard St. Case No.:
Site Comments

$59,969.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
942 Bensch St.

Lansing, MI 48912
Sale Date: 01/28/2021
COMPARABLE SALE #2
1223 Allen St.

Lansing, MI 48912
Sale Date: 10/30/2020
COMPARABLE SALE #3
1134 McCullough St.

Lansing, MI 48912
Sale Date: 06/26/2020
COMPARABLE SALE #4
1136 McCoullough
Lansing, MI 48912
Sale Date: 06/26/2020
COMPARABLE SALE #5
1002 Shepard St.

Lansing, MI 48912
Sale Date: N/A
birs-ro Ass:iclati,c'ti PFAL-roRc,
COMPARABLE SALE #6
1111 Walsh St.

Lansing, MI 48912
Sale Date: N/A
LOCATION MAP
Property Address:1031 Shepard St. Case No.:
May St May Sc
fel
Marshall Park
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(-) ;
(7.7 'lard .S1
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Comparable Sale 1 trInitint St

Comparable Sale 5
942 Bensch St
1002 Shepard St.
Lansing, MI 48912
etzabete SI Lansing, MI 48912 Bizebth St
noti 0.33 miles NW
Flat, s t ic• 0.07 miles NW
4
Comparable Sale 6 ,
t
1111 Walsh St. /
E , Subject
Lansing, MI 48912 ./C0/„.
I) ." sr 1031 Shepard St.
0.53 miles SW efitenet St 3 cr
-•47 Lansing, MI 4891 2 Alf,
0
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Wettsh St V.Intsh St
CA
tr:
snliainv N
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Perkin
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Comparable Sale 4
1136 McCoullough St.
Lansing, MI 48912
, 0.24 miles SW
Comparable Sale
nr •- ••••-cr,f- -
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1223 Allen St. Cre
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, Comparable Sale 3 Lansing, MI 48912
0,
1 1134 McCullough St. ter, 0.19 miles SW
BAKER-DONORA Lansing, MI 48912 - •
0.23 miles SW '5-
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Pntkdnie Ave
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1
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Ct Nature Center
I
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?ptiemAstluad s
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Map data ©2021

FLOOD MAP
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Subject
1031 SHEPARD ST
LANSING, MI 48912
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111
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Road View:
Zone: X
-= Forest Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DFIRM
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40 vePereentabone Ut warrantir to any poly oanoeu twig His content, actureof or comolotertoss of thia flood reptat., inducing ony e.drturity of menhantablIrtv Of
fitness for a part•cuitti purpose PS rn1isd ot fonndeld VrSuai samo tar-tors dile; between map lapin) and ACM soperatet from Rood 24:101? lrxatton
No inbtlity la steamed avian)/ Mild party tor any inn a entaise• of Inn flood map or its data
Petroff Appraisals
File No. 1501comfort
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 1501comfort
1501 Comfort St.

Lansing, MI 48915
$85,000
Eighty-Five Thousand Dollars
DJP
Restricted Appraisal Report File No. 1501comfort
co
Property Address 1501 Comfort St. City Lansing State Ml Zip 48915
t- Other Description (APN, Legal, etc.), if applicable Legal:N 66' of S 132' of E 173.25' Lot 11 Assessors Plat #11, PP#:33-01-01-08-128-265
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1501 Comfort St. 1401 Comfort St. 1725 Comfort St. 1438 Comfort St.
Proximity to Subject 0.11 miles S 0.21 miles N 0.03 miles SE
Sale Price $ $ 67,000 80,500 $ 87,000
Sale Price/Gross Liv. Area 0.00 sq. ft. $ 93.06 sq. ft. $ 97.93 sq. ft. $ 1 10.97 sq. ft.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION 1-) $ Adjustment
Date of Sale/Time 09/15/2020 +1,340 04/16/2021 04/29/2021
Site 66x173.25 40.33x174.25 49x164 41x140
0
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Actual Age 1971 1918 +3,350 1916 +4,025 1956
0 - Condition
0
(/) Room Count 6 3 1 5 2 1 0 5 2 1 0 5 2 1 0
cc
.:( Gross Living Area 15.00 960 sq. ft. 720 sq. ft. 3,600 822 sq. ft. 2,070 784 sq. ft. 2,640
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Net Adjustment (Total) 0 + U - $ 2,280 0+ 0 6,095 11) 0 $ 640

Adjusted Sale Price Net Adj. 3.4% Net Adj. 7.6% Net Adj. 0.7%


GPARRES2 17 03272017
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fair market value of the subject to be $85,000.
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[2_j
( Single point $ 85 000 U Range $ to $ 0 Greater than 0 Less than $
This appraisal is made Dci
"as is," n subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed,
involved.
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07/31/2022
gpar
GPARRES2_17 03272017
Petroff Appraisals
gparT
Produced using ACI software. 800.234.8727 www.aciweb.ccm This fctrn Copyright 2625.2016 AU. a First American Company. Al Rights Reserved.
GPARRES2_17 03272017
,.r
1501 Comfort St. 1034 Greenwood Ave. '1347 Glenrose Ave. 1612 Roselawn Ave.
Proximity to Subject 0.41 miles NE 0.21 miles SE 0.29 miles NE
Sale Price $ $ 96,000 $ 65,900 $ 75,000
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 90.91 sq. it. I$ 69.51 sq. II. $ 104.17 s it.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION * s Ad usiment DESCRIPTION +1-) $ Ad usiment DESCRIPTION • (-1 s Ad usiment
Sale or Financing FHA FHA Active
Concessions Concessions -5,760 Concessions -3,954 Listin g
Date of Sale/Time 04/14/2021 10/30/2020 +1,318 N/A
Site 66x173.25 35x104 36x102 48x85.3
Design )Style) Ranch Ranch Bungalow Ranch
Actual Age 1971 1950 0 1926 +3,295 1947 0
,
Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdans. Baths Total Bdrms. Baths
Room Count 6 3 1 6 3 2 -4,000 5 2 1 0 5 2 1 0

Gross LWin Area 15.00 960 s . it. 1,056 sq.tt. -1,440 948 sq.ft. 180 720 s . it. 3,600
Basement & Finished Full Full Full Crawl +3,600
Rooms Below Grade Unfinished Part Finished -2,000 Unfinished
Heating/Cooling FWA/NAC FWA/CAC -4,000 FWA/NAC FWA/NAC
x
a 0 + J. 17,200 (I) + U . 839
(I) 0 5,200
o Adjusted Sale Price Net Adj. -17.9% Net Adj. 1.3% Net Adj. 6.9%
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GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 1501comfort

Property Address: 1501 Comfort St. Case No.:
Site Comments

area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are 13 active listing, active
accepting back up offers, or pending sales within the search criteria with a range of $49,900-$99,900 and a median value of
$70,410. Over the past 12 months there have been 55 sales with a range of $13,500-$145,000 and a median value of
$75,983.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
Property Address:1501 Comfort St. Case No.:
City: Lansin State: MI Zip: 48915
COMPARABLE SALE #1
1401 Comfort St.

Lansing, MI 48915
Sale Date: 09/15/2020
COMPARABLE SALE #2
1725 Comfort St.

Lansing, MI 48915
Sale Date: 04/16/2021
COMPARABLE SALE #3
1438 Comfort St.

Lansing, MI 48915
Sale Date: 04/29/2021
COMPARABLE SALE #4
1034 Greenwood Ave.

Lansing, MI 48915
Sale Date: 04/14/2021
COMPARABLE SALE #5
1347 Glenrose Ave.

Lansing, MI 48915
Sale Date: 10/30/2020
COMPARABLE SALE #6
1612 Roselawn Ave.

Lansing, MI 48915
Sale Date: N/A
021 Croater Lansing Agsccztion REALTCPS

LOCATION MAP
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DT ain Laboratory Myleweee Ave
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1 612 Roselawn Ave.
Comparable Sale 2 Lansing, MI 48915
1 725 Comfort St. 0.29 miles NE Comparable Sale 4
writ ctA
Tecumse Lansing, MI 48915 1034 Greenwood Ave.
rk^ Park 0.21 miles N Lansing, MI 48915
hillSko.90n A,Ve 0.41 miles NE
Subject
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AcS' 1501 Comfort St.
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tossed Art
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Lomont St
Comparable Sale 3 Roth...rood Si

1438 Comfort St.
Lansing, MI 48915
0.03 miles SE
7
Comparable Sale 5
1347 Glenrose Ave.
WWillowSt Comparable Sale 1
4514404.8.10
Lansing, MI 48915
3,411 puulaiosuisP.m
1401 Comfort St.

0.21 miles SE
Lansing, MI 48915
1
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111 = FEMA Special Flood Hazard Area - Hrgh Risk
Panel: 26065C0014
Road View:
Zone: X
=. Forest - Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DFIRM
Sky Flood"'
40 voRroaentahonE or warranties kiwiy party coma, twig the contoit, accuracy or completeness of the flood motet inducing any wanurity of merthantabrlity or
fitness for a particular purpose is iniplied or retsemied V rsue scatng factors altar betwsien map lays gs and ititi 9,iperate trom flood 21:101? .ntorrnerbanat ITIAlkag kxation
No inbtlity accepted to WV/ thal party or any tne or moused this flood map or iodate
Petroff Appraisals
File No. 1507robertson
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 1507robertson
1507 Robertson Ave.

Lansing, MI 48915
$82,000
Eighty-Two Thousand Dollars
DJP
Restricted Appraisal Report File No. 1507robertson
CO
Property Address 1507 Robertson Ave. City Lansing State Ml Zip 48915
f— Other Description (APN, Legal, etc.), if applicable Legal:Lot 35, also Lot 34 exc S 20' North Highland Subdivision, PP#:33-01-01-08-205-132
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1507 Robertson Ave. 1725 Comfort St. 1438 Comfort St. 1034 Greenwood Ave.
Proximity to Subject 0.33 miles NW 0.26 miles SW 0.15 miles NE
Sale Price $ $ 80,500 $ 87,000 $ 96,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION 1-) s Adjustment DESCRIPTION ,(-) s Adjustment
Date of Sale/Time 04/16/2021 04/29/2021 04/14/2021
Site 52x132 49x164 41x140 35x104
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Actual Age 1985 1916 +4,025 1956 0 1950
0-
0
(/) Room Count 5 2 1 5 2 1 5 2 1 6 3 2 -4,000
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.:( Gross Living Area 15.00 850 sq. ft. 822 sq. ft. 420 784 sq. ft. 990 1,056 sq. ft. -3,090
a,
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0 Rooms Below Grade Unfinished Unfinished Unfinished Part Finished -2,000
a Heating/Cooling FWA/NAC FWA/NAC FWA/NAC FWA/CAC -4,000
u)
Net Adjustment (Total) 0 + 0- 4,445 0 4- J. 1,010 0 0 18,850



GPARRES2 17 03272017
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GPARRES2_17 03272017
Petroff Appraisals
File No. 1 507robertson
gparT
GPARRES2_17 03272017
,.r
1507 Robertson Ave. 1725 Robertson Ave. 1720 Robertson Ave. 1612 Roselawn Ave.
Proximity to Subject 0.22 miles NE 0.21 miles NE 0.11 miles NW
Sale Price $ $ 64,900 $ 55,000 $ 75,000
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 77.63 sq. it. $ 73.53 sq. ft. $ 104.17 s it.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +1-) s Ad ustment DESCRIPTION +1-) $ Ad ustment DESCRIPTION • (-1 s Ad ustment
Sale or Financing Conventional Cash Active
Concessions Concessions -500 No Concessions Listin g
Date of Sale/Time 10/07/2020 +1,298 12/21/2020 N/A
Site 52x132 52x132 36x132 46x85.3
Actual Age 1985 1949 0 1930 +2,750 1947 0
Room Count 5 2 1 6 3 1 0 5 2 1 5 2 1
Gross LWin Area 15.00 850 s .it. 836 sq.tt. 210 748 sq.fI. 1 ,530 720 s .it. 1 ,950
Basement & Finished Full Crawl +4,180 Full Crawl +3,600
Porch/Patio/Deck Porch Similar Similar Fee Simple
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GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 1507r0berts0n

Property Address: 1507 Robertson Ave. Case No.:
Site Comments

$65,999.
the subject.
Comparable four and six are the same home and used to show the current market conditions of the potential increase in
Extra Comments
of this assignment.
ADDENDUM
Client: Lansing Housing Commission File No.: 1507roberts0n

estate.
greatest return.
Client: Lansing Housing Commission File No.: 1507robertson
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
Property Address:1507 Robertson Ave. Case No.:
City: Lansin State: Ml Zip: 48915
COMPARABLE SALE #1
1725 Comfort St.

Lansing, MI 48915
Sale Date: 04/16/2021
COMPARABLE SALE #2
1438 Comfort St.

Lansing, MI 48915
Sale Date: 04/29/2021
COMPARABLE SALE #3
1034 Greenwood Ave.

Lansing, MI 48915
Sale Date: 04/14/2021
(;ri ,,1(1 I ;:ig:iti()P.!:f.oci;:iit)ii tII 1 A 1(11;f;

COMPARABLE SALE #4
1612 Roselawn Ave.

Lansing, MI 48915
Sale Date: 10/07/2020
COMPARABLE SALE #5
1720 Robertson Ave.

Lansing, MI 48915
Sale Date: 12/21/2020
COMPARABLE SALE #6
1612 Roselawn Ave.

Lansing, MI 48915
Sale Date: N/A
021 Greater Lansing Association of REALTORS

LOCATION MAP
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7 Comparable Sale 4
1725 Robertson Ave.
Lansing, MI 48915
Comparable Sale 5
0.22 miles NE
1720 Robertson Ave.
Lansing, MI 4891 5
c.timbqi°41'6
Comparable Sale 1 0.21 miles NE
1725 Comfort St.
Lansing, MI 48915
Tecumset 0.33 miles NW T
Park --,waimpar—
Muskegon Ave
Comparable Sale 6
1612 Roselawn Ave.
Lansing, MI 48915 Rusa.0
Cwom St
0.11 miles NW
GrB<N4
fissitert Ave
ng Wastewater 9
Treatment
Sinfelt St
Comparable Sale 2 I Comparable Sale 3
1438 Comfort St. 1034 Greenwood Ave.
Redirected St
0.26 miles SW 0.15 miles NE
a-C 411111 1111111`
Subject
1507 Robertson Ave.
Lansing, MI 48915
W Willow St
$Sga4un40N
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W 1,1aple St W Mack, St g W Mtrse St
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FLOOD MAP
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1507 ROBERTSON AVE
LANSING, MI 48915
y r.! W W.11.Y• l A •1151.
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7
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Community: City of Lansing = FEMA Special Flood Hazard Area — High Risk
Panel: 26065C0014
Road View:
Zone: X
a Forest a Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DFIRM
Sky Flood"'
No fegnotentabona or warranties to any petty convicts%) ear content, acturatrz or storroloteness (Atte flood repcat inducing any wanurity of rnett.hantabrIcr or
fitness for a pertycuial purpose SI IMPIIIi1d 1:1C rovemiod V rsr.kii scatno factors Mier between map layers and Yllriti separate from flood 21:01? 4011113i6011at fillArkag lrxat.on
No lability a accepted tawny Marl party tor any tne or moused this Hood map or as data
Petroff Appraisals
File No. 1518high
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 1518high
1518 N. High St.

Lansing, MI 48906
$120,000
One Hundred Twenty Thousand Dollars
DJP
Restricted Appraisal Report File No. 1518high
co
Property Address 1518 N. High St. City Lansing State Ml Zip 48906
f- Other Description (APN, Legal, etc.), if applicable Legal:Lot 19 & S 42' Lot 20 Block 1 Handy Home Addition, PP#:33-01-01-10-154-112
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Proximity to Subject 0.48 miles SW 0.77 miles SW 0.44 miles SW
Sale Price $ $ 145,000 $ 94,900 $ 170,800
Concessions No Concessions Concessions -2,000 No Concessions
Date of Sale/Time 11/30/2020 09/25/2020 12/03/2020
Site 92x199 66x165 55x112 66x165
x Design (Style) 2 Story Duplex 2 Story Duplex 2 Story Duplex 2 Story Duplex
0
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a. Actual Age 1984 1860 1910 2004 -8,540
0- Condition Average Updated -7,250 Average Average
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(/) Room Count 8 4 2 10 3 2 0 7 2 2 18 4 4 -8,000
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Garage/Carport No Garage No Garage 3 Car Carport -6,000 No Garage
Net Adjustment (Total) 0 + a 7,570

0+ 0 3,920 0 0 22,620


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Produced using AG software. 800.234.8727 wwx.aciweb.ccm This (cm Copyright @20052016 AC1. a First American Company. Al Rights Reserved.
GPARRES2_17 03272017
Petroff Appraisals
File No. 1518high
gparT
GPARRES2_17 03272017
,.r
1518 N. High St. 110 E. Willow St. 208 W. Cesar Chavez Ave. 211 E. North St.
Sale Price $ $ 85,000 $ 149,900 $ 90,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION • (-) s Ad usiment DESCRIPTION +11 $ Ad usiment DESCRIPTION • l-1 s Ad usiment
Concessions Concessions -1,700 Listing Listing
Site 92x199 67.4x66 63x132 33x165
Design (Style) 2 Story Duplex 2 Story Duplex 2 Story Duplex 2 Story Duplex
Actual Age 1984 1890 1890 1895
Room Count 8 4 2 9 2 2 0 8 4 2 0 8 4 2 0
Gross LWin Area 20.00 1,872 s .ft. 1,611 sq.tt. 5,220 2,354 sq.ft. -9,640 1,134 s .ft. 14,760
Functional Utility Average Average Average 'Average
Garage/Carport No Garage No Garage No Garage No Garage
x
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o Adjusted Sale Price Net Adj. 4.1% Net Adj. -6.4% 16.4%
Net Adj.
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Additional Comparables (oPAR.) General Purpose Appraisal Report 05,2017
GPARRES2 17(13272017
ADDENDUM
Client: Lansing Housing Commission File No.: 1518high

Property Address: 1518 N. High St. Case No.:
Site Comments

area. I searched a one mile radius from the subject over the past 12 months for multi family units. Currently there are 11
and a median value of $110,536. Over the past 12 months there have been 15 sales with a range of $57,700-$250,000 and
a median value of $106,855.
the past 12 months for homes with similar size, assumed conditions, surroundings and amenities similar to the subject.
the subject.
generating income. Using the comparables in the report, the rents ranged from $450-$1,150 with a median rent of $715.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
Property Address:1518 N. High St. Case No.:
COMPARABLE SALE #1
1300 Center St.

Lansing, MI 48906
Sale Date: 11/30/2020
COMPARABLE SALE #2
122W. Cesar Chavez Ave.

Lansing, MI 48906
Sale Date: 09/25/2020
COMPARABLE SALE #3
427 Liberty St.

Lansing, MI 48906
Sale Date: 12/03/2020
COMPARABLE SALE #4
110 E. Willow St.

Lansing, MI 48906
Sale Date: 10/22/2020
COMPARABLE SALE #5
208 W. Cesar Chavez Ave.

Lansing, MI 48906
Sale Date: N/A
COMPARABLE SALE #6
211 E. North St.

Lansing, MI 48906
Sale Date: N/A
LOCATION MAP
W State Rd E State Rd
:r* Granger 8
re
Meadows Park
W Sheridan Rd E Sheridan Rd
N
PNE1 Jr Estpx J34 1 UIU
t.f)
Ct. Comparable Sale 6

211 E. North St.
Lake Lansin
0.62 miles NW 427 Liberty St.
'CS
Lansing, MI 48906
0.44 miles SW
Comparable Sale 4 Subject

110 E. Willow St. 1518 N. High St.
Lansing, MI 48906 Lansing, MI 48906j
0.67 miles SW %4-7 Cr,
721eilteme--
re C.
Bancroft Park
E North Sr
Grae4).
"P-
Comparable Sale 5
E Cesar E Chavez Ave
Lansing, MI 48906
0.83 miles SW
AKLAND
Comparable Sale 1
1300 Center St.
Comparable Sale 2
Lansing, MI 48906
tgrnaw 0.48 miles SW
Lansing, MI 48906 z Catholic9
MV suawao 4
0.77 miles SW High School

`"
03
ci Ea-rYsIn'tr st:
s,,lawassee st Community tn
College...
W Ottawa St
iSTSIDE E M;chigan Ave E Michigan Ave
tn
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Park Z 7->
9.‘
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cn EASTS1DE
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W Katarrazoo Si ; 2- E Kalarnaz
re 72-
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5
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FLOOD MAP
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Subject
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1518 N HIGH ST
luoc:nli Pal
Ita444144
LANSING, MI 48906
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2 2

Zone: X
-= Forest Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DF1RM
Sky Flood"'
No legnoesntabonE warrantama ki wiy party otavai twig the tontott, acturaof or otimplatartass of thia flood rapcat inducing ony martanty of rrxiithantabilitr or
fitness for a partycutiti pry-pose ot- amomfei Vrsuai scatno factors dila; between map layers and ititi topagata from flood 21:101? 0110111:1i6011 at ITIAlkatf kx.at.on
Na inbtlity steamed to Any Mod party tor any tna or maniacal Om Hood map or as data
Petroff Appraisals
File No. 2220turner
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 2220turner
2220 Turner St.

Lansing, MI 48906
$110,000
DJP
co
Property Address 2220 Turner St. City Lansing State Ml Zip 48906
i- Other Description (APN, Legal, etc.), if applicable Legal:COM 202.7 FT NW'LY FROM INT'N NE COR TURNER ST & MOSELY AVE, TH E 120 FT,
0
-, NW'LY 60 FT PARL TO ELY LINE TURNER ST1_W 120 FT, SE'LY 60 FT TO BEG; SEC 4 T4N R2W , PP#:33-01-01-04-454-042
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2220 Turner St. 326 Douglas Ave. 226 W. Randolph St. 2304 Turner St.
Proximity to Subject 0.24 miles SE 0.25 miles NW 0.07 miles NW
Sale Price $ $ 102,600 $ 118,000 $ 127,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION () s Adjustment DESCRIPTION 1-) s Adjustment DESCRIPTION +11 s Adjustment
Date of Sale/Time 03/05/2021 05/04/2021 12/03/2020
Site 60x100 100x132 52x151 82x150
x Design (Style) 2 Story 2 Story Cape Cod 2 Story
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Actual Age 1985 1918 +5,130 1923 +5,900 1937 +6,350
0-
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(/) Room Count 6 3 1 6 3 1 6 3 1.1 -2,000 6 3 2 -4,000
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GPARRES2_17 03272017
Petroff Appraisals
File No. 2220turner
gparT
GPARRES2_17 03272017
,.r
2220 Turner St. 2626 Creston Ave. 125 W. Randolph St. 321 E. Thomas St.
Proximity to Subject 0.25 miles NE 0.19 miles NW 0.21 miles NE
Sale Price $ $ 110,000 $ 80,000 $ 128,500
Sale or Financing MSHDA Conventional Active
Concessions No Concessions No Concessions Listin g
Site 60x100 41x120 87.3x45.8 42x134
Design (Style) 2 Story Cape Cod Cape Cod 2 Story
Actual Age 1985 1926 +5,500 1930 +4,000 1927 +6,425
Room Count 6 3 1 6 3 1 6 3 1 9 5 1 0
Gross LWin Area 15.00 1 ,159 s .ft. 1 ,179 sq.tt. -300 1 ,292 sq.fI. -1 ,995 1 ,274 s it. -1 ,725
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ADDENDUM

Site Comments

area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are seven active listing, active
$80,260.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
326 Douglas Ave.

Lansing, MI 48906
Sale Date: 03/05/2021
COMPARABLE SALE #2
226 W. Randolph St.

Lansing, MI 48906
Sale Date: 05/04/2021
COMPARABLE SALE #3
2304 Turner St.

Lansing, MI 48906
Sale Date: 12/03/2020
COMPARABLE SALE #4
2626 Creston Ave.

Lansing, MI 48906
Sale Date: 12/01/2020
COMPARABLE SALE #5
125 W. Randolph St.

Lansing, MI 48906
Sale Date: 01/15/2021
COMPARABLE SALE #6
321 E. Thomas St.

Lansing, MI 48906
Sale Date: N/A
C..i:1(,1 I (;111-1(? of :1 Af .1 01:f

LOCATION MAP
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Comparable Sale 5 2626 Creston Ave.
125 W. Randolph St. Lansing, MI 48906 l, E Rivalsod SI
Lansing, MI 48906 0.25 miles NE
0.19 miles NW
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i Comparable Sale 2 Comparable Sale 6 I
3. 1140 Jackson
E ae.k.-..en St Bides St
1 226W. Randolph St. 321 E. Thomas St.
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t31 Comparable Sale 3
i te 2304 Turner St. .7 E The,"''''' 51
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: Lansing, MI 48906 .e., 1 N
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2220 Turner St.
Gra Lansing, MI 48906 4'0,,. Comparable Sale 1
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326 Douglas Ave.
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Ati Lansing, MI 48906
its z 14f, 1 0.24 miles SE
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Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DF1RM
Sky Flood"'
40 fogootentabone or warranties to soy petty cameo twig Hie content, acturaof or ountolotanass of the flood reptst inducing any wattanty of mett.hantabllitv or
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Petroff Appraisals
File No. 2716fireside
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 2716fireside
2716 Fireside Dr.

Lansing, MI 48910
$150,000
One Hundred Fifty Thousand Dollars
DJP
co
Property Address 2716 Fireside Dr. City Lansing State Ml Zip 48910
t- Other Description (APN, Legal, etc.), if applicable Legal:Lot 35 Leawood Subdivision , PP#:33-01-01-26-452-191
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2716 Fireside Dr. 2128 Robinson 2810 Aurora Dr. 3011 N. Aurelius Rd.
Sale Price $ $ 115,000 $ 162,000 $ 128,300
Data Source(s) GLARMLS#:251727 GLARMLS#:252783/DOM:21 GLARMLS#:244826/DOM:96
Concessions Concessions -3,000 Concessions -2,600 Concessions -3,849
Date of Sale/Time 03/26/2021 03/05/2021 09/01/2020
Site 96x150 66x295 50x115 85.5x231
x Design (Style) Cape Cod Cape Cod 2 Story 2 Story
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Actual Age 1971 1962 1975 1945
0 - Condition
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(/) Room Count 7 4 2 6 3 1 +4,000 6 3 1.1 +2,000 7 3 1.1 +2,000
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.:( Gross Living Area 20.00 1,322 sq. ft. 1,075 sq. ft. 4,940 1,274 sq. ft. 960 1,415 sq. ft. -1,860
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0 F/P 1 F/P -500 0 F/P 1 F/P -500
Net Adjustment (Total) 0 + U - 2,440 0 + 0 10,640 0 0 6,234



GPARRES2 17 03272017
Restricted Appraisal Report File No. 2716fires1de
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07/31/2022
gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 2716f1res1de
gparT
GPARRES2_17 03272017
,.r
2716 Fireside Dr. 2423 Artisan Dr. 3422 Stoneleigh Dr. 2921 Manley Dr.
Sale Price $ 166,000 $ 167,422 $ 164,999
Sale Price/Gross Liv. Area $ 0.00 s .it. $ 158.40 sg.tt. $ 163.18 sq.ft. $ 119.05 s
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +1-) $ Ad usiment DESCRIPTION +1-) $ Ad usiment DESCRIPTION • IISAdiustment

Site 96x150 72x144 46x193.89 102x204
Desian IStyle Ca e Cod Ranch Ranch Cape Cod
Actual Age 1971 1980 1979 1957
Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths
Room Count 7 4 2 6 3 1 +4,000 6 3 1 +4,000 7 4 1 +4,000

Gross Living Area 20.00 1.322 s .it. 1,048 sa.tt. 5,480 1,026 so. II 5,920 1,386 s .it. -1.280
Rooms Below Grade Unfinished Part Finished -4,000 Finished -6,000 Unfinished
Heating/Cooling
Coolin FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000 FWA/CAC -4.000
Enemy Efficient Items None None None None
Garage/Carport No Garage 2 Car Garage -6,000 2 Car Carport -3,000 2 Car Garage -6,000
0 F/P 0 F/P 0 F/P 1 F/P -500
Net Adjustment (Total) 04 0- 4,520 0+ 3,080 0+ 0- 7,780

of Comparables Gross Adj. 14.1% $ 161,480 Gross Adj. 13.7% 164,342 Gross Adj. 9.6% 157,219
par
GPARRES2 17(13272017
ADDENDUM

Site Comments

area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are one active listing, active
accepting back up offers, or pending sales within the search criteria listed at $164,999. Over the past 12 months there have
been 17 sales with a range of $82,000-$176,000 and a median value of $150,772.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
2128 Robinson
Lansing, MI 48910
Sale Date: 03/26/2021
COMPARABLE SALE #2
2810 Aurora Dr.

Lansing, MI 48910
Sale Date: 03/05/2021
'1(0 Clinak:i I awing Am:)c:ifIlioo of I fl Al 101:f.
COMPARABLE SALE #3
3011 N. Aurelius Rd.

Lansing, MI 48910
Sale Date: 09/01/2020
COMPARABLE SALE #4
2423 Artisan Dr.

Lansing, MI 48910
Sale Date: 09/25/2020
COMPARABLE SALE #5
3422 Stoneleigh Dr.

Lansing, MI 48910
Sale Date: 08/21/2020
COMPARABLE SALE #6
2921 Manley Dr.

Lansing, MI 48910
Sale Date: N/A
LOCATION MAP
Hotter Hark Loo y r°4:k7

Crego Park
W JOSePil
6
Evergreen Dental Center
,e Ave E Mt Hope Ave Fenner F Mt Hope Ave E Mt Hope Ave F Mt Hope Ave Mt Hope
Nature Center
PH snIlainV N
If
Comparable Sale 2
2810 Aurora Dr. Comparable Sale 6 .
Lansing, MI 48910 2921 Man ley Dr.
0.19 miles NW
n Ave
Forest Rd Forest Rd Forest R
Comparable Sale 3 z 1'
3011 N. Aurelius Rd. 30
:ifigan km Ave G i Au Bonh ur des 9
..8 c Subject
hopedic Cente Lansing, MI 48910 E0. Forest Enfants- .-rench„.
0.51 miles NW 2716 Fireside Dr.
73 View Park Lansing, MI 48910 11271
Q. L...)
Cozy Bear Child 9
Scott Care Home
tramesP"'
Woods Park
Robmson Rd
Rise & Shine Child Care 9
4nyt Ave Forest View 9
Elementary School
a 9 Beekman
Elementary Sch
Sold an Dog Poo,
Comparable Sale 1 Happy Elephant
2128 Robinson Child Care Wabirsh Rd
Lansing, MI 48910
0.36 miles SW
.Provirociai House Or
Artisan Or
0.
Comparable Sale 5
Comparable Sale 4
3422 Stoneleigh Dr.
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0 2423 Artisan Dr.
Lansing, MI 48910
Lansing, MI 48910
0.26 miles SW
0.38 miles SW °
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Island Park
ugh Rd E Cavanaugh Rd E Cavanaugh Rd

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Google flap data ©2021
FLOOD MAP
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LANSING, MI 48910
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Zone: X
-= Forest Water
Map Date: 08-16-2011
Fl PS: 26065
Source: FEMA DFIRM
Sky Flood"'
No feProsentations Qr warrantosa kiwiy party oonconeio ft, tonfoit, accuracy or ouroolotertass of this flood reptat including any intirrunty of mairhantabtlity or
fitness for a particular purpose is IMplifild or rooncioad VVu.1 catmg Noon alter between map layana and WM 10,ipetato front flood 21:101? rfltOITIlitbOrlat Allifturf kxat.on
No inbtlity sccoplz•d to ATV Mud party for any use or mamma- offhis flood map or its chits
Petroff Appraisals
File No. 3210young
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 3210young
3210 Young Ave.

Lansing, MI 48906
$100,000
One Hundred Thousand Dollars
DJP
CO
Property Address 3210 Young Ave. City Lansing State Ml Zip 48906
f— Other Description (APN, Legal, etc.), if applicable Legal:Lot 183 Westmont Subdivision , PP#:33-01-01-06-130-091
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3210 Young Ave. 3201 Alfred Ave. 3517 Lafayette Ave. 3122 Amherst Dr.
Proximity to Subject 0.03 miles SE 0.23 miles SW 0.17 miles SW
Sale Price $ $ 82,400 $ 130,000 $ 143,100
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION 4) s Adjustment
Sale or Financing FHA Conventional FHA
Date of Sale/Time 07/17/2020 11/30/2020 07/07/2020
Site 50x103 75x96.75 51x100 70x120
x Design (Style) Cape Cod Cape Cod Cape Cod Cape Cod
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Actual Age 1971 1928 1960 1970
0-
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(/) Room Count 7 4 1 7 4 1 6 3 1 0 7 4 1.1 -2,000
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.:( Gross Living Area 15.00 1,298 sq. ft. 1,120 sq. ft. 2,670 1,056 sq. ft. 3,630 1,600 sq. ft. -4,530
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Net Adjustment (Total) 0 + 0- 3,572 0+ 0 $ 0

8,370 0 22,823


GPARRES2 17 03272017
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07/31/2022
gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 3210young
gparT
GPARRES2_17 03272017
,.r
3210 Young Ave. 3014 Lafayette Cr. 3007 Sheffer Ave. 3007 Sheffer Ave.
ProximitytoSubject 0.18 miles SW 0.18 miles SW 0.18 miles SW
Sale Price $ $ 115,000 $ 94,250 $ 109,900
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +11 s Ad ustment DESCRIPTION +11 s Ad ustment DESCRIPTION • (-1 s Ad ustment
Concessions Concessions -3,000 No Concessions Sale
Site 50x103 70x115 50x103 50x103
Design )Style) Cape Cod Ranch Ranch Ranch
Actual Age 1971 1956 1955 1955
Room Count 7 4 1 6 3 1.1 -2,000 5 2 1 5 2 1 0

Gross LWin Area 15.00 1,298 s .ft. 1,207 sq.ft. 1,365 1,084 sq.fI. 3,210 1,084 s .ft. 3,210
Heating/Cooling FWA/NAC FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000
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Produced using AC1 software. 800.234.8727 vAvmaciweb.com This town Copyright 2005-2016 AC1. a First American Company. An Rights Reserved.
GPARRES2 17 03272017
ADDENDUM

Site Comments

area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are six active listing, active
$138,964.
the subject.
Comparable five and six are the same home and used to show the current market conditions of the potential increase in
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
3201 Alfred Ave.

Lansing, MI 48906
Sale Date: 07/17/2020
COMPARABLE SALE #2
3517 Lafayette Ave.

Lansing, MI 48906
Sale Date: 11/30/2020
COMPARABLE SALE #3
3122 Amherst Dr.

Lansing, MI 48906
Sale Date: 07/07/2020
COMPARABLE SALE #4
3014 Lafayette Cr.

Lansing, MI 48906
Sale Date: 10/30/2020
COMPARABLE SALE #5
3007 Sheffer Ave.

Lansing, MI 48906
Sale Date: 09/11/2020
COMPARABLE SALE #6
3007 Sheffer Ave.

Lansing, MI 48906
Sale Date: N/A
LOCATION MAP
W Stele Rd
otP°ct
• Corporal@ Avalon Ormo

0
Ctvc.
Comparable Sale 3
3122 Amherst Dr. Subject
Lansing, MI 48906 3210 Young Ave.
0.17 miles SW Lansing, MI 48906 6 Airm
onsrfr%
Comparable Sale 1 APthik,

3201 Alfred Ave.
Comparable Sale 4 j
Mt V( Rifrer.4 Lansing, MI 48906
3014 Lafayette Cr.
> e 0.03 miles SE
Lansing, M148906 • 1:
0.18 miles SW O.
9. Mint Rd
Sthridard 0, Wikse'r` Wdshri Ave g

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Comparable Sale 6
3007 Sheffer Ave.
Lansing, MI 48906 r
0.18 miles SW Lafayette Ayt
Dr
5
Comparable Sale 2 . *
Comparable Sale 5 3
3517 Lafayette Ave. i'
3007 Sheffer Ave. Pembroke%
, Lansing, M148906 , I Treat MI
Lansing, MI 48906 R
7; 0.23 miles SW •1 .ti
0.18 miles SW c J 3.
. ' ealikittile''' 'fr 4 4' I
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Camtwey Or 5
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CumberIand9 Iz cuint,tx'*
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and
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Treatment
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Barton Rd SPOW4r"‘"'
PickwKk 1.)1
••••
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FLOOD MAP
Capital Rectlon
International
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at 1.1,1tory and
Subject "t•-•• •
near I.
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9
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irvrrien neat/ Siur9 LANSING, MI 48906 Maintenance Shoo
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Zone: X
-= Forest •ri Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DF1RM
Sky Flood'
No yegreeentabons or warranties to any party cancer twig the content, accuracy or completeness of the flood repr't inducing dny rearticrity of marthantability or
fitness for a particular purpose A implied or ponded Veria scats!) tairtors alter between map Wets and are separate from flood WINS intomsahen at 01,ifttatf l.xatron
No iabtlity a accepted to Any Mal party for any ma or Amused Ova fined map or its cheat
Petroff Appraisals
File No. 407magn011a
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 407magn01ia
407 N. Magnolia Ave.

Lansing, MI 48912
$90,000
Ninety Thousand Dollars
DJP
Restricted Appraisal Report File No. 407magn011a
CO
Property Address 407 N. Magnolia Ave. City Lansing State Ml Zip 48912
f— Other Description (APN, Legal, etc.), if applicable Legal:Lot 116 Columbia Park , PP#:33-01-01-14-108-351
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407 N. Magnolia Ave. 641 N. Magnolia Ave. 431 N. Foster Ave. 531 N. Magnolia Ave.
Sale Price $ $ 80,000 $ 86,000 $ 82,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION () s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION ,(-) s Adjustment
Sale or Financing Cash Conventional Conventional
Date of Sale/Time 10/29/2020 12/03/2020 02/10/2021
Site 33x125 36.5x125 33x96 33x125
x Design (Style) Ranch Bungalow Bungalow Bungalow
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Actual Age 1968 1926 1925 1924
0-
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(/) Room Count 5 3 1 6 2 1 0 5 2 1 0 6 3 1 0
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.:( Gross Living Area 20.00 964 sq. ft. 704 sq. ft. 5,200 843 sq. ft. 2,420 920 sq. ft. 880
a,
2 Basement & Finished Full Full/Daylight -1,000 Full Full
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Net Adjustment (Total) 0 + U- 1,200 0+ Z 2,580 0 0 6,120



GPARRES2 17 03272017
Restricted Appraisal Report File No. 407magno11a
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07/31/2022
gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 407magnolia
gparT
GPARRES2_17 03272017
,.r
407 N. Magnolia Ave. 231 N. Magnolia Ave. 307 N. Hayford Ave. 416 N. Foster Ave.
ProximitytoSubject 0.12 miles SE 0.10 miles SE 0.15 miles NE
Sale Price $ $ 92,000 $ 99,500 $ 90,000
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 139.39 sq.ft. $ 141.34 sq. ft. $ 111.39 s .ft.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +1-) s Ad ustment DESCRIPTION +1-) $ Ad ustment DESCRIPTION • 1-1 s Ad ustment
Concessions Concession -1,000 No Concessions Sale
Site 33x125 36.5x125 31x135
Actual Age 1968 1950 1925 1940
Room Count 5 3 1 5 2 1 0 5 2 1 0 5 2 1 0
Gross LWin Area 20.00 964 s .ft. 660 sq.ft. 6,080 704 sq.fI. 5,200 808 s .It. 3,120
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o Adjusted Sale Price Net Adj. -4.3% Net Adj. -1.6% Net Adj. 0.1%
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fa. of Comparables
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GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 407magno1ia

Property Address: 407 N. Magnolia Ave. Case No.:
Site Comments

$101,993.
the subject.
Extra Comments
of this assignment.
ADDENDUM
Client: Lansing Housing Commission File No.: 407magnolia

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
Client: Lansing Housing Commission File No.: 407magn01ia
COMPARABLE SALE #1

Lansing, MI 48912
Sale Date: 10/29/2020
COMPARABLE SALE #2
431 N. Foster Ave.

Lansing, MI 48912
Sale Date: 12/03/2020
COMPARABLE SALE #3

Lansing, MI 48912
Sale Date: 02/10/2021
Wa.alator L2rtsf0 Asgoofation of REA

COMPARABLE SALE #4

Lansing, MI 48912
Sale Date: 10/30/2020
COMPARABLE SALE #5
307 N. Hayford Ave.

Lansing, MI 48912
Sale Date: 10/08/2020
COMPARABLE SALE #6
416 N. Foster Ave.

Lansing, MI 48912
Sale Date: N/A
LOCATION MAP
Property Address:407 N. Magnolia Ave. Case No.:
Darien 07
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Ormand 641 N. Magnolia Ave.
Marguerite Ave
Lansing, MI 48912
L 0.23 miles NE Shoppers May St
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a t: Comparable Sale 3 5 I
a 54 431 N. Foster Ave.
531 N. Magnolia Ave. a. Lansing, MI 48912
Lansing, MI 4891 2
0.13 miles N!
0.14 miles NE
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Lansing Catholic()
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407 N. Magnolia Ave. Comparable Sale 6 p
Lansing, MI 48912 416 N. Foster Ave.
Lansing, MI 48912
0.15 miles NE
Vane St
Vine St
Secretary of S
Tr Comparable Sale 4 Comparable Sale 5
JerOM9 St
5 231 N. Magnolia Ave. 307 N. Hayford Ave.
a Lansing, MI 48912 Lansing, MI 48912
:higan Ave E Mich 0.12 miles SE [ Michigan Avt 0.10 miles SE
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Panel: 26065C0132
Road View:
Zone: X
-= Forest •• Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DFIRM
Sky Flood"'
No osPeoeeritabonE or morantoin to any trolly convai twig ftio contmt, acturaty or ourroloteness of the flood repixt., inducing any orotarity of to thantabrlitv or
fitness for a parucular purpose a implied or pOncitai Vrsuri scatmo tarlors cigar bervreen map Wets and WM loperalo trom flood RCN* rnforrnabonat nriAllOg kxation
No inbtlity accepted to any Oval party tor any tne or mouse of Om flood map or Its chart
Petroff Appraisals
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 4206court1and
4206 Courtland Dr.

Lansing, MI 48911
$110,000
DJP
CO
Property Address 4206 Courtland Dr. City Lansing State Ml Zip 48911
f— Other Description (APN, Legal, etc.), if applicable Legal: Lot 278 Glenburne #5, PP#:23-50-40-36-402-081
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4206 Courtland Dr. 4101 Sheffield Blvd. 4010 Windward Dr. 4008 Heathgate Dr.
Sale Price $ $ 119,500 $ 130,000 $ 100,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION 1-) s Adjustment DESCRIPTION 4) s Adjustment
Sale or Financing Conventional FHA FHA
Date of Sale/Time 03/04/2021 12/04/2020 12/18/2020
Site 64x132 60x120 42x125 63x160
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a. Actual Age 1985 1966 1965 1972
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(/) Room Count 6 3 1 7 3 2 -4,000 6 3 2 -4,000 6 3 1
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.:( Gross Living Area 20.00 1,026 sq. ft. 1,056 sq. ft. -600 1,056 sq. ft. -600 1,062 sq. ft. -720
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0 Rooms Below Grade Unfinished Part Finished -2,000 Part Finished -2,000 Part Finished -2,000
a Heating/Cooling FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000 FWA/CAC -4,000
u)
0 F/P 1 F/P -500 1 F/P -500 0 F/P
Net Adjustment (Total) 0 + J. 11,1000 + 0 17,1000 J. $ 12,720



GPARRES2 17 03272017
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Petroff Appraisals
gparT
GPARRES2_17 03272017
,.r
Restricted Appraisal Report File No. 4206c0urt1and
4206 Courtland Dr. 3639 Blue River Dr. 4030 Heathgate Dr. 4124 Heathgate Dr.
Sale Price $ $ 105,000 $ 128,000 $ 122,000
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 102.74 sq. ff. $ 126.98 sq. ft. $ 112.96 s A.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION • s Ad ustment DESCRIPTION • (-) $ Ad ustment DESCRIPTION • (-1 s Ad ustment
Sale or Financing Cash Conventional Pending
Site 64x132 80.37x145.5 60x125 72.52x125
Actual Age 1985 1968 1973 1973
Room Count 6 3 1 5 2 1 6 3 1 6 3 1
Gross LWin Area 20.00 1,026 s .ft. 1,022 sq.tt. 80 1,008 sq.fI. 360 1,080 s .ft. -1,080
0 F/P 2 F/P -1,000 0 F/P 0 F/P
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GPARRES2 17 03272017
ADDENDUM

Site Comments

$125,984.
the subject.
Extra Comments
of this assignment.
ADDENDUM
Client: Lansing Housing Commission File No.: 4206cour11and

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
Client: Lansing Housing Commission File No.: 4206courtland
COMPARABLE SALE #1
4101 Sheffield Blvd.

Lansing, MI 48911
Sale Date: 03/04/2021
COMPARABLE SALE #2
4010 Windward Dr.

Lansing, MI 48911
Sale Date: 12/04/2020
COMPARABLE SALE #3
4008 Heathgate Dr.

Lansing, MI 48911
Sale Date: 12/18/2020
COMPARABLE SALE #4
3639 Blue River Dr.

Lansing, MI 48911
Sale Date: 12/30/2020
COMPARABLE SALE #5
4030 Heathgate Dr.

Lansing, MI 48911
Sale Date: 05/03/2021
COMPARABLE SALE #6
4124 Heathgate Dr.

Lansing, MI 48911
Sale Date: N/A
LOCATION MAP
<1) Cooley Dr
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2.
Hunters Ridge Park 9 Trinity Church 9

Comparable Sale 4 I Starlight DT ofbc-f ry Rd
3639 Blue River Dr. Comparable Sale 1 1
Lansing, MI 48911 4101 Sheffield Blvd. W Holmes Rd W Holmes Rd
0.42 miles NE Lansing, MI 48911 401
T
Anderson Nature Park 0.35 miles NE 64
. 4,1„0 Helpin
Comparable Sale 2 . 4.4.
ft,
4010 Windward Dr. CAT
Lansing, MI 48911
Woodereek1,0 0.40 miles NE
faveirstc
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Comparable Sale 6 0, 1
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4124 Heathgate Dr.
01
Lansing, MI 48911 >
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0.25 miles NE j
Comparable Sale 3 I *4eafer Ra
-
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Fine Park 9 aatmorAl or
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0.40 miles NE
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4206 Courtland Dr. Comparable Sale 5 ,1
Lansing, MI 48911 4030 Heathgate Dr.
Lansing, MI 48911
0.35 miles NE ttoratid St
,otrryttei St
matt', '31
woo's%
W Jolly Rd W Jolly Rd W Jolly Rd
„torlskwr Pr
Wexford Montessori 9
73 Academy
a.
i-laolool Rd
1 Viola Or
Sievanee Or
pentom-0 ar
Norwrif Dr Nanette Dr
Map data ©2021

FLOOD MAP
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Zone: X
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Map Date: 08-16-2011
Fl PS: 26045
Source: FEMA DFIRM
Sky Flood"'
40 fePresentabons o warrantres to any poly concia twig Ins content, accuracy or completeness of this flood owIt inducing any wortunty of marthantablIrtv of
fitness for a partatriar purpose IS IMplifild or retseded Vocroi scatno tortors dita,a berws.en map Wens and WM sapale tram flood WIe altorrnabon at drifillUtf kxaton
No inbtlity accepted to WV/ thul party tar any ina ar rnrussed this flood map or as chits
Petroff Appraisals
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 4217g1enburne

Lansing, MI 48911
$130,000
One Hundred Thirty Thousand Dollars
DJP
co
Property Address 4217 Glenburne Blvd. City Lansing State MI Zip 48911
f- Other Description (APN, Legal, etc.), if applicable Legal:Lot 323 Glenburne #5 , PP#:23-50-40-36-407-031
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4217 Glenburne Blvd. 3124 W. Holmes Rd. 3811 Cooley Dr. 2908 Averill Dr.
Sale Price $ $ 108,700 $ 150,000 $ 133,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION • (-) s Adjustment
Date of Sale/Time 11/24/2020 12/23/2020 01/08/2021
Site 96.57x131.28 70x172 89x104.95 70x139
x Design (Style) 2 Story Duplex 2 Story Duplex 2 Story Duplex Ranch Duplex
0
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a. Actual Age 1984 1965 1967 1969
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(/) Room Count 8 4 2 12 6 3 -4,000 8 4 2 8 4 2
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.:( Gross Living Area 20.00 1,856 sq. ft. 2,220 sq. ft. -7,280 2,566 sq. ft. -14,200 1,512 sq. ft. 6,880
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Net Adjustment (Total) 0 + a 21,280 0+ 0 18,2000 0 220

Adjusted Sale Price Net Adj. -19.6% Net Adj. -12.1% Net Adj. 0.2%


GPARRES2 17 03272017
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GPARRES2_17 03272017
Petroff Appraisals
gparT
GPARRES2_17 03272017
,.r
4217 Glenburne Blvd. 2223 W. Jolly Rd. 3606 Malibu Dr. 3612 Malibu Dr.
Sale Price $ $ 125,000 $ 127,500 $ 159,900
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 90.25 sq.tt. $ 61.95 sq. ft. $ 78.08 s . ft.
Sale or Financing Cash Pending Active
Concessions No Concessions Sale Listin g
Site 96.57x131.28 75x202.5 60x122.48 60x122
Design (Style) 2 Story Duplex 2 Story Duplex Bi Level Duplex Bi Level Duplex
Actual Age 1984 1930 +6,250 1968 1968
Room Count 8 4 2 8 4 2 10 4 2 0 10 4 2 0
Gross LWin Area 20.00 1,856 s it. 1,385 sq.tt. 9,420 2,058 sq.fI. -4,040 2,048 s .ft. -3,840
Rooms Below Grade Unfinished Unfinished Finished 0 Finished 0
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a 0, 0 - 11,6700+ 0 8,0400 0 $ 3,840
o Adjusted Sale Price Net Adj. 9.3% Net Adj. -6.3% Net Adj. -2.4%
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GPARRES2 17 03272017
ADDENDUM

Site Comments

area. I searched a two mile radius from the subject over the past 12 months for multi family units. Currently there are seven
and a median value of $148,857. Over the past 12 months there have been nine sales with a range of $65,000-$154,000
the subject.
Extra Comments
of this assignment.
ADDENDUM


estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

Appraised Value: $ 130,000
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
3124W. Holmes Rd.

Lansing, MI 48911
Sale Date: 11/24/2020
COMPARABLE SALE #2
3811 Cooley Dr.

Lansing, MI 48911
Sale Date: 12/23/2020
COMPARABLE SALE #3
2908 Averill Dr.

Lansing, MI 48911
Sale Date: 01/08/2021
k:11'.11tla P.,!:!;f1(;i1A:()11 (fi i (

COMPARABLE SALE #4
2223 W. Jolly Rd.

Lansing, MI 48911
Sale Date: 04/19/2021
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COMPARABLE SALE #5
3606 Malibu Dr.

Lansing, MI 48911
Sale Date: N/A
COMPARABLE SALE #6
3612 Malibu Dr.

Lansing, MI 48911
Sale Date: N/A
LOCATION MAP
W V1,410_4 n ;id E Sheridati Rd
711110 r• .
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Edgemont CC!...111 E. 54
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Waverly
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Lansing ,
W dtirr.acuc KulamAt
Comparable Sale 2 sy
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3811 Cooley Dr.
1.40 miles NE 2908 Averill
`4110,
Lansing, MI 48911 Potter Pa
1.14 miles NE
-
Comparable Sale 6
3612 Malibu Dr.
Lansing, MI 48911
1.06 miles NE
Comparable Sale 5
3606 Malibu Dr. Comparable Sale 1
Lansing, MI 48911 31 24 W. Holmes Rd.
1.16 miles NE V
OLEi EVERETT
Subject y
Lansing, MI 48911
e:
Comparable Sale 4
2223W. Jolly Rd.
Lansing, MI 48911
13111wvod Hr.? Start Hwy
1.50 miles SE
Bishop Hwy t
Wad.taittoy Rd DL
Dtmondale Hwy
DIMONDALE 0
Hzti •vv Holt High School Holt Rd

- Main Campus
Google Opdh, Map data @2021

FLOOD MAP
1 Dwight RIO
CltiVol Of IN Ait:
Ingham Pere9
1.4.. •
AVerill Ne'vt 9
Tech Elementary
'Dingy Church 9
MINN ...pm. Lansing aradul9 51:1 litiv•ar
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Anderson Natum DarIvs. ilesteng *rands Crimean
Crea Monies-attic? Learnice (.;ereet 9
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Subject .1••••
4217 GLENBURNE BLVD Oarvelgul Ci s

Elernura,s-,,S,:brO y
LANSING, MI 48911
t Ass
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014 Jot) id •I**/ ;11 1%, .41Iy Ad
mor4e,s.i.pri 9
Academy
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Vane Park
Mary !tape
Ouch-God ia Chist 9 9
Mato'
Attarimentr
Googly Predate mat

Panel: 26065C0128
Road View:
Zone: X
=- Forest •• Water
Map Date: 08-16-2011
FIPS: 26045
Source: FEMA DFIRM
Sky Flood"'
No ve)rceentabone ra earache* kiwie party cameo twig ftie content, accuracy or ourroleteness of the flood reptat including any warrunty of menhantabllity or
fitness for a particufie purpose St 111111113d or pmsemied V rsue scaling twice-sailer between map Wens and ititi 10,ipetato tram flood 21:101? astorrnabon at ITIAlkag kxation
No inbtlity accepted to Any Mad party or any me or moused this flood map or its data
Petroff Appraisals
File No. 537c0mmunity
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 537c0mmunity
537 Community St.

Lansing, MI 48906
$110,000
DJP
Restricted Appraisal Report File No. 537c0mmunity
co
Property Address 537 Community St. City Lansing State Ml Zip 48906
t- Other Description (APN, Legal, etc.), if applicable Legal:Lot 27 Supervisors Plat of Community Home Sites, PP#:33-01-01-04-230-151
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537 Community St. 3015 Creston Ave. 2701 Creston Ave. 2626 Creston Ave.
Sale Price $ $ 109,125 $ 130,400 $ 110,000
Sale or Financing Cash FHA MSHDA
Date of Sale/Time 08/07/2020 11/12/2020 12/01/2020
Site 50x140 100x201 45x201 41x120
x Design (Style) 2 Story Cape Cod Cape Cod 2 Story
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a. Actual Age 1968 1948 1926 1926
0- Condition Average Average Updated -13,040 Average
a
0
(/) Room Count 7 4 1.1 6 3 1 +2,000 8 3 1.1 0 6 3 1 +2,000
cc
.:( Gross Living Area 15.00 1,308 sq. ft. 1,066 sq. ft. 3,630 1,194 sq. ft. 1,710 1,179 sq. ft. 1,935
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Net Adjustment (Total) 0 + 0- 2,370

0+ Z 13,33011) 0 65


GPARRES2 17 03272017
Restricted Appraisal Report File No. 537c0mmun1ty
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GPARRES2_17 03272017
Petroff Appraisals
File No. 537c0mmun1ty
gparT
GPARRES2_17 03272017
,.r
537 Community St. 807 Paulson St. 16913 N. Cedar St. 321 E. Thomas St.
Proximity to Subject 0.23 miles SE 0.35 miles NW 0.57 miles SW
Sale Price $ $ 80,000 $ 104,500 $ 128,500
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION * s Ad ustment DESCRIPTION +11 $ Ad ustment DESCRIPTION • (- s Ad ustment
Sale or Financing FHA Conventional Active
Concessions Concessions -4,800 Concessions -4,500 Listing
Site 50x140 66x172 64x308 42x134
Design (Style) 2 Story 2 Story 2 Story 2 Story
Actual A e 1968 1913 1925 1927
Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdans. Baths Total Bdrms Baths
Room Count 7 4 1.1 6 3 1 +2,000 5 2 1 +2,000 8 4 1 +2,000

Gross LWin Area 15.00 1,308 s .ft. 1,032 sq.tt. 4,140 907 sq.fI. 6,015 1,274 s .1t. 510
Basement & Finished Full Part Crawl +4,535 Full
Heating/Cooling FWA/NAC FWA/NAC FWA/CAC -4,000 FWA/NAC
x
(-) Net Adjustment (Total)
a 0 + J. 6600 + 0 0 50 0 $ 510
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GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 537community

Property Address: 537 Community St. Case No.:
Site Comments

area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are five active listing, active
$73,982.
the subject.
Extra Comments
of this assignment.
ADDENDUM
Client: Lansing Housing Commission File No.: 537c0mmunity

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
3015 Creston Ave.

Lansing, MI 48906
Sale Date: 08/07/2020
COMPARABLE SALE #2
2701 Creston Ave.

Lansing, MI 48906
Sale Date: 11/12/2020
COMPARABLE SALE #3
2626 Creston Ave.

Lansing, MI 48906
Sale Date: 12/01/2020
COMPARABLE SALE #4
807 Paulson St.

Lansing, MI 48906
Sale Date: 07/06/2020
COMPARABLE SALE #5
16913 N. Cedar St.

Lansing, MI 48906
Sale Date: 02/11/2021
11 I 11 1111111111111111111111
-0
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COMPARABLE SALE #6
321 E. Thomas St.

Lansing, MI 48906
Sale Date: N/A
(r.:1:•1(,1 I (;111-1(? of :1 PJ '101:;

LOCATION MAP
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tc Rd W State Rd W State Rd W State Rd E Slate Rd E State Rd
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Comparable Sale 5
Mary r),
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Deem Dr Lansing, MI 48906
I-Atom,* Rd
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537 Community St.
t4Y.m Comparable Sale 1 Lansing, MI 48906
7
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3015 Creston Ave. 92
Lansing, MI 48906 Frucktrklt AVN
Comparable Sale 4
0.38 miles SW 807 Paulson St.
W Lansing, MI 48906
0.23 miles SE
Comparable Sale 2
2701 Creston Ave. Commundy St
Lansing, MI 48906
0.48 miles SW E Pookoo st
ehMen Are
W Jackat, vt Bates St
„tactrzon St
Comparable Sale 3 t- Hum St

LHarrts St
2626 Creston Ave.
Lansing, MI 48906
0.48 miles SW . RactilakairSt
McLai
Comparable Sale 6 I' Lam
321 E. Thomas St.
FOierSt
Lansing, MI 48906
...k st 0.57 miles SW
o, 3 E Moroni,
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Panel: 26065C0018
Road View:
Zone: X
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Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DF1RM
Sky Flood"'
No vegroeentabone Qt warrantosa to any petty co1veunet9 els content, acturaoz or ctonoloteness (Attire flood repcet inducing any warranty Of meithantabrldr Of
fitness for a parnctiar purpose rs or provided Vrstrai sott,no tartors atter between map layers and AWN separate from flood 21)01? rnfomsebon at ITIAllug kxanon
No inbtlity accepted to Any thrtl party tor any use Or Minna-0f tin flood map or as data
Petroff Appraisals
File No. 6309c00per
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 6309c00per
6309 Cooper Rd.

Lansing, MI 48911
$110,000
DJP
CO
Property Address 6309 Cooper Rd. City Lansing State Ml Zip 48911
f— Other Description (APN, Legal, etc.), if applicable Legal:Lot 33 exc N 66' Supervisors Plat of Miller Road Farms , PP#:33-01-05-09-102-121
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6309 Cooper Rd. 6217 Daft St. 6022 Kyes Rd. 6429 Sommerset Rd.
Sale Price $ $ 125,000 $ 122,000 $ 79,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION +11 S Adjustment
Sale or Financing FHA FHA VA
Concessions No Concessions Concessions -3,660 Concessions -2,370
Date of Sale/Time 08/18/2020 10/14/2020 10/27/2020
Site 63.2x240 66.39x141.08 104x65 55x198
0
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Actual Age 1971 1980 1967 1951
0-
0
(/) Room Count 6 3 1 6 3 1 6 3 1.1 -2,000 5 2 1
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.:( Gross Living Area 20.00 1,025 sq. ft. 963 sq. ft. 1,240 1,092 sq. ft. -1,340 997 sq. ft. 560
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a Heating/Cooling FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000 FWA/NAC
u)
Net Adjustment (Total) 0 + J- $ 0+

6,760 Z 20,0000 0 2,825


GPARRES2 17 03272017
Restricted Appraisal Report File No. 6309cooper
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gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 6309cooper
gparT
GPARRES2_17 03272017
,.r
6309 Cooper Rd. 6234 Cooper Rd. 5929 Hilliard Rd. 6537 Sommerset Rd.
Address Lansing, MI 48911 Lansing,MI 48911 Lansing,MI 48911 Lansing,MI 48911
Sale Price 68,000 $ 149,900 $ 129,900
Sale Price/Gross Liv. Area $ 0.00 sg.tt. $ 88.31 sg.tt. $ 156.15 sg.ft. $ 77.18 s .it.
Data Source GLARMLS#:246896/DOM:2 GLARMLS#:254030/DOM:8 GLARMLS#:255027/DOM:3
Verification Source Assessor Assessor Assessor
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +0 $ usiment DESCRIPTION +1-) $Adjustment DESCRIPTION • IISAdiustment
Sale or Financing Conventional Pending Pending

Concessions No Concessions Sale Sale
Site 63.2x240 66x240 66x132 91x110
Desian IStyle Ranch Ranch Ranch Ranch
Actual Age 1971 1950 1966 1955
Above Grade Total Bdrms. Baths Total Bdrms Baths Total Bdrms. Baths Total Bdrms. Baths
Room Count 6 3 1 6 3 6 3 1 7 3 1.1 -2,000

Gross Living Area 20.00 1,025 s .it. 770 sa.tt. 5,100 960 s 1,300 1,683 s .ft. -13,160
Basement & Finished Full Crawl +3,850 Full Slab +8,415
Rooms Below Grade Unfinished Finished -6.000
Heating/Cooling
Coolin FWA/NAC FWA/CAC -4,000 FWA/CAC -4,000 FWA/CAC -4,000
Enerrtv Efficient Items None None None None
Net Adjustment (Total) 04 0- 4,950 0 + J. 14,700 0+ 0- 16,745

Adjusted Sale Price Net Adj. 7.3% Net Adj. -9.8% -12.9%
Net Adj.
of Comparables Gross Adj. 19.0% 72,950 Gross Adj. 1 1 .5% 135,200 Gross Adj. 25.8% $ 113,155
par
GPARRES2 17(13272017
ADDENDUM

Site Comments

$103,299.
the subject.
Extra Comments
of this assignment.
ADDENDUM
Client: Lansing Housing Commission File No.: 6309cooper

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
6217 Daft St.

Lansing, MI 48911
Sale Date: 08/18/2020
COMPARABLE SALE #2
6022 Kyes Rd.

Lansing, MI 48911
Sale Date: 10/14/2020
COMPARABLE SALE #3
6429 Sommerset Rd.

Lansing, MI 48911
Sale Date: 10/27/2020
COMPARABLE SALE #4
6234 Cooper Rd.

Lansing, MI 48911
Sale Date: 08/05/2020
COMPARABLE SALE #5
5929 Hilliard Rd.

Lansing, MI 48911
Sale Date: N/A
COMPARABLE SALE #6
6537 Sommerset Rd.

Lansing, MI 48911
Sale Date: N/A
021 C,40.14tor L.nsrAScoriAm

LOCATION MAP
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5929 Hilliard Rd. . Park
Lansing, M148911
awed Si 0.43 miles NE
R43eunen Ave W Claremore, Or
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Comparable Sale 4
,..,.4 6234 Cooper Rd.
+fevel.6' Comparable Sale 2
4-, Lansing, Ml 48911 v 6022 Keys Rd.
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6217 Daft St. tc-
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Lansing, Ml 48911
0.35 miles NW
PINPri RivT1 Comparable Sale 3

Subject 046
6429 Sommerset Rd 06
6309 Cooper Rd. Lansing, MI 48911
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Lansing, MI 48911 0.27 miles SE
ort, /
Sawyer Rd
Comparable Sale 6
Flyher E Eoewc 6537 Sommerset Rd.
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0.33 miles SE
Dmimin Or
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Olivet Baptist Church Capitol City Baptist 9
Church And School
Unity Spiritual
Center of Lansing
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Google Map data ©2021
FLOOD MAP
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6309 COOPER RD
LANSING, MI 48911
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Community: City of Lansing = FEMA Special Flood Hazard Area - High Risk

Map Number: 26065C0141D Moderate and Minimal R14 Areas

Zone: X
11. 14 — Forest Water
Map Date: 08-16-2011
FIPS: 26065
Source: FEMA DFIRM
Sky Flood'
No :op manta:lore or warrant:en to any petty tomer twig ear controt, accureoy or ourrtolotanass of dna flood toport inch:dot) any man Gray of me ittantability or
fitness for a partc dar purpose St MOW or redacted lirsual scatno
- tra-torr dtfes betwo41.n 'hap layers and aro 'operate from flood /one rriomaabon at nrairan locatron
No inbtlity ts accepted to arry therl party for any use cr moused tins Road map ot as data
Petroff Appraisals
File No. 902m111er
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 902mi11er
902 W. Miller Rd.

Lansing, MI 48911
$125,000
One Hundred Twenty-Five Thousand Dollars
DJP
Restricted Appraisal Report File No. 902m111er
information in the appraisers workfile. The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property, given the intended use of the appraisal.
Client Lansing Housing Commission E-mail kims@lanshc.org

Client Address 419 Cherry St. City Lansing State Ml Zip 48933
Intended Use The intended use of the report is to establish a market value of the residential property for potential resale. The intended user
Property Address 902 W. Miller Rd. City Lansing State Ml Zip 48911
Other Description (APN, Legal, etc.), if applicable Legal:Lot 1 Southbrook Subdivision , PP#:33-01-05-05-431-311
Property Rights Appraised 0 Fee Simple 0 Leasehold 0 Other (describe)

SALESHISTORY
Prior Sale/Transfer: Date N/A Price N/A Source(s) MLS Records/Assessor

Analysis of prior sale transfer history of the subject property (and comparable sales, if applicable) None Noted
Offerings, options and contracts as of the effective date of the appraisal None Noted
Financing was found to be readily available at attractive rates of interest and at terms generally acceptable to the
Marketability Comments:
MC:MIMFE
All information used and relied upon within the report was gathered from an exterior inspection of the home, the
Improvement Comments:
902 W. Miller Rd. 5710 Orchard Ct. 4725 S. Pennsylvania Ave. 1618 Alpha
Sale Price 107,000 145,000 108,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) $ Adjustment DESCRIPTION (-) $ Adjustment DESCRIPTION (-) $ Adjustment
Sale or Financing Conventional Conventional Cash

Date of Sale/Time 05/22/2020 03/19/2021 09/02/2020
Site 75.70x116.50 70x120 66x132 41x132
2 Story Duplex 2 Story Duplex Bi Level Duplex 2 Story Duplex
SALESCOMPARISONAPPROACH
Design (Style)
Actual Age 1972 1972 1980 1920 +5,400
Room Count 12 4 2 2 6 3 -4,000 8 4 2 10 4 2

Gross Living Area 20.00 2,234 sq. ft. 2,290 sq. ft. -1,120 1,562 sq. ft. 13,440 1,472 sq. ft. 15,240
Rooms Below Grade Unfinished Unfinished Finished Unfinished
Garage/Carport No Garage 1 Garage/Unit -4,000 No Garage No Garage
Net Adjustment (Total) , - 9,120 , - 9,090 , - 20,640

Adjusted Sale Price Net Adj. -8.5% Net Adj. 6.3% 19.1%
Net Adj.
of Comparables Gross Adj. 8.5% 97,880 Gross Adj. 12.3% $ 154,090 Gross Adj. 19.1% 128,640

cinar -
Page 1 of 3 (gPARm) General Purpose Appraisal Report 0312017
GPARRES2 17 03272017
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gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 902miller
gparT
GPARRES2_17 03272017
,.r
902 W. Miller Rd. 6332 Norburn Way 801 Conrad Ave. 5802 Orchard Ct.
Sale Price $ $ 107,500 $ 116,000 $ 155,000
Sale Price/Gross Liv. Area $ 0.00 s .it. $ 55.53 sq. it. $ 65.91 sq. ft. $ 62.10 s . ft.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +11 s Ad ustment DESCRIPTION +11 $ Ad ustment DESCRIPTION • (-1 s Ad ustment
Concessions No Concessions Concessions -2,000 Listing
Site 75.70x116.50 75x104 80x126.5 74x189.75
Design (Style) 2 Story Duplex Bi Level Duplex Ranch Duplex 2 Story Duplex
Actual Age 1972 1970 1971 1968
Room Count 12 4 2 8 4 2 0 8 4 2 0 10 6 3 -4,000

Gross LWin Area 20.00 2,234 s .it. 1,936 sq.tt. 5,960 1,760 sq.fI. 9,480 2,496 s .it. -5,240
Rooms Below Grade Unfinished Finished 0 Unfinished Unfinished
x
a 0, 0- 5,960
(I) + ID 7,4800 11) 7,000
o Adjusted Sale Price Net Adj. 5.5% Net Adj. 6.4% Net Adj. -4.5%
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fa. of Comparables
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GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 902mi11er

Property Address: 902W. Miller Rd. Case No.:
Site Comments

area. I searched a one mile radius from the subject over the past 12 months for multi family units. Currently there are two
and a median value of $239,450. Over the past 12 months there have been seven sales with a range of $92,500-$167,600
the subject.
Extra Comments
of this assignment.
ADDENDUM


estate.
greatest return.
Property Address: 902 W. Miller Rd. Case No.:
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
5710 Orchard Ct.

Lansing, MI 48911
Sale Date: 05/22/2020
COMPARABLE SALE #2
4725 S. Pennsylvania Ave.

Lansing, MI 48910
Sale Date: 03/19/2021
COMPARABLE SALE #3
1618 Alpha
Lansing, MI 48910
Sale Date: 09/02/2020
COMPARABLE SALE #4
6332 Norburn Way

Lansing, MI 48911
Sale Date: 03/18/2021
COMPARABLE SALE #5
801 Conrad Ave.

Lansing, MI 48911
Sale Date: 07/09/2020
Sale Price: $ 1-16,003
COMPARABLE SALE #6
5802 Orchard Ct.

Lansing, MI 48911
Sale Date: N/A
LOCATION MAP
, doar
rr.
Edgemont .'11.1•
1.1L73
Park
113
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CD
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Lansing
EASTSIDE
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127 t St
"
Comparable Sale 3
1618 Alpha
Lansing, MI 48910 tter Park Zoo9
3.41 miles NE Crego Park KO
—
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;71
Comparable Sale 2 Univ(

W knlro; Pd W
Lansing, MI 48910
1.78 miles NE
0 OLD EVERETT
NEIGHBORHOOD
Comparable Sale 1
W Jowl, Ad F Jolty Rd 5710 Orchard Ct.
Subject Lansing, MI 48911
902W. Miller Rd. / 1.23 miles NE
Lansing, MI 48911J
— 4'otlhttip St
Comparable Sale 6
5802 Orchard Ct.
e•letiolau.lwNt
k6,, ar
Lansing, MI 48911 5,m131,111 I w
1.20 miles NE 4
••11.11.111.19111MIP ...m=
•
"C •Ssi r'• Dad Rd
Comparable Sale 5
801 Conrad Ave. Comparable Sale 4
Lansing, MI 48911 6332 Norb urn Way
1.73 miles SE
%,,„ Holt High School? HOLT

- Main Campus
Delhi Charter
Township
Google P.1
Map data ©2021
FLOOD MAP
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Subject
902 W MILLER RD
LANSING, MI 48911
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9 /9 roit Cincban Cruarn
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111 FEMA Special Flood Hazard Area — Hrgh Risk
Map Number: 26065C0137D • i Moderate and Minimal Risk Areas
Panel:26065C0137 Road View:

Zone: X
-= Forest Water
Map Date: 08-16-2011
FlPS: 26065
Source: FEMA DFIRM
Sky Flood"'
No logroeentotionE or warranties to any irony oorivou twig the content, actureoz or completeness of the flood reptat including any warturity of men..hantabllity Of
fitness for a particular purpose is MORA or poem-SW Vrtue scat.no factors altar between map layers and AIN wpate trom flood lone rntorrnabonat 151/RiUrE kxation
No lability rz accepted many tharl party tar any ma or Altana- at this flood map or its data
Petroff Appraisals
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: d2511dunlap
2511 Dunlap St.

Lansing, MI 48911
$105,000
One Hundred Five Thousand Dollars
DJP
CO
Property Address 2511 Dunlap St. City Lansing State Ml Zip 48911
f— Other Description (APN, Legal, etc.), if applicable Legal:E 1/2 Lot 8 Block 3 DeWitts Subdivision , PP#:33-01-01-30-476-541
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2511 Dunlap St. 3111 Viking St. 3316 Maloney St. 3107 Lawdor Rd.
Proximity to Subject 0.08 miles SW 0.24 miles SE 0.46 miles SW
Sale Price $ $ 123,500 $ 125,000 $ 110,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION *11 S Adjustment
Date of Sale/Time 07/22/2020 12/22/2020 02/09/2021
Site 33x140 70x186.5 70x233.5 80x120
0
o
cc
a. Actual Age 1968 1971 1963 1968
a
0
(/) Room Count 6 3 1 6 3 1 6 3 1.1 -2,000 6 3 1
cc
.:( Gross Living Area 20.00 964 sq. ft. 960 sq. ft. 80 1,024 sq. ft. -1,200 1,001 sq. ft. -740
a,
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a Heating/Cooling FWA/NAC FWA/CAC -4,000 FWA/NAC FWA/CAC -4,000
u)
Barn -5,000
Net Adjustment (Total) 0 + a 0+

9,920 J. 19,2000 J. $ 14,740


GPARRES2 17 03272017
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gpar
GPARRES2_17 03272017
Petroff Appraisals
gparT
GPARRES2_17 03272017
,.r
2511 Dunlap St. 3200 Ingham St. 2904 S. Catherine St. 2905 Ingham St.
Sale Price $ $ 106,750 $ 96,000 $ 107,500
Sale Price/Gross Liv. Area $ 0.00 s .it. $ 114.05 sq. it. $ 111.11 sq. ft. $ 103.97 s . it.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) s Ad ustment DESCRIPTION +11 $ Ad ustment DESCRIPTION • 1-1 s Ad ustment
Sale or Financing Conventional FHA Active
Concessions No Concessions Concessions -2,880 Listin g
Site 33x140 70x187.35 75x135.7 70x100
Design (Style) Ranch Cape Cod Ranch Ranch
Actual A e 1968 1941 1957 1923
Room Count 6 3 1 6 3 1 7 3 1 15 2
Gross LWin Area 20.00 964 s .it. 936 sq.tt. 560 864 sq.fI. 2,000 1 ,034 s .it. -1,400
Basement & Finished Full Full Crawl +4,320 Full
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GPARRES2 17 03272017
ADDENDUM

Site Comments

$133,841.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
3111 Viking St.

Lansing, MI 48911
Sale Date: 07/22/2020
COMPARABLE SALE #2
3316 Maloney St.

Lansing, MI 48911
Sale Date: 12/22/2020
COMPARABLE SALE #3
3107 Lawdor Rd.

Lansing, MI 48911
Sale Date: 02/09/2021
COMPARABLE SALE #4
3200 Ingham St.

Lansing, MI 48911
Sale Date: 12/15/2020
COMPARABLE SALE #5
2904 S. Catherine St.

Lansing, MI 48911
Sale Date: 02/26/2021
COMPARABLE SALE #6
2905 Ingham St.

Lansing, MI 48911
Sale Date: N/A
©2021 Greater Lansing Association dr REACtOlIS

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LANSING HOUSING
COMMISSION
Direct, confidential sales of

affordable housing. TM
PREPARED: i-ebruary 28, 2022
KYLE SHOEMAKER BILL BRADING

Managing Director Associate
490 Pennsylvania Avenue 490 Pennsylvania Avenue
Glen Ellyn, Illinois 60137 Glen Ellyn, Illinois 60137
P 630.405.6501 P 630.405.6595
F 630.405.6511 F 630.405.6595
c 773.573.7978 C 404.964.5398
shoemaker@ahibinc.com bbrading@ahibinc.com
www.ahibinc.com www.ahibinc.com AFFORDABLE HOUSING
INVI:STMENT BROKERAGE, INC.
LANSING HOUSING COMMISSION Process and Qualifica-
MARKETING RESULTS AND BROKER OPINION OF VALUE

In October of 2021, our firm was engaged to assist in the marketing and promotion of the Lansing Housing Commission's Request
for Proposal (RFP) to potentially sell a portfolio of 242 units of duplexes and single family homes. The proposed concept was to
execute the sale under the guidelines of HUD Section 18, allowing housing authorities to sell assets to individuals or businesses.
Based on the expected rents available for a post-sale, project-based rent subsidy contract, our firm would expect the asset's value
to land between $13,000,000 and $14,500,000. This conclusion is derived from the available gross income through the rent subsidy
contract, and projected operating expenses to derive an NOI. Capitalizing that NOI at a rate between 7% and 8% gives this range
of income-based valuation.
That being said, from a sales and cost approach for single-family housing, a higher valuation can be supported. Given that the
median home value in Lansing Michigan was at $110,000 in January of 2022, then a much higher value is realistic, even when
considering a substantial bulk-sale discount. Furthermore, individual appraisals reflected values between $75,000 to $125,000 per
home. Therefore, our expectation would be a discount of 60-70% of the stand-alone median home value, leading to a conclusion
ranging between $16,000,000 and $18,600,000.
Our firm conducted an extensive marketing effort, both within our existing network of affordable housing investors and developers,
and extending to multi-family operators in Michigan and national single-family portfolio buyers. Our efforts resulted in confidentiality
agreements being executed by over 30 investors, several property tours, and multiple offers. This leads to our conclusion that the
highest value would be achieved from a buyer valuing based on comparables and cost, rather than via the income approach.
Sincerely,
Kyle Shoemaker
Managing Director
Affordable Housing Investment Brokerage, Inc.
AFFORDABLE HOUSING This information is taken from sources believed to be reliable. Affordable Housing Investment Brokerage, Inc. makes no representations or warranties, expressed
or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risks for
INVESTMENT BROKERAGE, INC. any inaccuracies. 2
LEAD TEAM MEMBER BIOGRAPHY

Kyle Shoemaker, Managing Director, formed Affordable Housing Investment Brokerage after
identifying a need for an investment brokerage company dedicated to the specific needs of the
affordable housing industry. Prior to founding the company, Kyle participated in the brokerage
of over 97 transactions totaling over $700M in market value as a Senior Associate at a national
investment real estate company. In 2012, Kyle was recognized with the Outstanding Sales
Achievement Award. Kyle earned a BS in Finance from Indiana University in Bloomington, IN.
Bill Brading, Associate, covers the Southeast region of the United States for AHIB, Inc. Bill
has over 4 years of commercial real estate experience ranging from a small family office to
CBRE, a publicly traded company. In addition, Bill is on the Board of a related group of non-
profit corporations that own or serve as the general partner in affordable housing apartments
and senior living facilities.
Bill earned his BS in Business Management from Terry College of Business at the University
of Georgia in Athens, GA. In 2016, he received his Master's in Business Administration (MBA)
with a focus on Entrepreneurship from the Acton School of Business. Acton has been ranked
by Princeton Review as a top 10 Best MBA Programs and #1 Most Competitive Students since
2013.
LANSING HOUSING COMMISSION Legal
CONFIDENTIALITY AND DISCLAIMER
This initial offering memorandum contains certain information regarding an affordable housing asset owned and operated by a
regional company. By accepting this offering memorandum, the recipient agrees that it will cause its directors, officers, employees
and representatives to use the information only to evaluate this specific transaction and for no other purpose. In addition, the recipient
agrees not to divulge the information contained herein to any other party and shall return this information, and any subsequent
release of information, upon request of the Seller. All recipients of this information are bound to the confidentiality agreement
previously signed by the recipient and held on file by Affordable Housing Investment Brokerage, Inc. (Agent). It is understood that
the recipient will refrain from any unauthorized on-site visits, contact with the Seller or contact with the property and/ or employees.
The Seller reserves the right to negotiate with one or more parties at any time and to enter into a definitive agreement with respect to a
transaction or to determine not to proceed with a transaction, without prior notice to the recipient. The Seller, and affiliates, shall not
be legally bound to any recipient of this marketing package unless a written agreement concerning a transaction has been approved
and dually executed.
The information contained in this marketing package was provided to the Seller and other public sources. This document has
been prepared from sources that are believed to be reliable. The Seller and Affordable Housing Investment Brokerage, Inc., all
affiliates and their respective officers, directors, managers or employees make no representation or warranty as to the accuracy or
completeness of any information.
LANSING HOUSING COMMISSION Offering Procedures
OFFERING PROCEDURES
PURCHASERS WISHING TEl MAKE AN OFFER ON THE PROPERTY SHOULD SUBMIT:
V Letter of Intent (template available upon request).

V Source and location of the equity monies necessary to close the proposed transaction: money market account, mar-
ketable securities, etc.
V Specific details of intended financing (ie. Fannie, Freddie, Credit Union, Local Bank etc.)
V List of other investment real estate owned now or in the past, including property type, address, size, approximate value
and period of ownership.
V Description of the purchaser's experience with investment real estate or related industries.
V Transaction references.
V Banking references
PRICING AND
FINANCIAL ANALYSIS
Executive Summary
Price Summary
Unit Mix Analysis
Income and Expenses
LANSING HOUSING COMMISSION Financial Analysis
EXECUTIVE SUMMARY
Property Details Debt Assumptions

Total Number of Units 242 Interest Rate 4.00%
Total Square Feet 431,115 Amortization Period 30 Years
Average Square Feet Per Unit 1,781 Years of Interest Only 0 Years
Annual Loan Constant 5.73%
Average Monthly Rent Per Unit $1,026 Loan Term 10 Years
Asset/Location Class C/B Year 1 DCR 1.58
Asset Type Single Family and Duplex Loan to Value 80%
Loan Amount $11,200,000
All Cash Summary
Price $14,000,000 Leveraged Summary
Cap Rate - Year One 7.25% Price $14,000,000
Cash on Cash Return - Year 1 12.84%

GRM 4.70 Cash on Cash Return - 3 Yr. Average 12.03%
Price Per Unit $57,851 All Cash IRR 8.54%
Price Per Foot $32.47 Leveraged IRR 19.44%
RENT ROLL SUMMARY
Unit Type Unit Scheduled Contract HUD Max 60%

Count Size Monthly Rent Rent FMR LIHTC Rent
27 2 Bed Single Family $22,005 $815 $909 $1,128
32 2 Bed Duplex $26,528 $829 $909 $1,128
98 3 Bed Single Family $105,056 $1,072 $1,171 $1,302
38 3 Bed Duplex $41,420 $1,090 $1,171 $1,302
37 4 Bedroom Units $40,663 $1,099 $1,453 $1,264
10 5 Bedroom Units $12,690 $1,269 N/A $1,604
242 Totals 431,115 $248,362

Vacant Averages 1781 $1,026 $444 $535
INVESTMENT BROKERAGE, INC. any inaccuracies.
PRICING SUMMARY
Based on today's investment environment, we expect a trade price to fall between
$12,750,000 to $14,500,000
Purchase Price Price Per Unit Year 1 Cap Rate All Cash IRR Initial Cash on Cash Leveraged IRR
$15,000,000 $61,983 6.77% 7.56% 10.51% 16.46%

$14,750,000 $60,950 6.88% 7.80% 11.06% 17.19%
$14,500,000 $59,917 7.00% 8.04% 11.63% 17.93%
$14,250,000 $58,884 7.13% 8.29% 12.22% 18.68%
Trade Price $14,000,000 $57,851 7.25% 8.54% 12.84% 19.44%
Range $13,750,000 $56,818 7.38% 8.80% 13.47% 20.21%
$13,500,000 $55,785 7.52% 9.07% 14.13% 20.99%
$13,250,000 $54,752 7.66% 9.34% 14.81% 21.78%
$13,000,000 $53,719 7.81% 9.62% 15.52% 22.59%
$12,750,000 $52,686 7.96% 9.90% 16.25% 23.42%
$12,500,000 $51,653 8.12% 10.20% 17.02% 24.26%
INCOME AND EXPENSES

Year 1 Per Unit Per Foot % of SGI
Gross Potential Rent $2,980,344 $12.315 $6.91

Total Economic Vacancy ($89410) ($369) 3.0% ($0.21)
Gross Operating Income $2,890,934 $11,946 $6.71
Total Fixed Expenses $1,815,000 $7,500 $4.21 62.78%
Total Expenses $1,815,000 $7,500 $4.21 62.78%
Net Operating Income Before Reserves $1,075,934 $4,446 $2.50 37.22%
Capital Reserves $60,500 $250 $0.14 2.09%
Net Operating Income After Reserves $1,015,434 $4,196 $2.36 35.12%
N OI SSI10103 9NI SI1OH9NI SNV1
LANSING HOUSING
COMMISSION
242 Units
Single Family
Duplexes
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P 630.405.6501 P 630.405.6595
F 630.405.6511 F 630.405.6595
c 773.573.7978 C 404.964.5398
shoemaker@ahibinc.com
www.ahibinc.com
bbrading@ahibinc.com
www.ahibinc.com
AFFORDABLE HOUSING
INVESTMENT BROKERAGE, INC.
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11001301061
From: Sam Spa dafore
Sent: Wed, 3 Aug 2022 14:51:33 +0000
To: Hornstein, Jane B; Szybist, Kathleen A; Clemons, Kawan T; King, Michelle D;
Polsinelli, Michael L; Gerut, John D
Cc: Vicki Vaughn; Amanta Groth; dfleming@lanshc.org; Kim Shirey; John Schuster
Subject: <External Message> Lansing Housing Commission - Section 18 Application
Attachments: Lansing Housing Commission - Section 18 Application.pdf, Lansing Housing
Commission - Section 18 Application - Appendix Supporting Documents.zip, LHC - Section 18 Scattered
Sites - HUD-52860-A - Supporting Narratives.pdf, LHC - Section 18 Scattered Sites - HUD-52860-A.pdf,
Lansing Housing Commission - Section 18 Scattered Sites — 90 Day Communication.pdf
CAUTION: This email originated from outside of the organization. Do not click links or open
attachments unless you recognize the sender and know the content is safe. If you have concerns
about the content of the email, please send it to phishing@hud.gov or click the Report Phishing
Button on the Outlook ribbon or Phishing option within OWA.
All — Please find attached the Lansing Housing Commission's formal Section 18 Application submission.
Thank you for your previous support meeting with the LHC team to provide feedback and guidance
regarding this application. Please review the email distribution list to ensure all the proper HUD contacts
have been included.
In support of the application there are many attachments. Below is a list of the attachments included
with this email.
Along with this formal submission to HUD the LHC team intends to send its formal 90 day relocation
notice to residents occupying units in this application. As you will see in the application documents LHC
sent its first notice regarding Section 18 in May 2021 and has had extensive communications with
residents since April 2022 including meetings, mailings, and individual phone calls. Attached is the 90
day notification letter. Please let the team know if you have any feedback related to the notification and
its distribution on Monday August 8th.
Please let us know if you have any questions or would like to schedule time to discuss the application
further.
Attachments
1. Lansing Housing Commission - Section 18 Application
2. Lansing Housing Commission - Section 18 Application - Appendix Supporting Documents
• Lansing Housing Commission - Appendix 1 - Mayor Support Letter
• Lansing Housing Commission - Appendix 2 - Unit Detail
• Lansing Housing Commission - Appendix 3 - HUD Declaration of Trust
• Lansing Housing Commission - Appendix 3- Partial Release of Declaration of Trust
• Included in Application Document - Appendix 5 - Board Resolution
• Lansing Housing Commission - Appendix 6 - Relocation Plan
• Lansing Housing Commission - Appendix 7 - Frequently Asked Questions
• Lansing Housing Commission - Appendix 7 - Scattered Housing Home Purchase - April
2022
• Lansing Housing Commission - Appendix 7 - Scattered Housing Home Purchase - May
2021
• Included in Application Document - Appendix 8 - Justification
• Included in Application Document - Appendix 9 - Method of Disposition
• Lansing Housing Commission - Appendix 10 - Purchase Agreement
• Lansing Housing Commission - Appendix 11 - Environmental Review — City of Lansing
Responsible Entity Letter
3. Lansing Housing Commission - Section 18 Scattered Sites — HUD-52860-A
4. Lansing Housing Commission - Section 18 Scattered Sites - HUD-52860-A - Supporting
Narratives
5. Lansing Housing Commission - Section 18 Scattered Sites —90 Day Communication
Thanks
Sam Spa dafore

517-712-7397
Housing is our Mission — LHC is hiring — Please go to http://www.lanshc.org and click on

Lansing Housing 419 Cherry St., Lansing, MI 48933 Telephone: (517) 487-6550 Fax: (517) 487-6977
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Lansing Housing
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Section 18 Application
TDD/TTY #: 1-800-545-1833 Ext. 919 "Equal Housing Opportunity"

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Overview
The Lansing Housing Commission ("LHC") is submitting this application to dispose of its scattered site
portfolio via HUD's Section 18 program. This application covers 191 units of public housing. Existing
residents are considering their purchase of individual scattered sites for an additional 44 units of public
housing which will be covered in another Section 18 application.
The proposed buyer is SK Investments Group. SK Investments Group will purchase units at fair market
value. SK Investments Group has been approved for a new project-based voucher section 8 housing
assistance payment contracts ("HAPC") with LHC to be effective at the time of closing or shortly
thereafter for the 191 units included in this transaction. The target length of this contract is 20 years
with an expectation to renew at the end of that contract.
A. General Information
1. Date of Application
07/26/2022
2. PHA Name and Code
Lansing Housing Commission — MI058
3. PHA Contact
Douglas Fleming — Executive Director
4. Local HUD Field Office (FO) of Public Housing and Expeditor
5GPH Grand Rapids Community Service Center — Kawan Clemons
B. Remedial Order
1. Is there a remedial order, compliance order, final judgment, consent decree, settlement
agreement or other court order or agreement that your PHA is operating under currently?
No
2. If yes, include narrative description explaining how removal is consistent with the remedial
order.
Not Applicable
C. PHA Plan
1. Is the demo/dispo included in a HUD-approved Annual Plan or Significant Amendment?
Yes. The Section 18 disposition plan has been included in LHC's last 3 annual plans.
Furthermore, the plan was discussed at the last 3 annual meetings: May 2020, March 2021, and
June 2022.
TDD/TTY #: 1-800-545-1833 Ext. 919 'Equal Housing Opportunity' FA'.

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D. Environmental Review
1. Is ER completed 3 under part 50 or 58 that identifies the demo/dispo and any known future use?
The relevant environmental reviews have been completed and the City of Lansing as the
Responsible Entity has provided a letter accordingly.
See Appendix Section 11 Environmental Review - City of Lansing Responsible Entity Letter.
E. Local Government Consultation

1. Name Local Jurisdiction
City of Lansing
2. Mayor's Letter Supporting the Dispo
Mayor Andy Schor has provided a letter of support, see Appendix Section 1 City of Lansing
Mayor Support Letter.
3. Narrative description of consultation with dates, meetings, issues raised and PHA responses. If
no response by government, description of attempts at government consultation.
The Section 18 dialogue with the Mayor and other City of Lansing officials and employees has
been ongoing for over 2 years. Throughout the process the administration has been supportive
of the initiative as indicated in the support letter provided in the appendix.
Below are additional details regarding the discussions with the City of Lansing.
July 2019 Strategic Plan Meeting
Doug Fleming, Executive Director, met with Mayor Andy Schor to discuss LHC's strategic plan.
Part of the strategic plan included the Section 18 disposition of LHC's scattered sites. Doug
outlined the challenges associated with the scattered sites, the need for the city to formally
transfer ownership to LHC, and the plan to eventually sell the scattered sites. The Mayor was
overall supportive and discussed the need to sell to the right partners and maintain these homes
as affordable. Both parties agreed there would be more discussions as the process moved
forward, the Mayor offered support of his team to formally transfer ownership to LHC.
April 2020 Committee on Development and Planning
Doug Fleming presented LHC's recent accomplishments and strategic plan to the Committee on
Development and Planning. Part of this presentation included a discussion about the Section 18
disposition plan as well as the support needed from the City to formally transfer ownership of
the scattered sites to LHC.
TDD/TTY #: 1-800-545-1833 Ext. 919 'Equal Housing Opportunity"

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Summer 2020 Transfer of Ownership
LHC internal and extended team worked with the City of Lansing to formally transfer ownership
of the scattered sites to LHC. After a few discussions to define the details of the process,
ultimately a quit claim was executed to properly assign ownership of the scattered sites to LHC.
This transfer was completed to directly support the Section 18 Program and RAD conversions.
April 2021 and July 2021 Environmental Review Planning
LHC team conducted meetings with the City of Lansing and ASTI (environmental services
partner) to outline the environmental requirements for the Section 18 disposition. It was critical
that the City of Lansing as the responsible entity was aligned with the approach and end
reports. Doris Witherspoon, Senior Planner with the City of Lansing, is the lead for their team.
The City of Lansing team agreed to the approach and signed off as the responsible entity.
May 2022 City Council Meeting

Doug Fleming presented [HC's recent accomplishments and strategic plan progress to City
Council. Along with this Doug provided significant details regarding the Section 18 process.
Attached is a frequently asked questions document that addresses many of the questions from
City Council. This information was provided verbally to City Council. Additional questions from
City Council not in the frequently asked questions include:
How is SK Investments Group being based in Florida a benefit to the community?

SK Investments Group has a strong presence in Michigan. One of their partners lives in
southeast Michigan. Their team has purchased homes from and works closely with the
Pontiac Housing Commission. SK Investments Group has experience in affordable
housing and is committed to keeping these houses affordable for at least the next 20
years. Moreover, their access to capital will enable them to sustain these houses for the
long term.
How do we know SK Investments Group will be a responsible landlord?

LHC had many discussions with the SK Team, completed a vetting process and spoke
with the Pontiac Housing Commission. Based on those activities it is [HC's
determination that SK Investments Group will be one of the better property owners in the
city of Lansing. Furthermore, their commitment to affordability and interest in resident
services demonstrates their understanding of the City of Lansing's goals.
Property management will be local to the Lansing Area.
Also, LHC will have involvement and some oversight as the administrator of the
vouchers.
Why aren't local community groups purchasing these homes?

LHC conducted an open RFP and reached out to local groups. While all local groups
weren't directly contacted the REP was sent to over 300 groups and posted on the LHC
website. Unfortunately, many of the local community groups aren't well funded or
experienced enough in these areas.
TDD/TTY #: 1-800-545-1833 Ext. 919 Ct :Lqual Housing Opportunity (FC

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For well-funded local community groups there are plenty of other homes in the Lansing
area they could purchase and operate as affordable via Section 8, thus increasing the
affordable housing supply.
For local community groups that are not as well funded but want to help with time and
boots on the ground, LHC recommends reaching out to SK Investments Group or the
management agent and form a partnership to improve the houses together.
How many resident homeowners will result from this?

At this time LHC has received interest from -45 current residents. Residents have until
July 1 to provide a pre-qualification letter from a bank, lender, or local agency. LHC team
will continue to communicate with those residents and offer help and guidance as
needed. Those potential home ownership units are not part of this application.
Other Communications with Mayor Andy Schor
Doug Fleming and Mayor Andy Schor have an ongoing dialogue about LHC operations and
initiatives, including Section 18. Doug has continued to provide updates on progress and plans
and intent to sell the scattered sites to groups that will be good stewards for the community.
Doug informed Mayor Andy Schor when the Section 18 RFP went live in October 2021. Doug
had another discussion with Mayor Schor and his team in May 2022 to discuss the go forward
plan with new ownership (including residents) and the future use of the funds to support the City
of Lansing's community specific housing needs. Doug and Mayor Schor will continue to have
discussions to determine the best use of the funds from the Section 18 sale of scattered sites.
F. Property Description
1. Units / Buildings (PIC) Numbers
Please see Appendix Section 2. Units / Buildings (PIC numbers) Detail.
2. Acreage (Disposition)
-30 acres
3. Site map or subdivision if disposition is for a portion of property (Contiguous sites only) (partial
DOT release)
Not Applicable
4. Description of land (e.g. survey, copy of the legal description) (Disposition only)
5. Recorded DOT/DORC
Please see Appendix Section 3. Declaration of Trust.

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6. Description of UFAS-accessible units distribution (at development and proposed for removal
under S18)
None
7. Personal Property
There is no additional personal property associated with this disposition. Property included is
related to a standard sale of a house.
G. Estimated Value of Property

1. If Disposition is at fair market value (FMV), provide a summary, name of appraiser, and date
within past year.
An appraisal was not completed for each individual scattered site. With 191 units as a part of
this application, it was not feasible to complete individual appraisals for each site.
Below is a summary of activities/information related to determining fair market value:

• Received signed confidentiality agreements from -30 interested parties
returns
• Received bid for all 235 scattered site units of approximately -$17M from SK Investments Group,
and for the 191 scattered site units in this application a bid of approximately -$14M
• Received broker opinion of value for the 191 scattered site units which has been include in
Appendix Section 4. Fair Market Value Analysis
2. If Disposition is below FMV (based on commensurate public benefit), provide alternative form of
valuation (i.e. tax assessor opinion).
Not applicable for this application.
H. Board Resolution
1. Please see Appendix Section 5. Board Resolution.
I. Timetable
1. Begin and End Relocations:
While there is no physical relocation associated with this application, a relocation plan has been
provided as residents are moving from public housing to the PBV program See Appendix
Section 6 Relocation Plan.
2. Execute Contract:
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A contract contingent on HUD, other relevant approvals, and due diligence results has been
executed.
3. Remove Property:
Property will be removed from PIC following the closing of property, expected to occur shortly
afterf the approval of this application.
J. Relocation
1. Occupied Units
See PIC.
2. Number of individual residents displaced
0 physically, 191 heads of household from public housing program.
3. Name of agency providing relocation counseling to residents
provided. See Appendix Section 6 Relocation Plan.
LHC, as it has done to date, will continue to provide information to residents about the transfer
of ownership and voucher process.
4. Description of relocation and advisory services
There will be minimal physical relocation associated with this transition. A relocation plan has
been provided, see Appendix Section 6 Relocation Plan.
5. Estimated cost and anticipated funding source for resident moves (actual and reasonable) and
other relocation expenses (including counseling)
6. If PHA does NOT administer an HCV Program, name of Section 8 HCV Administrating Agency
(who agrees in writing) and approval from local HUD Office of Public Housing FO
LHC administers an HCV program.
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7. Number of TPVs requested, narrative supporting TPV request and proposed use for relocation
(describe family relocation preferences and how TPVs are offered (i.e. tenant-based mobility,
project-based voucher—existing or after an AHAP development period)
A project-based voucher will be requested for the 191 relevant units in this transaction. Existing
residents will stay in current units. After the 12 month period post transaction close, residents
will have the right to request a tenant based voucher. At that time residents requesting the
tenant based voucher will be placed at the top of the waiting list per LHC's admin plan.
8. Comparable housing offered to displaced residents (check box on 52860). PHAs may offer
more than one form of comparable housing. Consider family relocation preferences, households
where a family member has a disability, and families not eligible for Section 8 HCV assistance
(i.e. because over-income)
9. PHAs may, but are not required to, submit a comprehensive written Relocation Plan. The
Uniform Relocation Act (URA) does not apply. See 24 CFR 970.21.
K. Resident and Resident Group Consultation
1. Resident. PHA develops demo/dispo application in consultation with residents to be displaced

or otherwise affected (note N/A for vacant land or non-dwelling). Provide date(s) and narrative
of consultation process. Attach supporting documents (e.g., agenda, meeting notices; sign-in
sheets; minutes, print-out of written or email consultation)
LHC included the Section 18 initiative at annual meetings in 2020, 2021, and 2022, as well as
other repositioning meetings.
Specific to this application LHC conducted resident meetings in April 2022, June 2022 and
expects to have future resident meetings in August 2022 and September 2022. Additionally LHC
sent notifications about the Section 18 program and resident impacts in April 2022 and June
2022. Moreover the LHC team has called every resident phone number in the database for
these units, knocked on doors, and continues to communicate on an individual level to answer
any questions. Meetings and individual level of communication with residents to discuss the
process and outcomes will continue throughout the remainder of the year.
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Details of the formal meetings can be found in the Appendix Section 7. Resident Consultation.
2. Resident Council. If there is a Resident Council, provide name of council and date and narrative
of consultation.
There is not a resident council.
3. Resident Advisory Board (RAB). Provide date and narrative of consultation.
There is not a Resident Advisory Board (RAB).
4. Attach copies of all written comments from residents or resident groups/organizations during the
consultation.
Comments can be found in Appendix Section 7. Resident Consultation.
L. Demolition Justification and Description
1. This section is not applicable as demolition is not a part of this application.
M. Disposition Justification and Description

1. Justification
See Appendix Section 8: Justification.
2. Disposition details—method of disposition (sale or ground lease); FMV or below FMV; name of
acquiring entity (if known); proposed future use of property (if known).
See Appendix 8: Method of Disposition.
3. Certificate of good standing (if negotiated disposition)
Not applicable
4. Narrative of commensurate public benefit if below FMV
Not applicable, this specific application does not have a below fair market value component.
N. Proceeds
1. Estimated amount of gross and net proceeds
Gross $13,490,000 and Net $12,315,000
2. Use of gross proceeds for relocation costs and/or reasonable costs of disposition. Attach a brief
narrative/budget
Reasonable costs of disposition include 3' party real estate brokerage costs, 3' party
consulting firm costs, 3rd party reports, legal counsel, and title/recording costs.
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3. Use of net proceeds (if known) (check box on 52860-A). Attach brief narrative, budget, or other
supporting documentation). If loan is checked, include term, interest rate, and type of loan. If
unknown, indicate. Once known, SAC requires the PHA to request a use of proceeds.
The use of net proceeds will be used in accordance with the mission of LHC and HUD
requirements. LHC is implementing and developing strategic plans which will include the use of
these funds towards affordable housing and services in the Lansing Area. LHC intends to work
with the City of Lansing, local groups, MSHDA, and potentially other community focused
agencies to optimize the use of these funds towards increasing and improving affordable
housing in the Lansing area. These plans include short-term and long-term use of funds.
Short term use of these funds may include but is not limited to:
• Oliver Gardens rehabilitation project (existing 30 Section 8 units)

• Forest (28 public housing units) and Hoyt (24 public housing units) rehabilitation and
RAD conversion
• Further development of existing resident services
Long term use of these funds may include but is not limited:
• New Affordable Housing Developments (community specific)

• Acquisition and Rehab of Existing Assets
• Partnerships with City of Lansing and local community groups to define and develop
affordable housing
• Section 8 PBV Unit Development
• Supportive Services for Residents
• Costs of Converting Public Housing Units to Project-Based Section 8 under the Rental
Assistance Demonstration (RAD) Program
0. Resident Offer Sale or Request for Exception
1. Is PHA exercising an exception (check box on 52860-A)?
No
2. If not exercising an exception, name all established eligible organizations. Provide the
notifications to organizations and date sent. Summarize responses. Indicate if a proposal was
received and if the PHA accepted it.
LHC completed a public RFP process for local, state and national groups to assess the portfolio.
A summary of the RFP is below:

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returns
• Received bid for all 235 scattered site units from SK Investments Group, -45 scattered sites are still
being assessed by residents for purchase
LHC sent 2 notifications to residents regarding the purchasing of their homes. Both have been
dated and included in the appendix. LHC is not a lender or group with homeownership
programs, but is communicating with residents to provide guidance and discuss the process.
Ultimately it is the residents' responsibility to secure financing and work with homeownership
agencies for programs, but LHC is helping where applicable. The Michigan State Housing and
Development Authority manages home ownership programs and residents are working with
those programs.
Although the document states a pre-qualification letter due date of July lst, LHC teams continue
to work beyond that deadline with residents interested in purchasing their homes. The LHC
team intends to work with residents into the fall to determine their purchasing qualifications and
final decision. A second Section 18 application will be submitted in support of resident
purchases.
P. HUD Form
1. Form
See attached form: Lansing Housing Commission - Section 18 Scattered Sites - HUD-52860-A.
O. Other PHA Considerations
Not Applicable

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APPENDIX
1. City of Lansing - Mayor Support Letter
See attached document: Lansing Housing Commission - Appendix 1 - Mayor Support Letter.
TDD/TTY #: 1-800-545-1833 Ext. 919 :Lqual Housing Opportunity"

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Appendix
2. Units / Buildings (PIC numbers) Detail
See attached document: Lansing Housing Commission - Appendix 2 - Unit Detail.

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Appendix
3. Declaration of Trust
See attached documents: Lansing Housing Commission - Appendix 3 - HUD Declaration of Trust and
Lansing Housing Commission - Appendix 3 - Partial Release of Declaration of Trust.

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Appendix
4. Fair Market Value Analysis
See attached document: Lansing Housing Commission - Appendix 4 - BOV and Marketing Update.
TDD/TTY #: 1-800-545-1833 Ext. 919 2•.qual Housing Opportunity"

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Appendix
5. Board Resolution
Resolution No. 1338

Adopted by the Lansing Housing Commission
July 13, 2022
Approval to submit an application for the disposition of up to 235 units of scattered site public housing to
HUD's Special Application Center via the Section 18 program.
WHEREAS, for the past two fiscal years the Lansing Housing Commission (LHC) has incorporated within its
Public Housing Annual Plan, the intent to dispose of its scattered site units;
WHEREAS, it is LHC's desire to proceed with disposition of up to 235 units of scattered site public housing
through a Section 18 Application;
WHEREAS, consultation with residents of scattered sites has occurred and will continue to occur via mailed
notices, website information, in-person meetings and phone consultations;
WHEREAS, although not required by HUD, all scattered site residents have been provided the opportunity and
offer of sale to purchase their respective rental unit;
WHEREAS, letters of support from appropriate levels of government officials have been received; and
WHEREAS, prior to submission of a disposition application to HUD, approval must be given by the Board of
Commissioners, as it pertains to Section 18 Demolition and Disposition and the requirements outline in 24 Code
of Federal Regulations 903.7(h)
NOW, THEREFORE, BE IT RESOLVED, that LHC Board of Commissioners supports and approves the
submission of a Section 18 Application for the disposition of up to 235 units of scattered site public housing
BE IT FURTHER RESOLVED, that the Executive Director is authorized to execute documents including purchase
agreement with buyer(s), affordability commitments for at least 20 years, and provide certifications and submit to
HUD for approval the aforementioned disposition request.
PASSED, APPROVED, AND ADOPTED the DATE.
F Emma Henry, Chair

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Appendix
6. Relocation Plan
See attached document: Lansing Housing Commission - Appendix 6 - Relocation Plan.

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Appendix
7. Resident Consultation
Resident consultation is an ongoing process. LHC has included the Section 18 sale of the
scattered sites in its 2020, 2021, and 2022 plans. Additionally the project has been discussed in
monthly Board Meetings for the past 3 years.
More specific to direct resident consultation LHC sent communications in May of 2021, held
resident meeting on April 7, 2022, sent a letter in April 2022, prepared and distributed a
frequently asked questions document and held another resident meeting in June 2022.
Moreover the team has been communicating with residents through direct phone calls since
May 2022.. LHC will continue to communicate with residents and is likely to have more
meetings in the coming months.
In addition to those discussions, the LHC team posted a frequently asked questions document
to its website to inform residents about the process.
Lastly the LHC team has had informal ongoing dialogue with individual residents to provide
information and answer questions.
See attached documents: Lansing Housing Commission - Appendix 7 - Frequently Asked

Questions, Lansing Housing Commission - Appendix 7 - Scattered Housing Home Purchase -
May 2021, Lansing Housing Commission - Appendix 7 - Scattered Housing Home Purchase -
April 2022.

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Appendix
8. Justification
Justification for Disposition
Scattered Site Homes under Public Housing
52860-A Section 2, Line 1
Per CFR 970.17(c) and PIH Notice 2018-04, through submission of this Section 18 Disposition
and/or Demolition application, the Lansing Housing Commission (LHC) is requesting disposition
of 196 public housing scattered sites (229 units) in order to use the proceeds for purposes of
Best Interests of PHA and Residents & Consistent with PHA Plan & 1937 Act.
LHC has determined that the disposition of these homes is in the best interests of the residents
and LHC, and was reflected in the 2020, 2021, and 2022 PHA Plan and approved by the LHC
Board of Commissioners on DATE via Resolution Number ###.
Per LHC's 2022 PHA Plan:

" LHC will pursue the utilization of HUD's Section 18 Disposition program to execute the sale of
-220 scattered sites. The Section 18-Scattered Site strategy application will be submitted to the
Special Applications Center (SAC) as a Demolition and Disposition Addendum on HUD Form
52860-A. The LHC's justifications for disposition of these -220 sites are:
• Best Interest of PHA and Residents and Consistent with PHA Plan and 1937 Act as
described in 24 CFR 970.17(c).
All proceeds realized from the sale of the Scattered Site units will be utilized to support
additional affordable housing units, construction of new affordable housing units, applied to LHC
programs which further the ability of Section 8 participants to purchase affordable housing, or
resident services. Proceeds will be used in accordance with HUD guidelines."
LHC realizes that affordable housing is in great need, especially housing that serves low and
very low-income families. LHC has recently completed the conversion of most of its eligible
existing public housing stock to Section 8 via RAD. Disposing of these scattered site public
housing units and administering vouchers to the new owner is in alignment with the overall LHC
repositioning plan.
The proceeds will go towards rehabilitating existing units and/or developing additional units as
well as further development of on-site programming to assist residents and their families.
Administering vouchers for the scattered sites and using sales proceeds for higher value
activities in affordable housing is in the best interest of the PHA and its residents.

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Appendix
9. Method of Disposition
Method of Disposition
Public Bid Fair Market Value (FMV) Sale
52860-A: Section 2, Line 2
LHC's method of disposition is Public Bid at FMV Sale. LHC executed an REP process to identify
potential buyers. The REP was provided to many different potential buyers including developers,
management groups, and community groups. Furthermore, the REP was posted on LHC's website.
After gathering proposals from potential buyers LHC evaluated the results and selected 1 group to
purchase 189 scattered sites units.
See attached document LHC - Section 18 Scattered Sites - HUD-52860-A.
See Appendix Section 10 Purchase Agreement.

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Appendix
10. Purchase Agreement
See attached document: Lansing Housing Commission - Appendix 10- Purchase Agreement.

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Appendix
11. Environmental Review — City of Lansing Responsible Entity Letter
See attached document: Lansing Housing Commission - Appendix 11 - Environmental Review - City of
Lansing Responsible Entity Letter.

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City Hall - 9th Floor
Andy Schor 124W. Michigan Avenue
Lansing, MI 489331694
Mayor P1-I: 517.483.4141 — FAX: 517.483.6066
l.ansing.MayorO)lansingini.gm
OFFICE OF THE MAYOR

CITY OF LANSING, MICHIGAN
June 1, 2022
RECEIVED JUN 13 2022
Douglas E. Fleming
419 Cherry Street
Lansing, MI 48933
Dear Mr. Fleming:
I am writing to express the City of Lansing's support for the disposition of approximately 202
scattered site houses/duplexes (235 total residential units) through the U.S. Department of
Housing and Urban Development (HUD) Section 18 program. It is to my understanding that
this process will transfer ownership of these homes to SK Investments Group and some will
be sold to existing residents.
Once the houses are sold to SK Investments, the Lansing Housing Commission (LHC) will
administer Project Based Vouchers (PBVs) to maintain the affordability of rents to the
current residents. Additionally, residents will continue to pay the same proportion of their
income as they did in the current public housing unit, but with an owner that has greater
access to capital for maintenance than public housing allows LHC. Moreover, these residents
will be eligible for a flexible tenant-based voucher (TPV) after one year of residency if they
so choose, and all units will undergo a HUD certified HOS inspection as a result of the sale. I
recognize that those houses sold to existing residents will become new homeowners and
that they no longer will need or will receive housing subsidies from HUD.
It is my belief that this transaction is in the best interest of LHC and its residents. I am
encouraged that the proposed transaction indicates the new owner will maintain these
units as affordable for the existing residents for at least 20 years and LHC will be involved
long term through the vouchering process.
I know that LHC will be able to use the proceeds from this transaction to improve existing
housing and develop new community specific affordable housing units in the future for the
Lansing area. This directly supports the City of Lansing's goals to further expand and
improve affordable housing in the City. It is also my understanding that the capital to
expand and improve the affordable housing in the City of Lansing would not be available to
LHC without this sale.
"Equal Opportunity Employer-

The above details related to disposition of scattered sites reflect my previously signed
endorsement of the Lansing Housing Commission's 5-Year and Annual Plans of 2020 and
2021. I recognize that this disposition of scattered sites through Section 18 is a part of the
broader strategic plan of the Lansing Housing Commission and its efforts to align with the
City of Lansing's goals to provide quality housing options to families who earn a variety of
income levels. The City of Lansing feels that the moving forward with this transaction would
be in the best interest of all involved.
I greatly appreciate our ongoing dialogue about LHC's broader strategic plan, and
specifically the details provided about the Section 18 program. Our discussions over the past
couple years have been beneficial for my administration and I to understand the positive
impacts of this transaction. Moreover, I appreciate the presentation at the Lansing City
Council meeting on Monday May 9th, 2022 where you covered LHC's strategic activities and
the specific details of the Section 18 scattered site sale. City Council raised some good
questions and you provided valid responses to them.
The City of Lansing is excited about the journey ahead for the residents of these homes,
LHC, and all its properties. We plan to provide support as needed and continue to
communicate and work with LHC on initiatives and opportunities to expand and improve
affordable housing in the City of Lansing.
Sincerely,
Schor
Mayor
"Equal Opportunity Employer"

-
PURCHASE AGREEMENT
SK MICHIGAN REAL ESTATE DEVELOPMENT LLC, or assignee ("Purchaser"),

the address of which is 23075 Laurel Valley Street, Southfield, MI 48034, hereby offers to purchase from
LANSING HOUSING COMMISSION, a Michigan public housing authority, the address of which is 419
Cherry St, Lansing, MI 48933, ("Seller"), the following described property on the terms described below:
Those certain parcels of real estate consisting of 66 duplex and 163 single-family homes,
located in the City of Lansing, Ingham County, Michigan, as set forth on Exhibit A, together with any and
all improvements thereon, and all oil, gas and mineral rights, and all of Seller's right, title, and interest in
all easements, leases, licenses, rights-of-way and interests appurtenant to and which benefit such real estate,
any real estate lying in the streets, highways, roads, alleys, rights-of-way or sidewalks, open or proposed,
in front of, above, over, under, through or adjoining such real estate and in any strips or gores of land
adjoining the real estate (collectively the "Property").
1. Purchase Price. The total purchase price ("Purchase Price") shall be Sixteen Million Seven
Hundred Seventy Thousand ($16,770,000.00) Dollars, subject to the adjustments and prorations as set forth
herein, paid by wire transfer of immediately available funds. This Purchase Price is dependent on the unit
count and pricing outlined in Exhibit A. Exhibit A and the resulting purchase price is subject to change prior
to the final closing date and will be reevaluated and mutually agreed upon at that time. Other than any change
caused by the unit count, there will be no other change to the Purchase Price.
2. Deposit. Within five (5) business days from the date this Agreement is executed by both
Seller and Purchaser (the "Effective Date"), Purchaser shall deliver an earnest money deposit in the amount
of Two Hundred Thousand ($200,000.00) Dollars (the "Deposit") to Cinnaire Title Services, LLC (the "Title
Company").
3. Title and Survey. Within fourteen (14) days from the Effective Date, Seller shall, at
Seller's sole cost and expense, cause the Title Company to deliver to Purchaser a commitment for an ALTA
Owner's policy of title insurance, without standard exceptions, for the Property (except that any surveys
required to cause the Title Company to issue a Commitment without standard exceptions shall be at the
Purchaser's expense) (the "Commitment"), in the amount of the Purchase Price, bearing a date later than the
Effective Date, together with legible copies of all documents listed as exceptions to the Commitment. In
addition, within fourteen (14) days from the Effective Date, Seller shall provide Purchaser with a copy of
any surveys of the Property in its possession or control. Purchaser shall have the right, at its cost, to obtain
an updated or new survey of the Property.
4. Objections to Title/Survey. If Purchaser, or its legal counsel, objects in writing to the

condition of title or any matters disclosed in a survey of the Property, Seller shall have thirty (30) days
from the date it receives Purchaser's title objection(s) to use good faith efforts to cure the objection(s) or
to provide evidence satisfactory to Purchaser that the objection(s) will be cured on or before the Closing
Date. Purchase has 45 days upon receipt of title to report objections to Seller. If Seller is unable to remedy
Purchaser's objection(s) within the thirty (30) day period, then Purchaser, at its option, may either waive
the objection(s) and the parties shall continue to perform their obligations, subject to the terms and
conditions of this Agreement; or Purchaser may remove the parcels with objections from the Schedule A.
If Purchaser does not raise any title objections or in the event Seller cures (or Purchaser waives)
Purchaser's objection(s), the exceptions of record identified in the Commitment which are not objected to,
or which have been waived by Purchaser, shall be deemed accepted by Purchaser and shall be "Permitted
Encumbrances" to the condition of title to the Property. Notwithstanding the foregoing, any mortgage,
lien or other monetary encumbrance that secures or seeks to enforce against the Property a specified sum
of money shall not constitute a Permitted Encumbrance and shall be discharged by Seller on or prior to the
Closing Date. In the event that any such mortgage, lien or encumbrance has not been discharged or
satisfied by Seller, Purchaser may, in addition to its remedies, elect to satisfy and discharge or assume the
payment of said mortgage, lien or encumbrance, in which event Purchaser shall receive a credit to the
Purchase Price equal to the amount expended or assumed by Purchaser. Purchaser shall notify Seller with
10 days notice in advance of their intent to satisfy or discharge any mortgage, lien or monetary
encumbrance on Property so that Seller has ability to discharge prior to.
5. Inspection Period. Purchaser shall have a period of ninety (90) days from the
Effective Date, as it may be extended by the Consent required in Paragraph 6 below (the "Inspection
Period") to inspect all elements and aspects of the Property, including, but not limited to the physical and
environmental condition of the Property, and the feasibility of using the Property as intended by Purchaser.
Within fourteen (14) days from the Effective Date, Seller shall provide Purchaser with copies of all surveys,
site plan drawings and applications, environmental reports, engineering and soil boring test reports,
government "review" letters, engineering plans, tenant leases, service contracts, records of any capital
repairs performed in the last 2 years that are available and in their possession. Seller will cooperate with
Purchaser as reasonably required with all inspections and feasibility analysis, and any other documents in
Seller's possession or reasonably available to Seller regarding the Property. At all times during the term of
this Agreement, upon five (5) days prior written notice to Seller, Seller grants to Purchaser, and those
persons designated by Purchaser, the right to enter upon the Property to inspect the Property and to perform
such engineering and environmental and soil tests and studies that Purchaser determines are necessary to
ascertain the condition of the Property and the feasibility of developing the Property as proposed by
Purchaser including any required appraisals. If any portion of the Property is damaged or altered as a result
of Purchaser's inspections, Purchaser shall, at its cost, restore the Property to substantially the same
condition that existed prior to such damage or alteration. Purchaser shall indemnify and hold harmless Seller
from and against any liability, third party claims, damages, costs and expenses, including reasonable
attorney's fees arising from Purchaser's inspection activities.
If Purchaser, in its sole discretion, determines that the Property is unsatisfactory for its intended
use, Purchaser may, at its option at any time prior to 5:00 p.m., on the first business day following the
expiration of the Inspection Period (as it may be extended), shall notify Seller and Cinnaire in writing to
terminate this Agreement. If Purchaser elects to terminate this Agreement prior to expiration of the
Inspection Period, as it may be extended, the Deposit shall be returned to Purchaser and the parties shall
have no further rights or obligations under this Agreement. If Purchaser fails to terminate as above, the
Deposit shall become nonrefundable, but applicable to the Purchase Price, and Purchaser shall deliver to
the Title Company an additional Deposit in the amount of $200,000.00, which shall also be nonrefundable
and applicable to the Purchase Price.
6. Closings.
(a) On or before 30 days after expiration of the Inspection Period, Purchaser agrees to
close ("Closing"). If Seller is ready and able to close, including having obtained the consent to the sale of
the property from HUD ("Consent") and Seller's Board of Commissioners, the Purchaser may extend the
Closing date by up to an additional thirty (30) business days by delivering to the Title Company an
additional Deposit in the amount of $100,000.00, which shall be nonrefundable but applicable to the
Purchase Price; and
(b) In the event that Seller has not received the required consents for the sale, the
Closing date may be further extended by Seller for two (2) periods of thirty (30) days each.
7. Closing Deliveries. At Closing, the parties shall take the following actions:
(a) Purchaser shall pay to the Title Company, for the account of Seller, the Purchase
Price, as adjusted pursuant to the terms of this Agreement.
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(b) Seller shall deliver to Purchaser a Covenant Deed in recordable form conveying to
Purchaser fee simple marketable title to the Property, subject to building and use restrictions, easements of
record and zoning ordinances and non-monetary encumbrances and the Permitted Encumbrances, in
addition to an Assignment of Leases for all existing leases to the Property (the "Leases").
(c) Seller shall order and pay for a policy of title insurance without standard
exceptions, with coverage in an amount equal to the Purchase Price and subject to building and use
restrictions, easements of record and zoning ordinances and non-monetary encumbrances and the Permitted
Encumbrances. Seller shall deliver to the Title Company an Owner's Affidavit and such other documents
reasonably required by the Title Company to enable the Title Company to satisfy its Schedule B-1
requirements, remove its standard exceptions (except the survey exception shall not be removed unless the
Purchaser provided the Title Company with an acceptable survey) and provide a "marked-up"
Commitment, dated as of the Closing Date and containing only the Permitted Encumbrances. The
"marked-up" Commitment shall reflect Purchaser as both fee simple title owner of the Property and the
insured under said Commitment. Any closing fees charged by the Title Company shall be shared equally
by Seller and Purchaser.
(d) Seller shall provide Purchaser with a Non-Foreign Affidavit.
(e) Seller and Purchaser each shall deliver to the other such other documents or
instruments as shall reasonably be required by such parties' counsel and/or the Title Company to
consummate the transactions contemplated herein and/or to issue the policy of title insurance.
8. Prorations and Adjustments.
(a) Taxes and Assessments. All real estate taxes which are billed prior to the Closing
shall be paid by Seller. Seller shall also pay in full on or before Closing all special and other assessments
which were established and constitute a lien as of the Closing, regardless of whether such special or other
assessment may be paid in installments subsequent to Closing. Current real estate taxes shall be prorated
between the parties as of the Closing on calendar year basis as if paid in arrears.
(b) Closing Costs. Seller shall pay in full on or before the Closing Date all state,
county and local documentary stamps and transfer taxes on the conveyance of the Property, the title
insurance premium, and one half of any closing fees charged by the Title Company. Purchaser shall pay for
the cost of recording the deed, the fees of its legal counsel and one half of any closing fees charged by the
Title Company.
(c) Leases. All rents, water and other utilities, and other amounts under the Leases
shall be prorated as of the Closing Date. Seller shall pay all water and other utilities due before Closing.
Purchaser shall be credited with the amount of the security deposits under the Leases and shall assume all
obligations of Seller with respect to the security deposits. Past due rents that are collected by Purchaser for
the period prior to Closing shall be paid to Seller.
9. Possession. At Closing, Seller shall deliver to Purchaser possession of the Property free
from any rights or claims of possession by Seller or any third party, except for tenants who currently occupy
the Property, pursuant to valid leases. Seller shall also provide at Closing new project-based voucher
Section 8 housing assistance payment contracts ("HAPC") to be effective at the time of Closing. Project-
based vouchers are dependent on the Purchaser's submittal of application and approval by Seller.
Purchaser shall maintain the Property as affordable for at least twenty (20) years from the date of
Closing. Affordable is defined as in which the occupants are at or below fifty (50%) percent of Area Median
Income (AMI). The parties acknowledge that this affordability standard is currently utilized by Seller, and
3
may be subject to reasonable modification. The affordability commitment will be set forth in a separate
restrictive covenant agreement to be signed at or prior to close. Seller will assist Purchaser in obtaining
PILOT approval.
10. Seller's Representations, Warranties and Covenants. Seller makes the following
representations, warranties and covenants to Purchaser as of the Effective Date and as of Closing:
(a) Title, Power and Capacity. Seller owns the Property and has the full power,
capacity and legal right to execute and deliver this Agreement and to sell the Property to Purchaser pursuant
to the terms of this Agreement. The execution of this Agreement and the performance of Seller's
obligations under this Agreement have been authorized by all necessary action on the part of Seller and
constitutes the legal, valid and binding obligation of Seller, enforceable in accordance with its terms.
(b) Foreign Person. Seller is not a "Foreign Person" within the meaning of the
Internal Revenue Code of 1986, Section 1445(f) (3), as amended.
(c) Litigation. There is no pending, or, to the best of Seller's knowledge, threatened
litigation, administrative action or examination, claim or demand whatsoever relating to the Property or
Seller's ability to perform its obligations under this Agreement.
(d) Violations. Seller shall maintain the Property in accordance with all applicable laws,
ordinances and regulations. To the best of Seller's knowledge, there are no existing violations nor has Seller
received any written notice of any violations of any laws, zoning ordinances, regulations, orders or
requirements of departments of housing, building, fire, labor, health, or other municipal departments or
other governmental authorities against or affecting the ownership, use, or operation of the Property.
(e) Condemnation Proceedings; Special Assessments. Seller has not received

notice of any condemnation or eminent domain proceeding regarding the Property, and has not entered into
any negotiations for the disposition of any part of the Property in lieu of the commencement of
condemnation or eminent domain proceedings. To the best of Seller's knowledge, there are no proceedings
pending to establish a special assessment with respect to any part of the Property.
(f) No Transfers. From the Effective Date until the earlier of the termination of this
Agreement or Closing, Seller shall not transfer any portion of the Property or grant on the Property any
easements, liens, mortgages, encumbrances or other interests, without the prior written consent of Purchaser.
(g) HAPC. All current tenants will be qualified for new project-based voucher section 8
HAPC.
(h) AS-IS. Except as is otherwise expressly provided in this Agreement, Seller hereby
specifically disclaims any warranty (oral or written) concerning (i) the nature and condition of the Property
and the suitability thereof for any and all activities and uses that Purchaser may elect to conduct thereon, (ii)
the manner, construction, condition and state of repair or lack of repair of any improvements located thereon,
(iii) the nature and extent of any right-of-way, lien, encumbrance, license, reservation, condition or otherwise,
(ii) the compliance of the Property or its operation with any laws, rules, ordinances or regulations of any
government or other body, it being specifically understood that Purchaser shall have full opportunity, during
the Investigation Period, to determine for itself the condition above ground or below ground of the Property;
and (v) any other matter whatsoever except as expressly set forth in this Agreement; provided, however, Seller
shall prior to the closing date, disclose all material conditions which are, or may become, known to it. Except
as otherwise expressly provided in this Agreement, the sale of the Property as provided for herein is made on
a strictly "AS IS" "WHERE IS" basis as of the Closing Date. Purchaser expressly acknowledges that, in
consideration of the agreements of Seller herein, Seller make no warranty or representation, express or
4
implied, or arising by operation of law, including, but in no way limited to, any warranty of quantity, quality,
condition, habitability, merchantability, suitability or fitness for a particular purpose of the Property, any
Improvements located thereon or any soil conditions related thereto.
11. Condemnation. Seller shall promptly notify Purchaser of any pending or actual
condemnation proceedings against the Property or any portion thereof of which the Seller has actual notice.
If any portion of the Property shall be threatened to be taken as a result of condemnation proceedings prior to
any Closing Date, Purchaser shall have the right to terminate this Agreement (with respect to any Closings
which have not occurred), by written notice to the Seller within ten (10) days after receipt of written notice of
such proceedings, in which event Purchaser shall receive a refund of the Deposit (less any portion applied
toward the purchase) and neither party shall have any further liability hereunder. If Purchaser does not elect
to terminate this Agreement, upon each Closing Date, Purchaser shall be entitled to receive all of the
condemnation proceeds payable as a result of such condemnation.
12. Real Estate Commission. Seller and Purchaser each represent and warrant to the other
that they have not used the services of any broker in connection with this transaction. Each party agrees to
indemnify, defend and hold harmless the other party from and against any claim that a commission or fee
is due to any broker who dealt with the party from whom indemnification is sought.
13. Default. In the event of a breach or default by Purchaser under this Agreement, which
default is not cured within ten (10) days from Purchaser's receipt of written notice of default from Seller,
Seller shall have the right, as its sole and exclusive remedy, to retain the Deposit as liquidated damages in
termination of this Agreement. In the event of Seller's breach or default under this Agreement, which
default is not cured within ten (10) days from Seller's receipt of written notice of default from Purchaser,
Purchaser shall have the right to terminate this Agreement and obtain the return of its entire Deposit, or to
specifically enforce this Agreement. If any action is brought to enforce the terms of this Agreement, the
non-prevailing party shall reimburse the prevailing party for its costs and expenses, including, without
limitation, reasonable attorney fees.
14. Non-Waiver. The failure of either party to complain of any act or omission on the part of
the other party, no matter how long it may continue, shall not be deemed to be a waiver by any party to any
of its rights hereunder except as expressly provided for in this Agreement. No waiver by any party at any
time, expressed or implied, of any breach of any provision of this Agreement shall be deemed a waiver of
a breach of any other provision. If any action by any party shall require the consent or approval of another
party, the consent or approval of the action on any one occasion shall not be deemed a consent to or approval
of that action on any subsequent occasion or a consent to or approval of any other action on the same or
any subsequent occasion.
15. Duration of Offer. If this Agreement is not executed by Seller on the same date it is
executed by Purchaser, this Agreement shall constitute an offer that shall remain in effect for five (5)
business days from the date it is signed by Purchaser.
17. Survival. The representations, warranties and covenants contained in this Agreement shall
survive each Closing and shall not merge upon the delivery of the deed for all or any portion of the Property.
18. Time is of the Essence. TIME IS OF THE ESSENCE OF AND ALL UNDERTAKINGS
AND AGREEMENTS OF THE PARTIES HERETO.
19. Notices. Any notice to be given or served upon any party to this Agreement must be in
writing and shall be deemed to have been given: (a) upon receipt in the event of personal service by actual
delivery (including by delivery service); (b) the first business day after posting if delivered to a recognized
overnight delivery carrier; or (c) upon receipt if notice is given other than by personal service or by
5
overnight delivery. All notices shall be given to the parties at the addresses set forth below. Any party to
this Agreement may at any time change the address for notices to that party by giving notice in this manner.
To Purchaser: SK Michigan Real Estate Development LLC

Attn: Tzvi Koslowe
23075 Laurel Valley Street
Southfield MI 48034
tkoslowe@gmail.com
With a copy to: Lumberg Freeman Gleeson Hicks & Khalil PLLC
Attn: H. William Freeman
33 Bloomfield Hills Parkway, Suite 100
Bloomfield Hills MI 48304
wfreeman@lfglawfirm.com
To Seller: Lansing Housing Commission

Attn: Douglas E. Fleming
419 Cherry Street
Lansing MI 48933
dfleming@lanshc.org
with a copy to: Mallory, Lapka, Scott & Selin, PLLC

Attn: Thomas L. Lapka
605 South Capitol Avenue
Lansing MI 48933
toml@mclpc.com
20. Days. Whenever this Agreement requires that something be done within a specified period
of days, that period shall (a) not include the day from which the period commences, (b) include the day
upon which the period expires, (c) expire at 5:00 p.m. local time on the day upon which the period expires,
and (d) except as otherwise provided for herein, be construed to mean calendar days; provided, that if the
final day of the period falls on a Saturday, Sunday or legal holiday, the period shall extend to the first
business day thereafter.
21. Severabilitv. If one or more of the provisions contained in this Agreement shall for any
reason be held to be invalid, illegal or unenforceable in any respect, that invalidity, illegality or
unenforceability shall not affect any other provision of this Agreement, and this Agreement shall be
construed as if the invalid, illegal or unenforceable provision had never been contained within the body of
this Agreement.
22. Entire Agreement. This Agreement embodies the entire understanding between the
parties with respect to the transaction contemplated herein. All prior or contemporaneous agreements,
understandings, representations, warranties and statements, oral or written, are superseded by and merged
into this Agreement. Neither this Agreement nor any of its provisions may be waived, modified or amended
except by an instrument in writing signed by the party against which enforcement is sought, and then only
to the extent set forth in that instrument.
23. Governing Law. This Agreement shall be governed by and construed in accordance with
the provisions of the laws of the State of Michigan.
6
24. Successors and Assigns. This Agreement shall be binding upon, and its benefits shall
inure to, the parties hereto and their respective heirs, personal representatives, successors and assigns.
Purchaser may assign this Agreement to a related party with common ownership.
25. Counterparts; Signatures. This Agreement may be executed in multiple counterparts,

each of which shall be deemed an original and all of which shall constitute one agreement. The signature
of any party to any counterpart shall be deemed to be a signature to, and may be appended to, any other
counterpart. For purposes of this Agreement, a facsimile or electronic copy of a signature shall be deemed
the same as an original.
26. Effective Date. The "Effective Date" of this Agreement shall be the last date on which
Seller and Purchaser execute this Agreement.
[SIGNATURES ON FOLLOWING PAGES]
7
THIS AGREEMENT has been executed by the parties hereto on the date(s) set forth below.
"PURCHASER"
SK MICHIGAN REAL ESTATE DEVELOPMENT

LLC, a Michigan limited liability company;
By: TZVI KOSLOWE
Its: Authorized Representative
Dated:
"SELLER"
LANSING HOUSING COMMISSION a Michigan

nonprofit corporation
By: Douglas E. Fleming

Its: Executive Director
Dated:
8
EXHIBIT A
Site Detail House Detail Price
Bedrooms Sale
Street Address Cit State Housin. T •e Parcel ID # # of Units # Price
1009 Shepard Lansing, MI Single Family 33-01-01-22-230-071 1 3 $70,000
1020 Leslie Lansing, MI Single Family 33-01-01-22-230-201 1 3 $70,000
1025 Bensch Lansing, MI Single Family 33-01-01-22-206-071 1 4 $90,000

1027 She.ard Lansin., MI Sin le Famil 33-01-01-22-230-131 1 3 $70,000
108 Fairfield Lansin., MI Sin le Famil 33-01-01-04-126-221 1 3 $70,000
1100 Leslie Lansin., MI 33-01-01-22-277-211 1 3 $70,000
1108 Ontario Lansing, MI Single Family 33-01-01-08-206-212 1 2 $60,000

1109 Ferley Lansing, MI Single Family 33-01-05-05-276-076 1 2 $60,000
1113 Dakin Lansing, MI Single Family 33-01-01-22-253-041 1 3 $70,000
1124 Bensch Lansin., MI Sin le Famil 33-01-01-22-251-191 1 3 $70,000

1125 Glenn Lansing, MI Single Family 33-01-01-08-407-321 1 3 $70,000
1131 She.ard Lansin. MI Sin le Famil 33-01-01-22-277-061 1 4 $90 000
1135 Leslie Lansin., MI Sin le Famil 33-01-01-22-278-091 1 3 $70,000

114 Fairfield Lansing, MI Single Family 33-01-01-04-126-211 1 4 $90,000
1143 Leslie Lansin. MI Sin le Famil 33-01-01-22-278-121 1 3 $70 000
1200 Parkview Lansing, MI Single Family 33-01-01-22-176-441 1 3 $70,000

121 Northrup Lansing, MI Single Family 33-01-05-04-330-131 1 3 $70,000
1216 Wieland Lansing, MI Single Family 33-01-01-03-382-105 1 3 $70,000
1217 Whyte Lansing, MI Single Family 33-01-01-10-128-121 1 2 $60,000

1231 Regent Lansing, MI Single Family 33-01-01-22-279-371 1 3 $70,000

1239 Re.ent Lansin., MI Sin. le Famil 33-01-01-22-279-391 1 3 $70,000
1243 Allen Lansing, MI Single Family 33-01-01-22-281-111 1 3 $70,000
1246 Lathrop Lansing, MI Single Family 33-01-01-22-258-121 1 4 $90,000
1247 Allen Lansin., MI Sin le Famil 33-01-01-22-281-121 1 4 $90,000
1317 Christo.her Lansin., MI 33-01-01-09-155-061 1 2 $60,000
1338 Christo.her Lansin., MI Sin le Famil 33-01-01-09-156-021 1 5 $100,000
9
1401 W. Hillsdale Lansing, MI Single Family 33-01-01-17-386-061 1 3 $70,000
1405 N. Martin Luther King Lansing, MI Single Family 33-01-01-08-206-216 1 2 $60,000

1435 Perkins Lansing, MI Single Family 33-01-01-22-254-091 1 3 $70,000
1447 Robertson Lansing, MI Single Family 33-01-01-08-205-111 1 4 $90,000
1449 Comfort Lansing, MI Single Family 33-01-01-08-128-263 1 3 $70,000
1529 New York Lansing, MI Single Family 33-01-01-10-176-052 1 2 $60,000
1553 Roosevelt Lansing, MI Single Family 33-01-01-08-228-571 1 3 $70,000
1559 N. High Lansing, MI Single Family 33-01-01-10-153-341 1 2 $60,000

1717 Glenrose Lansing, MI Single Family 33-01-01-08-127-451 1 3 $70,000
1724 Irvington Lansing, MI Single Family 33-01-01-34-228-051 1 4 $90,000
1738 Jolly Lansing, MI Single Family 33-01-01-32-376-312 1 2 $60,000

2109 Darby Lansing, MI Single Family 33-01-01-06-455-171 1 3 $70,000
2212 Turner Lansing, MI Single Family 33-01-01-04-454-045 1 3 $70,000
2225 Dunlap Lansing, MI Single Family 33-01-01-30-477-221 1 5 $100,000
2328 Clifton Lansing, MI Single Family 33-01-01-27-179-121 1 4 $90,000

2400 Pollard Lansing, MI Single Family 33-01-05-06-427-062 1 2 $60,000
2418 Herrick Lansing, MI Single Family 33-01-01-30-476-331 1 5 $100,000

2531 Dier Lansing, MI Single Family 33-01-01-35-326-091 1 3 $70,000
2600 Fireside Lansing, MI Single Family 33-01-01-26-452-001 1 4 $90,000
2601 Wabash Lansing, MI Single Family 33-01-01-26-452-021 1 4 $90,000
2613 Wabash Lansing, MI Single Family 33-01-01-26-452-031 1 4 $90.000

2700 Westbury Lansing, MI Single Family 33-01-01-06-428-008 1 3 $70,000
2840 Cynwood Lansing, MI Single Family 33-01-01-05-402-031 1 3 $70,000
2915 Delta River Lansing, MI Single Family 33-01-01-06-402-191 1 3 $70,000
3013 Young Lansing, MI Single Family 33-01-01-06-177-175 1 4 $90,000
3025 Sheffer Lansing, MI Single Family 33-01-01-06-127-214 1 2 $60,000
310 Denver Lansing, MI Single Family 33-01-01-28-405-371 1 3 $70,000
3107 Stabler Lansing, MI Single Family 33-01-01-28-332-081 1 4 $90,000
3108 Tecumseh Lansing, MI Single Family 33-01-01-05-182-031 1 4 $90,000

3121 Viking Lansing, MI Single Family 33-01-01-30-476-061 1 3 $70,000
315W. Hylewood Lansing, MI Single Family 33-01-01-04-103-191 1 5 $100,000
10
3207 Maloney Lansing, MI Single Family 33-01-01-30-477-071 1 3 $70,000

3213 Avalon Lansing, MI Single Family 33-01-01-30-476-321 1 4 $90,000
3309 Westmont Lansing, MI Single Family 33-01-01-06-128-211 1 4 $90,000
3508 Burchfield Lansing, MI Single Family 33-01-01-32-226-413 1 2 $60,000
3517W, Jolly Lansing, MI Single Family 33-01-05-06-101-154 1 3 $70,000

3525W. Jolly Lansing, MI Single Family 33-01-05-06-101-166 1 3 $70,000
3619 Wildwood Lansing, MI Single Family 33-01-01-33-231-011 1 3 $70,000
405 N. Magnolia Lansing, MI Single Family 33-01-01-14-108-341 1 3 $70,000

4106 Lowcroft Lansing, MI Single Family 33-01-01-32-278-191 1 3 $70,000
412W. Frederick Lansing, MI Single Family 33-01-01-04-103-091 1 3 $70,000
4132 Balmoral Lansing, MI Single Family 23-50-40-36-401-121 1 3 $70,000
4206 Courtland Lansing, MI Single Family 23-50-40-36-402-081 1 3 $70,000

4220 Lochinver Lansing, MI Single Family 23-50-40-36-177-071 1 2 $60,000

4248 Glenburne Lansing, MI Single Family 23-50-40-36-328-151 1 3 $70,000
429 E.Community Lansing, MI Single Family 33-01-01-04-229-101 1 4 $90,000


4520 Hughes Lansing, MI Single Family 33-01-01-32-303-121 1 2 $60,000
4638 Christiansen Lansing, MI Single Family 33-01-01-32-353-511 1 4 $90,000
4730 Ballard Lansing, MI Single Family 33-01-01-31-451-022 1 3 $70,000
4900 Tenny Lansing, MI Single Family 33-01-01-33-353-281 1 4 $90,000
4911 Christiansen Lansing, MI Single Family 33-01-01-32-376-201 1 3 _ $70,000

500 Mifflin Lansing, MI Single Family 33-01-01-14-379-221 1 3 $70,000
5009 Palmer Lansing, MI Single Family 33-01-01-33-353-075 1 3 $70,000
5018 S. Wash. Lansing, MI Single Family 33-01-01-32-481-212 1 3 $70,000
5022 Starr Lansing, MI Single Family 33-01-01-32-351-201 1 5 $100,000

517 E. Community Lansing, MI Single Family 33-01-01-04-230-121 1 3 $70,000
527 Maple Lansing, MI Single Family 33-01-01-09-307-001 1 2 $60,000
11

5603 Picardy Lansing, MI Single Family 33-01-05-06-427-002 1 3 $70,000
5716 Haag Lansing, MI Single Family 33-01-05-05-328-121 1 3 $70,000
5800 Durwell Lansing, MI Single Family 33-01-05-05-328-081 1 3 $70,000
5801 Schafer Lansing, MI Single Family 33-01-05-04-303-041 1 3 $70,000
6020 Valencia Lansing, MI Single Family 33-01-05-05-377-206 1 2 $60,000
610 S. Ha ord Lansin., MI Sin. le Famil 33-01-01-14-359-361 1 3 $70 000
616 S. Foster Lansin., MI Sin. le Famil 33-01-01-14-363-281 1 4 $90,000
6200 Daft Lansing, MI Single Family 33-01-05-08-205-145 1 3 $70,000
6215 Cooper Lansing, MI Single Family 33-01-05-09-102-031 1 3 $70,000
6267 S. Wash. Lansin., MI Sin. le Famil 33-01-05-09-101-115 1 3 $70 000
6270 Coo.er Lansin., MI Sin. le Famil 33-01-05-09-101-155 1 3 $70,000
630 Armstrong Lansing, MI Single Family 33-01-05-04-276-151 1 3 $70,000
6332 Rosedale Lansin. MI Sin. le Famil 33-01-05-09-177-345 1 4 $90 000
636 Armstron. Lansin., MI Sin. le Famil 33-01-05-04-276-161 1 3 $70 000
640 S. Ha ord Lansin., MI Sin. le Famil 33-01-01-14-359-271 1 4 $90,000
6400 Hilliard Lansing, MI Single Family 33-01-05-09-152-341 1 3 $70,000
644 S. Ha ord Lansin. MI Sin. le Famil 33-01-01-14-359-261 1 3 $70 000
6519 Sommerset Lansin., MI Sin. le Famil 33-01-05-09-177-162 1 4 $90,000
6523 Sommerset Lansing, MI Single Family 33-01-05-09-177-165 1 4 $90,000
700 Jessop Lansing, MI Single Family 33-01-01-34-158-001 1 2 $60,000
935 Dakin Lansing, MI Single Family 33-01-01-22-204-071 1 4 $90.000
1001 and 1003 Belaire Lansing, MI Duplex 33-01-01-32-479-131 2 3 $140,000
1125 and 1127 Hickory Lansing, MI Duplex 33-01-01-15-376-191 2 2 $140,000
1218 and 1220 N. High Lansing, MI Duplex 33-01-01-10-154-282 2 2 $140,000
1610 and 1612W. Miller Lansing, MI Duplex 33-01-05-05-378-131 2 3 $140,000
319 and 321 Fenton Lansing, MI Duplex 33-01-01-33-254-071 2 3 $140,000
3409 and 3415W. Jolly Lansing, MI Duplex 33-01-05-06-126-252 2 3 $140,000
4025 and 4027 Glenburne Lansing, MI Duplex 23-50-40-36-405-101 2 2 $140,000
420 and 422W. Genesee Lansing, MI Duplex 33-01-01-16-108-092 2 2 $140,000
12
4309 Balmoral Lansing, MI Duplex 23-50-40-36-327-001 2 2 $140,000
506 and 508 N. Chestnut Lansing, MI Duplex 33-01-01-16-108-072 2 2 $140,000
5325 and 5327 S.Waverly Lansing, MI Duplex 33-01-05-06-151-035 2 2 $140,000
5419 and 5421 S. Waverly Lansing, MI Duplex 33-01-05-06-151-069 2 2 $140,000
6036 and 6038 Haag Lansing, MI Duplex 33-01-05-05-379-151 2 3 $140,000
6101 and 6103 Grovenburg Lansing, MI Duplex 33-01-05-08-101-351 2 3 $140,000
6201 and 6203 Grovenburg Lansing. MI Duplex 33-01-05-08-101-391 2 3 $140,000

811 and 813 N.
Penns Ivainia Lansing, MI Duplex 33-01-01-10-351-151 2 2 $140,000
902 and 904 W. Miller Lansing, MI Duplex 33-01-05-05-431-311 2 3 $140,000
908 and 910W. Miller Lansing. MI Duplex 33-01-05-05-431-301 2 3 $140,000
942 and 944 Vincent Lansing, MI Duplex 33-01-01-32-476-041 2 2 $140,000
13
PURCHASE AGREEMENT

Those certain parcels of real estate consisting of 66 duplex and 163 single-family hornes,
locatechin the City of Lansing, Ingham County, Michigan, as set forth on Exhibit A together with any and
all casements, leases, licenses, rights-of-way and interests appurtenant to and which benefit such real estate,
any reEil estate lying in the streets, highways, roads, alleys, rights-of-way or sidewalks, open or proposed,
in front of, above, over, under, through or adjoining such cal estate and in any strips or gores of land
adjoining the real estate (collectively the "Property"),
1. Purchase Price. lbe total purchase price ("Purchase Price") shall be Sixteen Million Seven
Hundred Seventy Thousand 0116,770,000.0M Dollars, subject to the adjustments and prorations as Set forth
herein, paid by wire transfer of immediately available thuds. 'this Purchase Price is dependent on the unit
to the final closing date and will be reevaluated and in agreed upon at that time. Other than any change
Company").
Seller's sole cost and expense, cause the Title Cornpany to deliver to Purchaser a commitment for an ALTA
required to cause the Tide Company to issue a Commitment without standard exceptions shall be at the
4. Objections to Title/Survey. I f Purchaser, or its legal counsel, objects in writing to the

conditions of this Agreement; or Purchaser may remove the parcels with objections from the Schethile A.
lien or other monetary enctunbrance that secures or seeks to enforce against the Property a specified then
Closing Date. In the event that any such Mortgage, lien or encumbrance has not been discharged or
satisfied by Seller, Purchaser may, in addition to its remedieth elect to sEltisfy and discharge or assume the
Purchase Price equal to the ammint expended or assumed by Purchaser. Purchaser shall notify Seller with
cncum hroice on Property so that Seller has ability to discharge prior to.
5. Inspection Period. Purchaser shall have a period of ninety (90) days fro in the
condition that existed prior to such datnage or alteration. Purchaser slmll indemnify and hold harmless Seller
attorney's fees arising fro in Purchaser's inspection activities.
expiration of the Inspection Period (as it may be extended), shall notify Seller and Chiliadic in writing to
terminate this Agreement. If Purchaser elects to terninate this Agreement prior to expiration of the
Deposit shall become nonrefundable, but applicable to thc Purchase Price, alid Purchaser shall deliver to
and at, to the Purchase Price.
6. Closings.
close ("Closing"). If Seller is ready and able to close, incliMing having obtained the consent to the sale of
Purchase Price; and
In the event that Seller has not received the required consents for the Ile, the
l'rice, as adjusted pursuant to the terms of this Agreeinent.
2
Purchaser fee simple marketfible title to the Property, subject to building and use restrictions, easements of
addition to an Assignment oil.eases for all existing leases to the Property (the "I eases
(8) Seller shall order and pay for a policy of title insurance without standard
restrictions, easonents of record and zoning ordinances and non-monetary encumbrances and the Permitted
Encumbrances. Seller shall deliver to the Title Cornpany an Owner's A ffidavit and such other documents
reasonably required by the Title Company to enable the Title Company to satisfy its Schedule R-I
insured under said Commitment. Any closing fees charged by the 1 itle Company shall be shared equally
(a) Taxes and Assessments. All real estate taxes which arc billed prior to the Closing
shall he paid by Seller. Seller shall also pay in full on or before Closing all special and other assessments
(b) Closing Costs. Seller shall pay in Pull on or before the Closing Date all state,
Title Company.
(c) lieases. All rents, water and other utilities, and other amolmts under the Leases
Section 8 housing assistance paym eta contracts CI 1AP(7) to be effective at the time of Closing. Project-
Income (A MI). 'Ike parties acknowledge that this affordability standard is currently utilized by Seller, and
PII.OT approval.
10. Seller's Representations, Warranties and Covenants. Seller makes the folio
(a) Title Power and Capacity. Seller owns the Property and has the full power,
obligations under this Agreement have heen authorized by all necessary action on the part of Seller and
constitutes the legal, valid and hinding obligation of Seller, enforceable in accordance with its terms.
(If) Foreign Person. Seller is not a "Foreign Person" within the Meaning of the
Internal Revenue Code of 1986, Section I 445(1) (3), as amended.
(c) Litipation. There is no pending, or, to the hest of Seller's knowledge, threatened
I itigation, administrative action or examination, c IaiIn or demand whatsoever relating to the Property Or
received any written notice of any violations of ally laws, zoning ordinances, regulations, orders or
(fi) Condemnation Proceedings; Special Assessments. Seller has not received

notice of any condemnation or eminent doinain proceeding regarding the Property, and has not entered into
(E) No Transfers. From the Effective Date until the earlier of the termination of this
Agreement or Closing, Seller shall not transfer any portion of the Property Or grant on the Property any
(g.) HAPC. All current tenants will be qualified for new project-based voucher section 8
IAPC.
and the suitability thereof for any and all activities and uses that Pumhaser !nay elect to conduct thereon, (ii)
(iii) the nature and extent of any right-of-way, lien, encumbrance, license, reservation, condition fr otherwise,
shall prior to the closing date, disclose all In conditions which are, or may become, known to it. Except
consideration of the agreements of Seller herein, Seller make no warranty Or representation, express or
4
hnprovements located thereon or any soil conditions related thereto.
I. Condemnation. Seller shall promptly notify Purchaser of any pending or actual

condemluttion proceedings against the Property or any portion thereof of which the Seller has actual notice.
If any portion of the Property shall be threatened to be taken as a tbsult of condemnation proceedings prior to
such proceedings, in which event Purchaser shall receive a refund of the Deposit (less any portiOn applied
default is not cured within ten (10) clays from Seller's receipt of written notice of default from Purchaser.
Purchaser shall have the right to terminate this Agreement and obtain the return of its em ire Deposit, Or to
a breach of any other provision. If any action hy any party shall require the consent or approval of another
of that action on any subsequent occasion or a consent to or approval of any other tied on on the same or
IS. Duration of Offer. If this Agreement is not executed by Seller on the same date it is
17. Survival. 'Hie representations, warranties and covenants contained in this Agreement shall
writing and shall he deemed to have been given: (a) upon receipt in the event of personal service by actual
delivery (including by delivery service); OH the first business day after posting if delivered to a recognized
5
To Purchaser: SK Michigan Real Estate Development IA ,C

Attn: ilzvi Koslowe
Southfield M148034
tkoslowegginaficom
With a copy Lundberg Freeman Gleeson Hicks & Khalil PI A .0

Attn: H. William freeman
33 13loomfield I tills Parkway, Suite 100
Rlooinfield Hills MI 48304
wfreemanglfglawfirin.com
To Seller: Lansing I lousing Commission

4 I 9 Cherry Street
Lansing MI 48933
fileming@lanshc.org
with a copy to: Mallory, Iiapka, Scott & Selin, PLLC

Lansing MI 48933
tomlincIpc.com
20. Days. Whenever this Agreement requilfes that something be done within a sped fled period
of days, that period si all (a) not include the day from which the period commences, (h) in the day
upon which the period expires, (c) expire at 5:00 p.m. local thne on the day upon which the period expires,
and (d) except as otherwise provided for herein, be construed to inean calendar days; provided, that if the
21. Seyerability. I f one or more of the provisions contained in this A greeinerit shalt for any
reason he held to he invalid, illegal or unenforceable in any respect, that invalidity, illegality or
unenforceahility shall not affect any other provision of this Agreement, and this Agreement slmll he
this Agreement.
22. Entire Agreement, This Agreement embodies the entire understanding between the
into this Agrceinent. Neither this Agreement nor any of its provisions may be waived, in or amended
23. Governing Law. This Agreement shall he governed by and construed in accordance with
6
24. Success on all U Assigns. 'I his Agreement shall he binding upon, and its benefits shall
Purchaser tnay assign this Agreetnem to a related party with common owliership.
25. Counterparts; Signatures. This Agreement may be executed in in counterparts,

counterpart. For purposes of this Agreement, a Iliesi ill Ic or electronic copy of a signature shall be deemed
the same as an oMginal.
26. Effective Date The "Effective Date" of this Agreement shall he the last date oil which
[SIGNATU]?ES ON FOLLOWING PAGES?
7
"PURCHASER"

NAT, a Michigan limited liability company;
By: TZVI KOSLOWE
Dated:
"SELLER"

By: Douglas F. Fleming

Dated:
8
EXHIBIT A
ite Detail House Detail Price
Bedrooms Sale
CI /state Housin Type Parcel m # # of Unit (#1 Price
Street Address
1009 Shepard Lansing MI Single Famil 33-01-01.22-230-0/1 1 3 $70,000
1013 Shepard Lansing. MI Sinalc Famil 33 DI 01 22 230 081 I 3 $70,000
1020 Leslie Lansing, MI Sine Family 33-01-01-22-210-201 I 3 $70,000
1025 Bensch Lansin MI Single Famil -01-01-22-206-071 I 4 590.000
102/ Shepard Lansing, MI Single Family -01-01-22-230-131 1 3 $70,000
1031 Shepard I ansing. MI Sin•lc Family_ 13-01-01-22-230-141 I 3 $70,000
I.ansing, MI Sine le Family 73-01-01-04-126-221 I 3 $70,000

108 Fairfield
1100 Leslie Lansiri9, MI Singe Famil -01 01,22-277-211 1 3 $70,000
1108 Ontario Lansing, MI Sinde Fam -01-01-06-208-212 1 2 560,000
i 109 Ferley Lansing, MI Sin•le Family -01-05-05-276-076 I 2 $60,000
Lansing, Mi Single Famil -01 01-22-253-041 1 3 $70,000

1113 Dakin
1116 Leslie Lansing. MI Single Famil -01-01-22-277-1/1 I 3 $70,000
1118 Leslie Lansing, MI Single Family -01-01-22-2/7-161 I 3 570.000
Lansing, MI Sin le Family -01 05-05-276-074 1 2 $60,000

121 Fedey
Lansing, MI Sir •le Family -C1-01-22-251-191 1 3 $70,000

1124 Bensch
1125 Glenn Lansing, MI Single Family 01 01 08 40/ 321 1 3 $70,000
1126 Leslie Lansing. MI Sine le Family 01 01 22 278-061 I 3 $70 BOO
Lansing. MI Single Family -01-01-22-277-131 1 3 570,000

1128 Leslie
1131 Shepard _4_h!jn.Ml Single Pam -01-01-22-277-061 I 4 $90,000
' Leslie Lensing, MI Single Family -01-01-22-270-091 1 7 $70,000
4 Fairfield Lansing. MI Sins lc Family 33 01 01 04 126 211 1 4 $90 000
Lansing. MI Single Famil 01-01-22-278-111 1 3 $70,000

1141 Leslie
1143 Lesli Lanamg, MI Single Family 33-01-01-22-278-121 I 3 $70,000
00 Pa rkview Lansing, MI S • Ic Fa n 01-01-22-176-401 $70.000
Lansing, MI S n•le Famil 0 22-176-431 I 4 $90,000

202 Parkyiew
Lansing. MI Sin le Family 01-01-22-282-021 I 3 $70,000

207 Shepard
21 Northrup Lansin . MI Single Famil 01-05-04-330-131 1 3 $70,000
6 Wieland I arising, MI Sin 'le Fam 0 -01-03-362-105 I 3 $70,000
Lansing, MI Sin. le Family 01-01-10-12.6-121 1 2 $60,000

7 Vallyt
Lansin MI Single Famil 0 -01-22-283-0/1 1 2 $60,000

223 Leslie
1223 Whyte Lansin MI Sin de Bernd 31.01-01-10-128-131 1 2 $60,000
229 Leslie Lansaig. MI Sin le Famil 0 -01-22-283-091 I 3 $70,000
Lansing, MI Sin e Family 0 -01-22-279-371 I 3 570,000

211 Regent
235 Regent Lansin MI Single Family 01-01-22-2/9-381 1 4 $90.000
239 Regent Lansing, Ml Single Family 01-01-22-279-391 1 3 $70,000
Lansing, MI Single Family 01 01-22-281-111 1 3 $70,000

1243 Allen
1246 Lathrop Lans,n MI Single Pamil -01.01-22-258-121 I 4 $90,000
1247 Alien Lansing, MI Singe Family 01-01-22-281-121 1 4 590,000
I ansing, MI Sin le Family -01-01-09-155-061 2 $60,000

1317 Christopher
1336 Christopher Lansin MI Single Famil 01 01 09 156 021 1 5 $100,000
9
1401 W Hillsdale mg. MI Single Fumy 70,000
1405 N Martin Luther K Lansing, MI Sin • le Family 33 01 01 08 208 216 2 0,000
1435 Perkin Lansin 1 Sin le Fam ii 33-01-01, 22-254-091 1 /0,000
1447 Robertson Lansing, MI Single Farn ii 3-01-01-08-205 4 90,000
1449 Comfort Lansin MI Sr •le Family 70,000
01 Comfort Lan • MI Sin. lc Famil 0,000

03 Robertson Lansing. MI Sin le Family 33-01-01-08-205-121 90,000
507 Comfort Lansin Ml Sin le Famil 33 01-01-08-128-267 70.000
3 Comfort Lansing. MI Single Fannil 33-01-0 70,000
529 New York Lansing, MI Sin de Family 01-0 60,000
553 Roosevelt Lansing, MI Si de Famil 70,000
1558 N H L.ansing, MI Single Famil 01-01-10 153-341 2 60.000
6 N. High Lansing, M: Sin de Family 0/-01-10-107-071 70,000
1717 Clenrose Lansin MI Sin le Famil 01-01-08-127-451 10,000
724 Irvington Lansing MI Single Family 4 $90.000
738 Jolly Lansing, NI Sim le Family 0 12 2 60,000
201 Northrup Lansin• MI Sin•lc ram ii 01.05-04-330-001 /0,000
09 Darby :min: MI Single Family 01-01-06-455-171 $70,000

2212 Turner Lansing 111 Si • lc Family 330I-01-04-454-045 /0,000
2225 Dunl nsing MI Single F: m 01-01-30 477-221 00,0110

2320 Clifton La sing MI Si • le Family 01 01 27 1/'9 121 4 90,000
2400 Pollard L n Single Family 01-05-06-427-062 2 50,000
2418 Hemick Lrrrrsrng. MI Single Family 00,000
2511 Dunlap Lansing. MI Si • MI 3 $70.000
1 bier Lansing. MI Single Family 33-01-01.35-326-091 $70,000

2.800 Out • Lansing, MI Sin le Family 33 01 01 30 427 051 5 100,000
500 Fireside Lansin Sirmale Family 33-01-01-28-452-001 4 $00,000
2501 Wabash I ansing, MI Single Family 33-01-01-26-052-021 690,000
2607 Dunk, Lansing, MI Sin•le Family 33-01-01-30-476-571 $70,000
2609 Dier Lansin , MI Single Family 33-01-01-35.326-Ill $70,000

26/3 Wabash Ia .Ml Single Farr iy 33 01 01 26 452 031 4 $90,000
2615 Dunlap Lansin I Sm le Famil $100,000
700 Westbury I.ansinng. Ml Single Family 33-01-01-06-428-008 $70,001)
716 Fireside Lansin • I Single Family 33-01-01-26-452-191 4 $90,000
2800 Cynwooil Lansin I Si le Famil 33.01-0I-0S-402-031 $70,000
2915 Delta River I.annsi119.MI Single Family 33-01-01-06-402-191 $70 000

3013 Young Lansing, I Si de Family 33-01-01-06-177-175 4 $90,000
3025 Sh Lansin .Ml Siule Family 33-01-01.05-127-214 2 $60,000

0 Denver MI • Ic Family 33 01 01 28 405 371 $70,000
01 Sheller Lansing. MI Sin d° Family 33 01 01-06-127-204 $,0,000
/ Stabler Lansing. MI Single Family 33-0 I-01-28-337-08l 4 90,000

DB Tecumseh Lansing, MI in Ic Family 33-01-0/-05-182-031 $90,000
11 Young Lansin Sinalc Fa 4 690,000
21 Viking Lansing, MI Ingle Family 33 01 01 30 076 061 $70.000
Hylewood Lansin I • Fa 33 01-01-04-103-19/ $100,000
Hyl ewood Lansin MI Single Family 33-01-01 04 103-201 $100.000
0
3207 Maloney 1 Lansing, MI Single Family 33 01 01 30 477 071 1 3 $70,000
3210 Young ' Lansing. MI Singlie Family 33-01-01-06-130-091 1 4 $90,000
3213 Avalon Lansing, MI Single Family 33 01 01 30 976 321 1 4 $90,000
3309 Westmont Lansing, MI Single Farnly 33 01 01 06 128 211 1 4 $90,000
3315 Westniont Lansing, MI Single Farnily 33-01-01-06-128-221 1 4 $90.000
3508 Burchleld Lansing, MI Single Family 33 01-01-32-726-413 1 2 $60,000
3517 W Jolly Lansing, MI Single Family 33-01-05-06-101-154 I 3 $70.0001
3525 W. Jolly Lansing, MI Single Family 33-01-05-06-101-166 1 3 $70,000
3619 Wildwood Lansing, MI Single Family 33 ,01.01-33-231-011 1 3 $70,000
3622 Burchfiel4 Lansing, MI Single Family 33-01-01-32-226-341 1 3 $70,000
405 N Magnolia Lansing, MI Single Family 33-01-01-14-108-341 I 3 $70 000
_407 N. Magnolia Lansins, MI Single Family 33-01-01-14-108-351 I 3 $70,000
4105 Lowcroft Lansing. MI Single Family 33 01 01 32 278 191 1 3 $70,000
412 W Fredenck Lansing. MI Single Famiy 33 01 01 04 103 091 1 3 $70,000
4132 Balmoral Lansing. MI Single Family 23-50-40-36-101-121 I 3 $70,000
_4206 Courtland Lansing. MI Single Family 23-50-40-36-402-D81 I 3 $70,000
4212 Balmoral Lansing, MI Single ramlly 23 50 00 36 001 161 1 3 $70,000
422 W. Nylewood Lansing, MI Single Family 33 01 01 04 102 111 1 5 $100,000
4220 Loch inver Lansing, MI Single Family 23-50-40-36-177-071 1 2 $60,000
9223 Balmoral Lansing. MI Single Family 73-50-40-36-327-091 1 2 $50,000
1229 Courtland I ansing, MI Single Family 23-50-40-36-324-191 1 2 750,000
4237 Balmoral Lansing, MI Single Family 23 50 40 36 327 111 I 2 $60,000
4248 Glenburne Lansing, MI Single Family 23.50-40 36.328-151 I 3 $70,000
429 E Community Lansing. MI Single Family 33-01-01-04-279-101 1 4 $90,000
4300 coudland Lansing, MI Single Family 23-50-40-36-327-041 1 3 $70,000
4312 Glenburne Lansing, MI Single Family 23-50-40.36 ,328-102 I 2 $60,000
0321 Courtland Lansing, MI Single Family 23 50 40 36 328 201 1 3 $70,000
4331 Balmoral Lansing, MI Single Family 23-50-40-36-328-011 I 2 $60,000
4351 Balmoral Lansing, MI Sin-le Family 23-50-40-36-328-041 1 3 $70,000
4005 Glen burne Lansing, MI Single Family 23 50 40 36 329 021 1 3 $70,000
4520 Hughes Lansing, MI Single Famdy 33 01 01 32 303 121 1 2 $60,000
4638 Christiansen LalISMOL, MI Single Family 33 01 01 32 353 511 1 4 $90,000
4730 Ballard Lansing. MI Single Family 33-01-01-31-451-022 I 3 $70,000
4900 renny Lansing, MI Single Family 33-01-01-33-353-201 1 9 $90,000
9911 Christiansen Lansing. MI Single Family 33-01-01-32-376-201 1 3 $70.000
500 Mifflin Lansing, MI Single Family 33 01 01 14 379 221 I 3 $70,000
5009 Palmer Lansing, MI Single Family 33 01 01 33 353 075 1 3 $70.000
5018 SWash. Lansing, MI Single Family 33-01 -01-32-481-212 1 3 $70,000
5022 SW:7 Lansing, MI Single Famly 33-01-01-32-351-201 1 5 $100 000
5024 S. Wash. Lansing, MI Single Family 33-01 01 32 481 201 1 3 $70,000
512 Fairfield Lansing, MI Single Family 33-01 01 04 105 031 1 3 $70,000
512 mirnin Lansing, MI Single Family 33 01 01 14 379 181 I 2 $70,000
517 F. Community Lansing, MI Single Family 33-01-01-04-230-121 I 3 $70,000
527 Maple Lansing, MI Single Family 33-01-01-09-307-001 I 2 $60,000
11
525 N Magnolia Lansing, MI Single Family -01 4- 04-151 I 4 $90,000. _
537 F. Community Lansing, MI . Single Family 3-01-01-04-230-151 1 4 $90,000
541 C. Community Lansing, MI Single Family 33 01 01 01 230 161 I 4 $90 000
5003 Picardy 1 ansing. MI Smgle Faltlily 33-01-05-08-427-002 1 3 $70,000
5716 Haag Lansing. MI Single Family ,,, 33-01 05: 05-328 121 1 3 $70,000
5800 Durwell Lansing. MI Single Family 33-01 05 05 326 081 1 3 $70.000
5801 Schafer Lansing, MI . Single Family 33 01-05-04-303 041 1 3 $70.000
5952 Picardy Lansing, MI Single Family 33-01 05 06 432 072 1 2 $60,000
6020 Valencia LansIng, MI Single Funnily 33-01-05-05-377-206 I 2 $00,000
6055 Schafer Lansjng, All Single Family 33-01-05-04-352-141 1 3 $/0 000
610 S Hayford Lansing, MI Single Pamir 33 01 01 14 359 361 1 3 $70,000
616 S. Foster Lansing, MI Single Family 33 01-01 14 363-291 I 4 $90,000
6200 Daft Lansing, MI Single Family 33 01 05 06 205 195 . 3 $70,000
6215 Cooper Lansing. MI Single Family 33 01-05 09-102-031 1 3 $70,000
6284 Cooper l rinsing. MI Single Family 33-01-05-09-101-161 1 3 $70,000
6267 S Wash Lansing. MI Single Family 33 01 05 09 101 115 1 3 $70,000
6270 Cooper Lansing MI Singje Family 33 01 05 09 101 155 ----------------------I 3 $70,000
630 Armstrong Lansing. MI Single Family 33 01 05 04 276 151 1 3 $70,000
6309 Cooper Lansing, MI Single Family 33 01 05 09 102 121 I 3 $70 000
8332 Rosedale Lansing. MI Sig& Family. 33-01-05-09-177-345 1 4 $90,000
636 Armstrong Lansing, MI Single Family 33 01 05 04 276 161 1 3 $70,000
640 5 Hayford Lansing, MI Single Family 33 01 01 14 359 271 1 4 $90 000
6400 Hilliard Lansing, MI Single iramily 33-01-05-09-152-301 1 3 $70,000
6905 5 Wash Lansing, MI Single FamilL 33-01-05-09-151-033 1 4 $90,000
644 S. Hayford Lansirig, MI Single Family 33-01-01-14-359-261 1 3 $70,000
6515 Cooper Lansing, MI Single Family 33 01 06 09 152 131 1 3 $70 000
6519 Sommerset Lansing, MI Single Family 33-01 -05-09- 177-162 I 4 $90,000
6523 Sommerset I. ansing, MI Single Family 34-P1:P.:P9:l 77-18 I 0 $90,000
700 Jessop Lansing, MI Single Family 33 01 01 34 158 001 I 2 560,000
935 Dakin Lansing, MI Single Family 33-01-0112-204-071 - 4 .. p0,000

1001 and 1003 Helaire Lansing. MI Duplex 33 01 01 32 479 131 2 3 4140.000
1007 and 1009 eclair° Lansing. MI DLIfileX 39 01 01 32 479 141 2- 3 $140,000
1125 and 1127 Hickory I ansing, MI Duplex 33-01-01-15 376 191 2 2 $140,000
1218 and:12201'1_49h,, Lansing, MI Duplex 33-01-01-10-154-202 2 2 $140,000
1518 and 15211 N High Lansing. MI Duplex 33 01 01 10 154 112 2 1 $140,000
1610 and 16,12 W. Miller Lansing. MI Duplex 33.01.05-05 378 131 2 3 $140,000
319 and 321 Fenton Lansing, MI Duplex 33 01 01 33 254 071 2 3 $140.000
323 and 325 Fenton . . . Lansing, MI Duplex 33-01-01.33 254-081 2 3 $140,000
3409 and 3015 W. Jolly Lansing, MI Duplex 33 01 05 06 126 252 2 3 $140,000
3419 and 3423 W Jolly Lansing, MI Duplex 33 01 05 06 126 256 2 3 $140 000
4025 and 4027 Glenburne Lansing, MI Duplex 23 50 40 36 .405-101 2 2 $140,000
4151 and 4153 C,Ienburne Lansingill Duplex 23-50-40-36-005-001 2 2 $140,000
420 and 422 W Genesee Lansing, MI Duplex 33-01-01-16-100-092 2 2 4140,000
4217 and 4210 Glen burns 1, arising, MI D•lex 23-50 40-35-407-031 2 2 $140,000
4307 and 9309 Glenbume Lansing MI Duplex 23 50 4D 36 329 111 2 2 $140,000
12
4309 Balmoral Lansing, MI Duplex 23 50 40 36 327 001 2 140 000
4327 and 4329 Glenburne Lansing M1 Duplex 23 50 40-36 329-061 2 2 140.000
4341 and 4343 Glenburne I ansifig, Mi Duplex 23-50-40-35-329-061 2 $140 000
506 and 508 N Chestnut 1 Duplex 33-01-01-16-108-072 2 $140,000
and 5327 S Waverly Lansing, MI -05-06.151-035 2
5419 and 5421 5 Waver' Lancing MI 33-01 05 06 15) 069 2
6036 and 6038 Ilaad Lansing MI 33-01-05-05 379- 2
6042 and 6044 Ilaag Lansing MI L4plex 33 01 05 05 379 141 2
6048 and 6050 Haag Lansing. MI Duplex 2 $140,000
6101 and 6103 Crovenburg Lansing, MI Duplex 33 01 05 DB 101 351 3140,000
6113 and 6115 Grovenourg Lansing, MI Duplex $140.000
elm and 6121 Grovenburg Lansin Duplex 2 40,000
6201 and 6203 Grovenburg Lansing, MI Duplex 33-01-05-00-101-391 $140,000 .
6215 and 6217 Grovenbwg Lans,n^, MI Duplex 33 01 05 06 101 411 2 $140,000

811 and 613 N
Pennsylvania Lansing. MI Duplex 33-01 01-10-351-151 2 $140,000
902 and 904 W Miller Lansing, 1141 Duplex 2 $140,000
908 and 910 W Miller Lansing MI Duplex 33-01-05-05-431-301 $140,000
942 and 944 Vincent Lansing MI Duplex 01-01-32-476-041 2 2 $140,000
II
FIRST AMENDMENT TO PURCHASE AGREEMENT
THIS FIRST AMENDMENT TO PURCHASE AGREEMENT ("Amendment") is

made, executed, and delivered as of this 28°' day of July, 2022, by and between SK MICHIGAN REAL
ESTATE DEVELOPMENT LLC, a Michigan limited liability company, or assignee ("Purchaser"), and
LANSING HOUSING COMMISSION, a Michigan public housing authority ("Seller).
WHEREAS, Purchaser and Seller arc parties to the Purchase Agreement, effective May 31, 2022,
relating to the purchase of 66 duplex and 163 single-family twines located in the City of Lansing, Ingham
County, Michigan (the "Purchase Agreement"); and
WHEREAS, the Purchase Agreement provides that the Purchase Price wi I he subject to change
based upon the unit count.
WHEREAS, the number of units has changed and Purchaser tind Seller desire to amend the
Purchase Agreement as herein provided;
NOW, THEREFORE, Purchaser and Seller agree as follows:
1. The number of units included in the Property shall be one hundred ninety-one (191), 32
duplexes containing 64 units, and 127 single-family homes, which shall be subject to
further change based upon the number of units which may be purchased by tenants.
2. The purchase price shall he Thirteen Million Four Hundred Ninety Thousand
($13,490,000.00) Dollars, which will be subject to further change based upon the final
unit count.
Except as expressly set forth in this Amendment, the Purchase Agreement is hereby
ratified and confirmed in alt respects. Nothing in this Anmndment is intended to waive
or release any conditions or contingencies to a party's obligations under the Purchase
Agreement.
[Signatures commence on the following page]

THIS AMENDMENT has been executed by the parties hereto as of the date set forth above.
PURCHASER:

Dated:
SELLER:
LANSING HOUSING COMMISSION, a Michigan

onprofit cor ration;
By: DOU AS E. FLEMING

Dated:
2
Department of Economic Development Office
Development and Planning 316 N. Capitol Avenue, Suite 1)-1
Brian McGrain, Director Lansing, Michigan 48933
PH: 517.483.4040 - FAX: 517.483.6036
Andy Schor, Mayor www.lansingmi.Rovidevelopment
July 27, 2022
Doug Fleming
Executive Director
419 Cherry St
Lansing, MI 48933
Dear Mr. Fleming:
The City of Lansing is in receipt of the Lansing Housing Commission's (LHC) request to sign-off
on an environmental review prepared by ASTI Environmental. As the Responsible Entity (RE),
the City of Lansing is responsible for preparing the environmental review and/or assuring the
environmental review is complete. In review of the environmental review prepared by ASTI
Environmental, a thorough review was prepared, including written documentation, and
submitted for the RE's approval. The RE prepared its review based on the detailed description
of the proposed project which was provided. LHC is utilizing the HUD's Section 18 Disposition
of Scattered Sites to execute the sale of the scattered sites with the proceeds from the sale
being utilized to support additional affordable housing units. A summary is provided below.
SUMMARY OF LANSING HOUSING COMMISSION - SCATTERED SITES

AREA BOUNDARIES # OF SITES # OF UNITS
#1 - Northwest N - North Grand River 20 20
W- North Cedar Street
S- East Oakland Avenue
E- North Waverly Road
#2 - North N - West Sheridan Road 16 16
W-North Grand River Avenue
S- North Grand River Avenue
E- North East Street
#3 - Northeast N -Lake Lansing a 10
W-North East Street
S- East Oakland Avenue
E- Wood Street
#4 - Central N - Lake Lansing Road 49 52
W- South Jenison Street
S- Mount Hope Avenue
E- US 127
#5 - Southwest N - West Mount Hope 56 68
(5a & 5b) W- Lansing Road
S- Holt Road
E- South Martin Luther King Jr. Blvd
#6 - South N - West Mount Hope Avenue 53 66
W- South Martin Luther King Jr. Blvd
S- Holt Road
E- South Cedar Street
#7 - Southeast N - East Mount Hope Avenue 12 12
W- South Cedar Street
S- Holt Road
E- US 127
214 244

Each unit will receive project-based vouchers following the disposition. There is no proposed
new construction, rehabilitation, or ground disturbance for this project, just the sale.
Again, in a recent community survey as well as several community meetings, it was determined
that the number one community need in the City of Lansing is "affordable housing". We want to
assure that the disposition of these affordable housing units will not negatively impact the
community. In review of the information, LHC has reassured the city that there will be an
opportunity to continue to offer the project-based vouchers for the scattered sites.
In terms of the level of Environmental Review determination, the City of Lansing concurs with
the determination that the level of review is Categorically Excluded Subject to (CEST) to laws
and authority per 24 CFR 58.35 (a)(3)(i) in the case of a building for residential use (with one to
four units), the density is not increase beyond four units, the land use is not changed, and the
footprint of the building is not increased in a floodplain or in a wetland and/or 24 CFR 58.35 (a)
(5) Acquisition (including leasing) or disposition of, or equity loans on an existing structure, or
acquisition (including leasing) of vacant land provided that the structure or land acquired,
financed, or disposed of will be retained for the same use.
Compliance factors with the laws and authorities of statutes, executive orders and regulations
listed at 24 CFR 50.4, 58.5 and 58.6 were evaluated. Supporting documentation including
maps, letters, etc. were provided with the environmental review of these projects. The
compliance determination was properly documented. For some of the areas. Phase I and Phase
II ESA was conducted and concluded that no further mitigation of any sort was required. and
compliance was achieved. After the review and 58.34(a)(12) because there are no
circumstances which require compliance with any other Federal laws and authorities, the
CEST project converted to Exempt. See Environmental Review Process attached.
Based on the environmental review determination, there is no request for release of funds
(RROF) needed. Therefore, the environmental review process for the Lansing Housing
Commission disposition of scattered sites is completed.
If you have any questions, please feel free to contact me at doris.withers000nlansingmi.dov or

(517) 483-4063.
Barb Kimmel
Development Manager
Responsible Entity Agency Official.
Doris M. Witherspoon
Senior Planner

Environmental Review Process
(To Be Conducted by Responsible Entity)
Define Project. Consider entire project, even if HUD funding is only going to
part of the project
4
Determine level of review, based on project description
4
Exempt Categorically Categorically Environmental
(By Definition) Excluded, Not Subject Excluded and subject Assessment (EA)
to §58.5 (Not exempt or categorically
to review with §58.5
exclude. so EA reqtpred)
58.34(a) • 58.35(b) • 58.35(a)
-- 58.36
4
• No Request for • No RROF needed Complete Statutory • Complete Statutory
Release of Funds • Record Determination Checklist (1of 2 results) Checklist
(RROF) Needed in ERR • Complete
• Record Determination • Environmental review Environmental
in Environmental is complete 4 Assessment
Review Record (ERR) EITHER Checklist/Form
• Environmental • (1 of 2 results)
i f111LIff
Review Complete!
No Compliance/
compliance/ consultation
consultation required
with
regulatory
authorities • RE must publish If Finding of No If Finding of
required NOI/RROF Significant Impact Significant Impact
• 7/10 days public is made, publish made, then
notice (publish/ combined require
post & mail) NOI/RROF and Environmental
Project
Notice of FONSI Impact Statement
converts to
for 15 days (18 (EIS)
exempt
Ir days if
After conclusion of posted/mailed) Publish Notice of
public comment Intent to Prepare
period, RE sends EIS
RROF (7015.15) and
proof of public
notice to
HIM/State Prepare and
publish Draft EIS
**Note that 24 CFR §58.6 —
15 day period for
Flood Insurance, Coastal HUD/State to
Barrier Resources Act, and receive objection to
Runway Clear Zone release of funds 1
Requirements — apply to all Prepare and
publish Final EIS
projects, whether exempt,
categorically excluded, or • After objection
period, HUD/State
requiring the EA or EIS level of
issues 7015.16 —
review. Authority to Use
Grant Funds or
Release letter
• Environmental
Review Complete!
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/ sse
*Commiwelon
ueER1874 ft- 297
U.S. Doperlmanl ot
iclaralloU of Trust
tlic Mending Modorrizalloo
al Prokars)
and Urban Dove lopmanl
Otke of Public and India Housiag
r
THE LANSING 110US ING•
Wherets0 see bunuetiond THE
CITV OF LANSING ACTING HY AND THROUGH
to and 'a womnuect with be
OA celled the Pubtle Housing Ataxy (PHAN epult84_body opera/ate end solids duly created and otssetned Fumanti
unlit. r trIcileGAN aid the WES Sums of Anserks. Secretary of Housing and
Warned the laws of dna)
Act of 1937(42 U.S.C. 1431. et eel.) and the Deportment of Hewing end
in Developmen1(herein calla HU0) pennant to lbe United Sumo Housing March 29 19 7 1(hertin called
in Development An 0 U.S.C.624) metal into a Gamin centred with Ow effetely@ dme tact (3)
•
Cowed) end • mid' Modernlation Project Odra Soundest:en to the rimed Contributions Cortnel with Meet:Beene domes
Vaud Contributions
for a ram bet made by HUD to earls the PHA
4 February 7 19 91 Swain called Me Modamization Gram Ame adman) pravicarri
odemitins lower income Rom g moist's): eastl
Modetedzadon OrantAmendment arid Mc Annual Conenbutione Olall•cl
W berems. as of the thte of the elecutIonof Mis Declaradon ofTaut. the
THE CITY Or LANSING, COUNTY Or
r ceruM individusl lower income borung project. located km (5) dwelling
[AGM , STATE OF MICHIGAN
known al modcournion po,iva whiN o.Mi
ch m ir3 3 3se
M '1144 teif lta zas9
O°51,:9:0
PPr d4 . projects as follows:
s8.4
i: and whichIowa incomt housing mien. am
t410 5E- 00 2 with appedirmaly 140 n e
coNa (8)
MIO 50 -0 0 6 vela apreoderudely 100 dwelling unba. awl
111058-007 with appeoelmately LOU dwelling WO/ 4:14
eat No. (S) dwelling units
MI 0 50-012 with approximately 52
esthetes. padded by HUD.
Whemas de moderalmtion of each Project will have:been financed with want
camarned Inas Modernization Orme Amendment end Me Minus.'
Mow Therefore. to assure HUD or the performance by Ma PHAer thacentams
hereby eeknowledre nal &due th ai:LITre ledscandah thiti peer M19018115, for Mc purposes
aibutIons Conine'. the PHAdoa i r
Le inlet*. following desmilead real p4Opetly Sinned in: (9)
',EWAN r STATE OF MICHIGAN To WA:
at legal description louse]' InervIclusl project X101 CI

I
SEE ATTACHED LEGAL DESCRIPTION
La-J $p$ 22 IQ 3$ Ni 91
SECIITCH OF DES D$
r-, • nv
1-i-1 10111144 COUNTY,111C11.
all buildings and Roues gentled culotte erected thereon or appurunent amnia.
declares and mknowledges tbat durbtig We existenceof the Bust hereby amine.HUD hacet grained and Ispossessed dam imaest
Th,PEA hereby
re 'Wove deanibed Propel property. To Will
tom trander:Ens conveying, assignor, leasing. mourning.
The eight to requke Me PHA to nnedn seined°, the 'Mem sold property end urretreln
leant monger. pledge or other oneurateranee of mid
.ging. or othciwbe atcumberIng or 'emitting or Furkring any transfer. conveyance, suirirnent,
thereoL empuremances Waco. or any rml, ImienUttinCO Me.Or receipt' therefrom et htootemetion therewith. ate any of the tenefite Of
saw or say pen
Connibutions Contract or my Intemn Irdety of 4se same
iihminne gimied to .by at pursuant la the Modernketion Omit Amendment meddle AnAllal
provided 'nate Annual Connibutions Contriet (t) /use Saber space and
prt thet the PHA MAY (1/to Me Went oul Li Me manner
Which it determined to be excess to the needs et ealY Project Of
ides in any Prolett. (b) convey or otherwise alsyom ol any WA Of personal property
newer-way. aid slant asserneat for the ertablislunent opendon. and mairdetutnce of
;Craggy or &Mara lana for use as streets dead, et other public
Be utilities or (4) enter Into add pedome caudal for the dB of dwelling Ludt. to membas of tenant families. as audedual by dm Untied States
.sing Actor 1931.ot (2) valMthe gyrated of HUD. release any Project hom the mut heteby mated: Provided. That nathIng lanai sentsined shall be
tuned as prohibiting the conveyance°, tide to or the delivery of possasien of any Pmfecteo HOD pUricianl tole AnnuaLconribetions Contest
ittalmtited officer of HUD (1) upan any tonveyanee 'twofer elide by the PHA of my real or perverts' ProPedY which is
ilmendertement by &duly
Men/ear al any Peoject, or (2)upon instrument of oonveyance or dedkation of property, or ay Veva( therein, (muse as
mimed to Le cease to
amnion and maintennse of public teMilies. or (1) open my Insinunenteransfenint
at idlers. mother Public rightoftway. or for the erublishment
a dwelling unit or un interest Stettin to • member of • tempt family, 01 (4) urea ear lostentdentorreltuenmdc bY 1116 FHA of "I Pcklecl
onvding
1 bo crewing co ukase such property Donate oust hemby teemed.
he subject to thit Decteration of Trust fore period of twency years
*the individual projectsmewedby the btocleadration Grant Amendment shall
anima' Me &moral. biodennutime Orem Atnendinun Each inekredud project shall alto he rubies' lo this Derluarion of Tam for • paiod of
Bedew oldie I reeng ModernIntion Cunt Ainendmml walkabletoth at project . Upon existent:mot the period Saint which the
ay yeart after
with the Amma1Centn iutiora Conant. dee nun hereby auted prminate end no
Vs °Wilted to °Errata the individual projects M aecordanoe
mr be effective.
his mimed Wue presents to be Bison' in its name and 1m coupe r MA In be
In Whams {Thereof. Um PHA by its,pfdieen 'hereunto duly gutho •
unto Wand and messed this 4.2a. _ . &Id 19 '
LANSING
THNo Z/TRE R83LYfic8ZotliflYsstom
11
Attest .491.44/09 0 alma _-

BILLIE C. Delm_aj ..ope". a en
,
t
' ImIcnocromla1 .
Attest: BY 41-------. 4
VI 5iC111 Chris Studien, secretary
71l ,
wit nese ed b eTi.C. this,/ this cfro day of 2,7 ..-y„). 199 /
STATF. OP IC1TIO - .
ss. .
COUNIT OF ....21 2
/414—,,../
The foregoing ins unwed was acknoMedgedneto e me Elie !Pt 41 li, d y of 94 z.....4./.ty_
}TX /t wit /
(Niffigs)er Gift) . ,7 I
, I i
e-tt 4 '7 " vi ,.-.1,1 ' ,a<
it- 4c l -44/4.11.41) rad -4-a- 1.-
OnleD1 Offiepo) ,- . 1 , (Naral'of Corpora! ion)
V/..' r is.. IS> pedal b A II f in c p r don
t (State of Income
, .
) , 44 V . 2 1.— )
'I
t „,,
• A
, vsi c ,„1 I (- ( 11°11
117
z
•
HI! ft/
4i btf: 7P4(1.- igt 4,1 e 1391 ie
..± ri Platy Public. t A
s. (10-cri . .
VA% * L71-1 Ingham Congfi
v
cITTIfigi,tgrypEtmet
Malkin Ming ' •
ls
iles1874 re. 298
58-2 Beginning at the Northermost corner of Lot 2, Mt.

Vernon Park; Thence $67 deg. 43 1 00°S, 199.06 feet;
thence $01 deg. 45139"W, 490.00 feet; thence 6118 deg.
14 1 2190, 504.69 feet: thence N32 deg. 16,03"6, 529.83
feet; thence 114.61 feet along a curve to the left,
said curve having a radius of 657.70 feet, and a long
chord of 114.46 feet, bearing 127 deg. 161 32"E, to the
point of beginning. containing 184,105 square feet-
4.226 acres.
Beginning at the Northermost corner of Lot 2, Ht.
Vernon Park; thence 627 deg. 16 1 3294, 114.46 feet;
thence $32 deg. 161 03"W, 529,83 feet to the true point
of beginning. Thence Vie deg. 14'21E, 504.69 feet;
thence $01 deg. 45'39"W, 230.00 feet; thence N88 deg.
14'21"E$ 564.59 feet; thence 1157 deg. 431 57"W, 65.15
feet: thence 1132 deg. 16'03.'15,220.57 feet to the Point
of Beginning. Containing 130,413 square feet - 2.994
acres.
Beginning at the SE corner of Lot 2, Mt. Vernon Park;
thence 1108 deg. 51'36"W, 218.69 feet; thence 685 deg.
46'45"W, 118.29 feet to the true point of beginning:
thence 680 deg. 25104W, 194.00 feet; thence 112.25
feet along a curve to the right, said curve having a
radius of 567.00 feet and a long cord of 112.07 feet,
bearing 686 deg. 051 221141 thence N8S deg. 14'21"):,
135.41 feet; thence :101 deg. 45'39"E, 77.47 feet;
thence 363.89 feet along a curve to the right, said
curve having a radius of 683.43 feet and a long chord
of 359.60 feet bearing 017 deg. 00'51°E, thence $5?
deg. 43'57"E, 65.15 feet; thence 808 Deg. 14'21"E.
369.59 feet; thence 933 deg. 57 1 40"w, 156.11
feet;thence sill deg. 45,39w, 210.00 feet to the point
of beginning. Containing 163,653 square feet - 3.162
acres.
The South 210 feet of Block 84, Original Plat, City of
Lansing. County of Ingham, State of Michigan, subject
to easements, conditione and restrictions of record.
5B-7 Commencing at a point, said point being Westerly along

the South line of the N. E. 1/4 of the S. S. 1/4 of
Section 31, T. 4 N., R. 2 W., 190.00 ft. and N. 0 deg.
22' W., 33.0 ft. from the Southeast corner of the
Northeast 1/4 of the Southeast 1/4 of section 31, T. 4
N., R 2 W., city of Lansing, Ingham County, Michigan,
thence from said point of beginning due West 280.00
ft., thence N. 0 deg. 22 E. 173.0 ft., thence due west
160.0 ft., thence N. 0 deg. 22' E. 190.0 ft., thence
due East 440.0 ft., thence S. 0 deg. 22' w. 363.0 ft.
to the point of beginning.
Commencing at a point, said point being Westerly along
the South line of the N. E. 1/4 of the S. E. 1/4 of
Section 31, T. 4 N., R. 2 w., 1041.81 ft. and N. 0 deg.
16'E. 33.0 ft. from the southeast corner of the
Northeast 1/4 of the Southeast 1/4 of Section 31, T. 4
N., R. 2 W., City of Lansing, Ingham County, Michigan,
thence from said point of beginning N. 0 deg. 16' E.
193.0 ft., thence due East 140.0 ft., thence N. 0 deg.
16' S. 170.0 ft., thence due East 272.35 ft., thence S.
0 deg. 22' W. 190.0 ft., thence due East 160.0 ft.,
thence S. 0 deg. 22' W., 173.0 ft., thence due West
571.75 ft. to the point of beginning, containing
153,454 square feet more or less (3.52 acres).
the south line of the N. E. 1/4 of the S.E. 1/4 Section
31$ T. 4 N., 1. 2 W., 1321, Si ft. and N. 0 deg. 16'E.
33.0 ft. from the Southeast corner of the Northeast 1/4
6330811
urci?18;74 ft-299
of the Southeast 1/4 of Section 31, P. 4 N., R 2 R.,

City of Lansing, Ingham County, Michigan; thence from
said point of beginning N. 0 deg. 16' E. 363.0 ft.
along the East line of Lots 58, 57 and 56 Flat of Eco
Farms, thence due Eat 420.00 ft. thence S. 0 deg. 16'
W. 170.0 ft., thence due West 140.0 ft., thence S. 0
deg. 16' W. 193.0 ft., thence due West 280.0 ft. to the
point of beginning, containing 125,440 square feet more
or less (2,88 acres).
/.
5B-12 Lots 64, 65, 66 and 67 of the Plat of Goodhome
Subdivision, a part of the East 1/2 of the Southeast
1/4 of Section 27, T4N, R2W, City of Lansing, /ngham
County. Michigan, according to the recorded plat
thereof.
6330811
wo1874. P6 300 *Commiss of
U.S. 04thaf1M411t of Housing

rdiaration of Trust tind Urban D4Vglopmeal
sfic Housing MOdornizaithn *lice of Put* ird Indian Housing
g N ' crS) HORSING •
Whereas (1 the &actuations) THE CITY
OF LANSING ACT I NG EY MID THROUGH THE LANSING
politic, duty created and organized pursuant lo and in accordance with the
+(nailed the Palie Housing Agency (PhlAk a oulticr bOdahmadimd
s T TS and the United Swim of America. SecieWY of Housing and
isimu of laws of it,.(2)
the. Department af Hewing and
in Development (haul called HUD) pigment to the United Stases Housing Au of 1937 (42 U.S.C. 1431. et seq.) armi
29 19 9 l iberein called
m Development Act (5 thS.C. 624) enured into a tellain caning with OR effetfivedeR, mot (3) Ha r C9
Canal) di remain Afelanitedon Project OrantArnendmem scathe Annual Conoibotiotu Contract with the LICOCtiVt tilt AS
Navel Connitrullons
IWO to1401th' PRA
1 Fehr WIT" 7 1991 fhesein called the Modernization Otani Arnandnient) providing for a gunshot* made by
°demisingIowa income housing Plothegs): mil
Wharfs; sof thc date of the execulims of this Declaration °flown, the ModernizationOF Orem Ameoginleigt end UM Annual Contrahthithas Cen:aet
THE C ITY LANS INC , COUNTY OF
otntOU di idyll lo income h ilsizig poi ts Rated ' • 01
, STATE OF M/CHIGAN d e ffina
INCHAII
Moderniaion Projec aIlru
o.wil
wihtiheh l4141343.97; 913 :9
: :9 91 4811projuts as follows:
: (67)ind indi9ridu
Rand Rigeb lower bROMehousinglhohiecla ant blown as
ea No 04 MI 0 58 - 00 2 with APProthrriaseiy 140 8 uni m
act No (8) 1'1 rwith approximately 100 dwelling minim. and
, No (g) Ml 0 SS - DO, %nth appeximately 100 dwelling oniu; and
111058-012 with approximately 52 dwelling units
sCa ssistance 'Th in v. -6-y I IUD.
Whereas, the modaratismion of wahlarojectwill have Sullins:reersth-th--thai
Modemiution Omit Amendment and ithe Annual
Now Therefore.to tusum HUD of the perfomiance by the PHA of the covenants cantained inthe
olbutfons Cognac. the PHA dot, hereby acknowledge and &awl cheap r
tess endarnd Igithi?nyortM iclif tap,
for the pusposm
L
instated Ow following described teal properly sthaandim (9)
1,14HAM STATE OF' MICHIGAN
•
hit legal description for each individual psnjoht X10)
RECORDED Te
SEE ATTACHED LEGAL DESC RIPT ION fit 99 II 3,911'91
R!Gii:lit gr 2
ezz 9 ..
IC buildings and .EXCWO <imolai to be eroded thereon or *winnow! 014:WM 1NCHAII OHNI
Rost herebymeared, HUD FR been gamed andis possessed alas, iMerest
The pilA hereby declares and acknowledges Muddling the existence Ofthe
• above described Project property, To WIti
sehain from transferring. conveying. assigning, leasing.monglidog,
The right to sequin tho PHA to rtITItill seize:ler the tidal° amid poptoty JAL to
mortgage. pledge ocaher encurnbrorwe of said
iting, or otherwise encumbering mgertnitting or offroing my transfer, conveyance, assignment. Mast.
therewith. or anY el the benefits or
way oe any pan thereof, appurtenances LhatIO, or any rent, totonuu, income, or receipts theiefinm or in curmemion
or any interest in anyof- the emu
throthiens wantedton ty or punewu to the Modeminthon Orem Amersimem and the Amaral Contriburtmu Contract.
wt that the PHA mar (limo the LAW% sod In the manner peovidedin the Mau al Cormilthicat Contact. (4) lease dwellings ffind °thrr sP6cts and
property which is derermined 10 be excess In the needs of any Frolech or
M any Proieet, Or (b) convey or orhenRsedbPlse of war oath or Perwthol tad Mahitehin" ci
unvey or dedicate hand for use as theeth JityS. or otherpublic tier-of-way, end grant moments lot the esiablishment. oPerlOoR
of talent further, at atohodzeth by die United Slates
lie titithin: odd) enter into and perform contacts fur thank of 4•Ittling tith14 to mtinten
nothing "twin tomcatted shallbe
-sing Maul 1937.ot (2) with the smooth of HUD, release any thwitot (mm the oust kerebyttate4; PTO•ided. Mut
Ashrtuatcentribations Contact.
mute IS prohibiling the conveyance cf 80t to or thedelivery of porthessionof any Project to HUDpursuant to the
sericite:oath propaty which is
The /*Rise:nunt by a duly tathorthed officer of HUD Withal any conveyance or monger ;nide by tha PHA*, any
rtninesi lobe excess to the needs iny Men. (2) uponanY " 9911eu'lr°99lelmee or dealeadim
of rfullRHY. °I' MY "Merest °web,. for well
AS, alleys. Of titheipliblie light-of-way, or for the
eitablishmenr, opera( Rd and rnainCenanee of PuNi6 injUries, or 13/ 91l0u any ktSIMMenl crangrenin8
°intent made by the PHA of any ?whom
always's a dwelling will, at an interest therein, to a member nil tenant family, or (*Onion any innnimenh
be e flecdve to release such popeny from the =therebyMated.
Deulanion of Tnur fog &period of twenty yeah
The individual projects mvered by the Modernization Gout Amendment shall be subject to this
antAmendm Eschindiviclual projottsh41 aLso 11450)4410 this Deelerationaf Truth for • period of
tenlag daft dale et the Mademinuon
Upon expiration dim period tithing which the
sty yams after the disc of the most recent MedernintiOnOmnlAnniment applicableW0u project.
with the Annual Contribotions Contact the thist Web), nested shall femliftWe 'TAR°
a tsobliR.tedIaop&aIg the thilioidual projects in accordance
ith be effective.
I, Witness Whereat the FHAby itilfIleemthemumo shim hal =Ind Mese PreSenrs to be signed, Is Its name Rid cMPOCIW Seth lobe
and attested MR , cloy of • 19 9/ .
unto afxed
fi
Attest
LE C. PERHODA Delma Lo id nt
Attest i Cfil laarnathaVa.f
RAVI VMNANCII Chris Stuehell, Secretary
STATE OP NIICItIO AN.

_ ejzza.tAlis_,TO day of Of 99/
ss.
COUNTY / 14
The foregoing 'nun, lent was acknowledgcd before r
( y• i-li•••" el y
,:i.a/.,.., c, .4t
7/ / . 1 ,. ( -'
I rl. 4 • • ' ?)
19-2-1— by
• ,, ftlame)of 0
744 a Sr 7:t i , ,.,iiL. l• • • of
mods) or Of( 111) " c t P .
c 'lc' I Co hp ration)
. i 4 . .i ii
e a " fttia.la . • if corporal" ) b half (lit torpowalion
i / . es:ant ifofersofaceolic .
...0 ji:r L i
7 ...v...L .., . teitt u. a t
6
• ......./,•,,,,,,,,,,,,,
h,..,.,/mt..
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gifI soc.. ...1/-44 oi.. EL.....:
•
.0
Billie
,
C....terepga
Y20 dei7P,S_5 County, Michigan hi
My Commission expires Az ,/7-- AY
6330810
un1874 ft, 301
58-2 Beginning at the Northermost corner of Lot 2, mt.

Vernon Park; Thence 567 deg. 43 1 00"13, 199.06 feet;
thence 601 deg. 4539"W, 490.00 feet; thence 588 deg.
14'21"W, 504.69 feet; thence N32 deg. 16103"E, 529.83
feet; thence 114.61 feet along a curve to the left,
said curve having a radius of 657.70 feet, and a long
chord of 114.46 feet, bearing 527 deg. 16'32"E, to the
point of beginning. Containing 184,105 square feet-
4.226 agree.
Beginning at the Northermost corner of Lot 2, mt.
Vernon Park; thence 527 deg. 16'32"W, 114.46 feet;
thence 512 deg. 16'0314, 529.83 feet to the true point
of beginning. Thence 688 deg. 14'21"E, 504.69 feet;
thence 501 deg. 45'39"W, 230.00 feet; thence 088 deg.
14'21"E, 564.59 feet: thence N57 deg. 41'57"14, 65.15
feet; thence N32 deg. 1603'1'5,220.57 feet to the Point
of Beginning. Containing 130,413 square feet - 2.994
acres.
Beginning at the SE corner of Lot 2, Mt. Vernon Park;
thence N88 deg. 51 1 36"0, 210.69 feet; thence $85 deg.
46'45"W, 118.29 feet to the true point of beginning;
thence S80 deg. 25'04W, 194.00 feet; thence 112.25
feet along a curve to the right, said curve having a
radius of 567.00 feet and a long cord of 112.07 feet,
bearing 586 deg. 05'22"w: thence 088 deg. 14'21"W,
135.41 feet; thence NO1 deg. 45 1 39"E, 77.47 feet;
thence 363.89 feet along a curve to the right, eaid
curve having a radius of 683.43 feet and a long chord
of 359.60 feet bearing Ni? deg. 00'51E, thence 557
deg. 43'57"E, 65.15 feet; thenee 588 Beg. 14'21"E,
369.59 feet; thence 533 deg. 57'40W, 156.11
feet:thence 001 deg. 45'39"W, 210.00 feet to the point
of beginning. Containing 163,853 square feet - 3.762
acres,
LLS The South 210 feet of Block 64, Original Plat, City of
Lansing. County of Ingham, State of Michigan, subject
to easements, conditions and restrictions of record.
53-7 Commencing at a point, said point being Westerly along
22' w., 33.0 ft. from the Southeast corner of the
N., R 2 W., City of Lansing, Ingham County, Michigan,
thence from said point of beginning due West 280,00
ft., thence N. 0 deg. 22 E. 173.0 ft., thence due West
160.0 ft., thence N. 0 deg. 22' E. 190.0 ft., thence
due East 440.0 ft., thence S. 0 deg. 22' W. 363.0 ft.
to the point of beginning.
commencing at a point, said point being Westerly along
16'13. 33.0 ft. from the southeast corner of the
N., R. 2 W., City of Lansing, Ingham County, Michigan,
thence from said point of beginning N. 0 deg. 16' E.
193.0 ft., thence due Mast 140.0 ft., thence N. 0 deg.
16' E. 170.0 ft., thence due East 272.35 ft., thence S.
0 deg. 22' W. 190.0 ft., thence due East 160.0 ft.,
thence S. 0 deg. 22' W., 173.0 ft., thence due Went
571.75 ft. to the point of beginning, containing
153,454 square feet more or less (1.52 acres).
the South line of the N. E. 1/4 of the S.E. 1/4 Section
31, T. 4 N., I. 2 W., 1321, 81 ft. and N. 0 deg. 16'E.
33.0 ft. from the Southeast'corner of the Northeast 1/4
6330810
wfi1074 ft-302
of the Southeast 1/4 of Section 31, T. 4 N., 11 2 W.,

City of Lansing, Ingham County, Michigan; thence from
said point of beginning N. 0 deg. 16' E. 363.0 ft.
along the East line of Lots 58, 57 and 56 Plat of Eco
Parma, thence due Eat 420.00 ft. thence S. 8 deg. 16t
W. 170.0 Et., thence due West 140.0 ft., thence S. 0
deg. 16' W. 193.0 ft., thence due West 280.0 ft. to the
point of beginning, containing 125,440 square feet more
or less (2,88 acres).
58-2 Lots 64, 65, 66 and 67 of the Plat of Goodhome

Subdivision, a part of the East 1/2 of the Southeast
1/4 oE Section 27, T4N, R2W, City of Lansing, Ingham
County' Michigan, according to the recorded plat
thereof.
Dratted by: Dona L. Davenport > - , .,.., . , .
/Wm Secretary—Lansing Housing Commission
Declaration of Trust U.S. Department of Housing OMB No. 2577-0270
and Urban Development exp. 0913012013
(Public Housing Modernization Grant Projects)
Office of Public and Indian Housing a 1
Jenks Hwy .....--
Whereas, (I, see instnictions) Lansing Housing Commission rlatte, MI 48813

•
(herein called the Public Housing Agency (PHA), a public body corporate and politic, duly created and
organized pursuant to and in accordance with the
provisions of the laws of the (2) State of Michigan
and
the United States of America, Secretary of Housing and Urban Development (herein called HUD) pursuant
to the United States Housin,A041.19.3.7:,.e,
(42 U.S.C. 1437, at seq.) and the Department of Housing and Urban Development Act (5 U.S.C. 624) entered
into a certain contracrivith the effective
dare as of (munidd/yYYY) (3) 03/21/1971 (herein called the Annual Contributions Contract) and a certain Modernization Project Grigi, ,
Amendment to the Annual Contributions Contract with the effective date as of (mmicleVyyyy) (4) 07/14f2D10 , (herein called illti.1 7a ' -
Modernization Grant Amendment) providing for a grant to be made by HUD to assist the PHA in modernizing Lower
income housing project(s); and ....: ... ' .V' •
Whereas, as ofthe date ofthe execution of this Declaration of Trust, the Modernization Grant Amendment and the Annual
ContributionsContract covgP, • 111-41.,
certain individual lower income housing projects located in: (5) City of Lansing County of Innham State of Michigan o t-cr';'a
which will provide approximately (6), 634 dwelling unite; and which lower income housing projects are known as Modernization
uk -re.-n9.....
Project No (7) MI33P05830110 and individual projects as follows: '''
.10- Orn3.3
Project No. (8) see attached list* with approximately dwelling units, •..
Project No. (8) with approximately dwelling units, and
Project No. (8) with approximately dwelling units; and Pei
.C.
Whereas, the modernization of each Project will have been financed with grant assistance provided by HOD.
Nan Therefore, to assure HUD of the pdrformance by the PHA of the covenants contained M the Modernization Grant Amendment and the
Annual
Contributions Contract, the PHA does hereby acknowledge and declare that it is possessed of and holds intrust for the benefit °MUD. for the niirtincac herein
stated, the following described real property situated in: (9) Pages: 16
B: 3419 P: 1224 04/26/2011 1200 PM
City of Lansing, County Of Ingham, State of Michigan 2011-01/180 MISCELLANEOUS Receipt gasbag
Cur tls H•r• tea Jr .. Ingham County, Michigan '11
11111111111EN Ill II11111111111111111 111111111111

11111111 -ta
MI33-P058-102
- 173 units MI33P058103- 168 units MI33P058111- 213 units MI33P058112 — 279 units
ire
and all buildings and fixtures erected or to be erected thereon or appurtenant thereto.
The PHA hereby declares and acknowledges that during the existence oldie trust hereby created, HUD has been granted and is possessed of an interkt
in the above described Project property, To Wit:
The right to require the PHA to remain seized of the title to said property and to refrain from transferring, conveying, assigning, leasing, tfloftgagiNgl
-
pledging, CII otherwise encumbering or permitting or suffering any transfer, conveyance, assignment, lease, mortgage, pledge or other encumbrance of sa
property or any pan thereof, appurtenances thereto, or any rent, revenues, income or receipts therefrom or in connection therewith, or any of the benefits
orcontsibutions granted to it by or pursuant to the Modernization Grant Amendment and the Annual Contributions Contract, or any interest in any ofMe same
except that the PHA may (1) to the extent and in the manner provided in thc Annual Contributions Contract, (a) lease dwellings and other spaces and facilities
in any Project, or (b) convey or othenvise dispose of any real or personal property which is determined to be excess to the needs of any Project, or (c) convey
or dedicate land for use as streets, alleys, or other nublicrigheof-way, and granteasements for the establishment, operation, and maintenance ofpublicutilitics;
or (d) enter into and perform contracts for the sale of dwelling units to members of tenant families, as authorized by the United States Housing Act of 1937,
or (2) with the approval ofHUD, release any Project from the trust hereby created; Provided, That nothing herein contained shall be consin.ed as prohibiting
the conveyance of title to or the delivery of possession of any Project to HUD pursuant to the Annual Contributions Contract.
The endorsement by a duly authorized officer of HUD (I) upon any conveyance or transfer made by the PHA of any real or personal property which
Is determined to be excess to the needs of any Project, or (2) upon any instalment of conveyance or dedication of ProPertY, or ally interest therein, for use
as streets, alleys, or other public right-of-way, or for the establishment, operation andmaintenance of public utilities, or (3) upon any instrument transferring
or conveying a dwelling unit, or an interest therein, to a member of a tenant family, or (4) upon any instrument ofrelease made by the PHA of any Project
shall be effective to release such property from the trust hereby created.
The individual projects covered by theModemization Grant Amendment shal: be subject to this Declaration ofTrust for a period oftwenty years beginning on
the date of the Modernization Grant Amendment. Each individual project shall also bc subject to this Declaration ofTrust fora period of twenty years after the date
of the most recent Modernization Grant Amendment applicable to that project. Upon expiration of the period during which thc PHA is obligated. toopthte the
individual projects in accordance with the Annual Contributions Contract, the trust hereby created shall terminate and no longer be effective.
In Witness Whereof, the PITA by its officers thereunto duly authorized has caused these presents to be signed in its name and its corporate seal to
hereunto affixed and attested this date (m dd/YYYY) 12/15/2010
(Seal) (I, see instructions)
IcOtett-'
ta h.. C)53 •
DONA L -
HOURVPUBUC-
GOWN' By Chairperson 31, -7;3
110
My
Rata ths(Igunly Attest VineEtceger Secretary , 47 t
Date (nm/ddinyy) Patricia Bathes Lake
12/15/2010
kV" - 9 —cgt el) at
ref. Handbook 7485,1 form HUD-52190-ft MAIM
2011-017180 Ingham County MI Register of Deeds Page 1 of 16

2011-017180 9: 3419 P. 1224 Pages:2 of 16 Ingham County
DECLARATION OE TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE.LANSING

MI 48933
M1058102 PARCEL: 33-01-01-06-103-021

LOT 2 EXC COM SE COR, TH N 88DEG 51MIN 36S0D W 218.69 FT, W 118.46 FT ON A 633 FT RAD CURVE TO
THE
LEFT WHOSE LONG CHORD BEARS S 85DEG 46MIN 45SCD W 118.29 FT, N 01DEG 45MIN 39SCD E 210 FT, N
33DEG 57MIN 40SCD E 156.11 FT, S 88DEG 14MIN 21SCD E 195 FT, S 01DEG 45MIN 398C0 W 139.12 FT, S,
88DEG 19MIN 39S00 E 56.1 FT, $ 01DEG 18MIN 24SCD W 188.37 FT TO BEG; MOUNT VERNON PARK
3800 WILSON AVE PARCEL: 33-01-01-06-103-020

COM SE COR LOT 2, TH N 88DE6 51MIN 3680D W 218.69 FT, W 118.46 FT ON A 633 FT RAD CURVE TO THE
LEFT WHOSE LONG CHORD BEARS S 85DEG 46MIN 459C0 W 118.29 FT, N 010EG 45MIN 39SCD E 208.26 FT, N
33 DEG 57 MIN 40SCD E 156.11 FT S 88DEG 14 MIN 21SCD E 195 FT, S 01DEG 45 MIN 39SCD W 539.12 FT, S
880EG 19MIN 39SCD E 56.1 FT, S 01DEG 18MIN 24S0D W 188.37 FT TO BEG; MOUNT VERNON PARK
1108 ONTARIO PARCEL: 33-01-01-08-206-212

LOT 137 & W5 FT LOT 138, ALSO E 9 FT OF LOT 136 & W 62 FT OF S 18 FT LOT 174 NORTH HIGHLAND SUB
1125 GLENN STREET PARCEL: 33-01-01-08-407-321

LOT 8 GLENN ST SUB
1317 CHRISTOPHER PARCEL 33-01-01-09-061

LOT 3 BLOCK 1 GLENDALE PLACE
1338 CHRISTOPHER PARCEL: 33-01-01-09-156-021

1401 HILLSDALE STREET PARCEL: 33-01-01-17-386-061

LOT 56 MCPHERSONS HEATHRWOOD SUB NO 2
1405 MARTIN LUTHER KING BLVD PARCEL: 33-01-01-06-206-216

LOT 139 & E 33 FT OF LOT 138 & e 70 FT OF SIB FT LOT 174 NORTH HIGHLAND SUB
1447 ROBERTSON AVE PARCEL: 33-01-01-08-205-111

LOT 32 & S 12 FT LOT 33 NORTH HIGHLAND SUB
1449 COMFORT PARCEL: 33-01-01-08-128-263

S 66 FT OF E 173.25 FT LOT 11 ASSESSORS PLAT NO 11
1501 COMFORT PARCEL: 33-01-01-08-128-265

N 66 FT OF S 132 FT OF E 173.25 FT LOT 11 ASSESSORS PLAT NO 11
1503 ROBERTSON PARCEL: 33-01-01-08-205-121

LOT 33 EXC 312 FT ALSO S 20 FT LOT 34 NORTH HIGHLAND SUB
1507 COMFORT STREET PARCEL: 33-01-01-08-128-267

N 66 FT OF E 173.25 FT LOT 11 ASSESSORS PLAT NO 11

LOT 35, ALSO LOT 34 EXC S 20 FT NORTH HIGHLAND SUB
1513 COMFORT PARCEL: 33-01-01-08-128-269

SOS FT OF E 173.25 FT LOT 12 ASSESSORS PLAT NO 11
1553 ROOSEVELT AVE PARCEL: 33-01-01-08-228-571

LOT 184 & N 16.5 FT LOT 185 KNOLLWOOD PARK
1717 GLENROSE AVENUE PARCEL: 33-01-01-08-127-451

LOT 27 ASSESSORS PLAT NO 12
2011-017180 In gh am County MI Register of Deeds Page 2 of 16

2011-017180 a 3419 P: 1224 Pages:3 of 6 Ingham County
DECLARATION Or TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUELANSING

MI 48933
2109 DARBY DRIVE PARCEL: 33-01-01-06-455-171

LOT 133 SUNSET HILLS NO 4
2700 WESTBURY RD PARCEL: 33-01-01-06-428-008

S'LY 120 FT OF:COM SE COR DELTA RIVER DR & WESTBURY RDS, TH S263.6 FT, NE'LY 102.35 FT ON N LINE
LOT 1 DELTA HEIGHTS SUB, N 237.7 FT TO S LINE DELTA RIVER DR, SW'LY 102.3 FT TO BEG; SEC 6 14N R2W
2840 CYNWOOD PARCEL: 3301-01-05422-031

LOT 20 SUPERVISORS PLAT OF CYNWOOD HEIGHTS SUB
3021 DELTA RIVER DRIVE PARCEL: 33-01-01-06-402-251

3025 SHEFFER PARCEL: 33-01-01-06-127-214

LOT 42 WESTMONT SUB
2915 DELTA RIVER DRIVE PARCEL: 33-01-01-06402-191

3013 YOUNG AVE PARCEL: 33-01-01-06-177-175

LOT 159 WESTMONT SUB

3025 SHEFFER PARCEL: 33-01-01-06-127-214

LOT 42 WESTMONT SUB
3101 SHEFFER PARCEL; 33-01-01-06-127-204

LOT 41 WESTMONT SUB
3108 TECUMSEH AVE PARCEL: 33-01-01-05-182-031

LOT 111 M MITSHKUN $ OAK GROVE SUB NO 2
3111 YOUNG AVENUE PARCEL: 33-01-01-06-177-221


3309 WESTMONT PARCEL: 33-01-01-06-128-211

LOT 87 WESTMONT SUB
3315 WESTMONT AVENUE PARCEL: 33-01-01-06-128-221

LOT 86 WESTMONT SUB
506 N CHESTNUT PARCEL 33-01-01-06-108-072

N 62 FT OF W 115.6 FT LOTS BLOCK 72 ORIG PLAT
508 N CHESTNUT PARCEL: 33-01-01-06-108-072

N 62 FT OF W 115.5 FT LOT 8 BLOCK 72 ORIG PLAT
• 527W MAPLE STREET PARCEL: 33-01-01-09-307-001

W LOT 12 BLOCK C SUB OF BLOCKS 26 & 27 ORIG PLAT

2011-017180 a 3419 P: 1224 Pages:4 of IS Ingham County
DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE.LANSING MI 48933
420W GENESEE STREET PARCEL: 33-01-01-16-108-092

W 115.5 FT LOT 7 & W 116.5 FT OF S 4 FT OF LOTS BLOCK 72 ORIG PLAT

W 115.5 FT LOT 7 & W 115,5 FT OF S 4 FT OF LOTS BLOCK 72 ORIG PLAT
506 N CHESTNUT STREET PARCEL: 33-01-0146-108-072

508 N CHESTNUT STREET PARCEL: 33-01-01-16-108-072

M1058103 PARCEL: 33-01-01-04-176-041

LOT 106 SUPREVISORS PLAT OF WALKER HEIGHTYS NO 1 ALSO COM E 1(8 POST SEC 4, W'LY ALONG S'LY
LINE OF FAIRFIELD GARDEN SUB 810.10 FT, S ODEG 32 MIN 05SCD E ALONG ELY LINE TURNER SYT 440 FT, N
89DEG 40MIN 405CD E 805.99 FT, N TO BEG; SEC 4 T4N RZW HILDEBRANT PARK
1009 SHEPARD PARCEL: 33-01-01-22-230-071

LOT 179 CITY PARK SUB
1013 SHEPARD PARCEL: 33-01-01-22-230-081

1020 LESLIE STREET PARCEL: 33-01-01-22-230-201

1025 BENSCH STREET PARCEL; 33-01-01-22-206-071

LOT 165 EXCELSIOR LAND COMPANYS SUB
1027 SHEPARD STREET PARCEL: 33-01-01-22-230-131

1031 SHEPARD STREET PARCEL: 33-01.01-22-230-141

108 FAIRFIELD PARCEL: 33-01-01-04-126-221

LOT 2 FAIRFIELD GARDENS SUB

LOT 164 & N LOT 163 CITY PARK SUB
1113 DAKIN PARCEL: 33-01-01-22-253-041



1124 BENSCH STREET PARCEL: 33-01-01-22-251-191

1125 HICKORY STREET PARCEL; 33-01-01-15-376-191

LOTS 37 & 38 BLOCK 2 LANSING IMPROVEMENT COMPANYS ADD

2011-017180 B 3419 P 1224 Pages:5 of 16 Ingham County

1127 HICKORY STREET PARCEL: 33-01-01-15-376-191








1200 PARKVIEW AVENUE PARCEL: 33-01-01-22-176-441

COM NW COR LOT 75, TH W 50 FT, S ODEG 37MIN W 104.5 FT, E SOFT, N TO BEG; HUNTINGTON HEIGHTS SUB
1202 PARKVIEW PARCEL: 33-01-01-22-176-431

LOT 75 HUNTINGTON HEIGHTS SUB
1207 SHEPARD PARCEL: 33-01-01-22-282-021

1216 WIELAND STREET PARCEL: 33-01-01-03-382-105

LOT 26 & N 20 FT LOT 25 WIELAND PARK SUB
1217 WHYTE PARCEL: 33-01-01-10-128-121

LOT 6 CUSHION REPLAT NO 2 REC L 29 P 2
1218 N HIGH STREET PATCEL: 33-01-0110-154-282

S 16.5 FT LOT F&N 64 FT LOT 4 BLOCK 1HANDY HOME ADD
1220 N HIGH STREET PARCEL: 33-01-01-10-154-282

S 16.5 FT LOT F&N 54 FT LOT 4 BLOCK 1HANDY HOME ADD

1223 WHYTE STREET PARCEL: 33-01-01-10-128-131


2011-017180 a 3419 P 1224 Pages'e of 16 Ingham County
DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENHELANSING MI 48933

1231 REGENT STREET PARCEL: 33-01-01-22-279-371



124 E HOWE AVENUE PARCEL: 33-01-01-01-251-221

LOT 123 SUPERVISORS PLAT OF WALKER HEIGHTS NO 1
1243 ALLEN STREET PARCEL: 33-01-01-22-281-111

LOT 111 PARKVIEW LAND CO ADD
1246 LATHROP STREET PARCEL: 33-01-01-22-258-121

LOT 46 EXC N 2 FT PARKVIEW LAND CO ADD

1435 PERKINS STREET PARCEL: 33-01-01-22-254-091

E 35 FT LOTS 423,424, 425, & 426 EXCELSIOR LAND COMPANY'S SUB

LOT 19 & S 42 FT LOT 20 BLOCK 1 HANDY HOME ADD

1529 NEW YORK AVENUE PARCEL: 33-01-01-10-153-341

LOT 13 BLOCK 3 HANDY HOME ADD

1636 N HIGH STREET PARCEL: 33-01-0110-107-071

S 21 FT LOT 14 & N 24 FT LOT 15 BLOCK 1 BALLARDS ADD
2212 TURNER STREET PARCEL: 33-01-01-04-454-045

COM 142.7 FT NW'LY FROM INT'N NE COR TURNER ST & MOSLEY AVE, TH E 120 PT,
NW'LY TO ELY LINE TURNER ST, S 120 FT , SE'LY 60 FT TO BEG; SEC 4 TAN R2W
2220 TURNER STREET PARCEL: 33-01-01-04454-042

COM 202.7 FT NW'LY FROM INT'N NE COR TURNER ST & MOSLEY AVE, THE 120 FT,
NW'LY LINE TURNER ST, W 120 FT, SE'LY SOFT TO BEG; SEC 4 T4N R2W
315 HYLEWOOD AVENUE PARCEL; 33-01-01-04-103-191

LOT 48 HYLEWOOD SUB
319 HYLEWOOD AVENUE PARCEL: 33-01-01-04-14-103-201

LOT 49 HYLEWOOD SUB

2011-017180 Et 3419 P 1224 Pages:7 of 16 Ingham County
405 N MAGNOLIA AVENUE PARCEL: 33-01-01-14-103-341

LOT 115 COLUMBIA PARK

412W FREDERICK AVENUE PARCEL: 33-01-01-04-103-091

422 HYLEWOOD AVENUE PARCEL: 33-01-01-04-102-111

LOT 39 HYLEWOOD SUB
429 COMMUNITY STREET PARCEL: 33-01-01-04-229-101

LOT 10 SUPERVISORS PLAT OF EASTERN HEIGHTS
SODS MIFFLIN AVENUE PARCEL: 33-01-01-14-379-221

LOT 289 SNYDERS SUB
512 FAIRFIELD AVENUE PARCEL: 33-01-01-14-379-181

LOT 293 & COMM NW COR LOT 293 TH S TO SW COR LOT 293, W 6 FT, N TO PT 5 FT W OF
BEG, E TO BEG; SNYDERS SUB

528 MAGNOLIA AVENUE PARCEL: 33-01-01-14-328-492

LOT 298, ALSO VAC ALLEY COM NW COR NOT 298, TH W 5 FT, 833 FT, E 5 FT, N 33 FT, TO BEG, LESLIE PARK
SUB
537 COMMUNITY STREET PARCEL 33-01-01-04-230-161

LOT 27 SUPERVISORS PLAT OF COMMUNITY HOME SITES

610 S HAYFORD AVENUE PARCEL: 33-01-01-14-359-361

LOT 149 LANDING ADDITION COMPANYS SUB REC L 5 P20
616 S FOSTER AVENUE PARCEL: 33-01-01-14-363-281

LOT 5 BROWNS SUB OF A PART OF OUTLOTS A AND B OF SNYDERS ADD
636 S HAYFORD AVENUE PARCEL 33-01-01.14-359-281

LOT 140 LANSING ADDITION COMPANYS SUB REC L 5 P20


811 N PENNSYLVANIA AVENUE PARCEL: 33-01-01-10-351-151

LOT 8 WILEYS SUB REC LIP 33

2011-017180 9:3419 P: 1224 Pages:8 of 16 Ingham County
DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE.L/kNSING MI 48933
813 N PENNSYLVANIA AVENUE PARCEL 33-01-01-10-351-151

LOT 8 WILEYS SUB REC L I P 33
935 DAKIN STREET PARCEL: 33-01-01-22-204-071

LOT 273 & S 2 FT LOT 272 EXCELSIOR LAND COMPANYS SUB
MI058 ADMINSTRATIVE OFFICES

The South 210 feet of Block 84, original Plat, City of Lansing, Ingham County, Michigan
MI107-33-01-01-31-427-011
S 12 A EXC E 190 FT OF NE IA OF SE 1A SEC 31 T4N R2W-LAROY FROH
1109 FERLEY STREET PARCEL: 33-01-05-05-276-076

E 53 FT OF N 110 FT LOT 24 SUPERVISORS PLAT OF PROSPERITY FARMS

W 55 FT OF E 108 FT OF N 110 FT LOT 24 SUPRVISORS PLAT OF PROSPERITY FARMS
121 W NORTHRUP STREET PARCEL: 33-01-05-04-330-131

COM 267 FT W OF CEN SEC 4, TH S 159.5 FT, W60 FT, N 159.5 FT, EGO FT TO BEG; SEC 4 T3N R2W
127W NORTHRUP STREET PARCEL: 33-01-05-04-330-141

COM 327 FT W OF GEN SEC 4, TH S 169.5 FT, WOO FT, N 159.5 FT, E 60 FT, TO BEG; SEC 4 T3N R2W
1610W MILLER ROAD PARCEL: 33-01-05-05-378-131

LOT 1 YORKSHIRE PARK SUB NO 1

1738W JOLLY ROAD PARCEL: 33-01-01-32-376-312

W 60 FT OF S 125 FT LOT 1 SUPERVISORS PLAT NO 4

COM 387 FT W OF GEM SEC 4, TH S 159.5 FT, W 69 FT, N 159.5 FT, E 69 FT TO BEG; SEC 4 T3N R2W
2400 POLLARD ROAD PARCEL: 33-01-01-05-06-427-062

8100 FT LOT 179 WEBSTER FARM SUB NO 3
2701 NEWARK AVENUE PARCEL: 33-01-05-06-455-195

LOT 3 NEWARD TERRACE
2707 NEWARK AVENUE PARCEL: 33-01-05-06455-199

LOT 2 NEWARK TERRACE

306 DADSON DRIVE PARCEL: 33-01-05----09426-159

LOT 21 BONNIE BLAIR ESTATES
308 DADSON DRIVE PARCEL: 33-01-5-09426-159


2011-017180 B: 3419 P: 1224 Pages:9 of 16 Ingham County
DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUELANSING MI 48933
314 DAMON DRIVE PARCEL: 33-01-05-09-326-157


E 1/2 LOT 45 MAPLE GROVE FARMS NO 1

E Ya LOT 45 MAPLE GROVE FARMS NO 1

W 1/2 LOT 45 MAPLE GROVE FARMS NO 1

WY: LOT 45 MAPLE GROVE FARMS NO 1

W 63 FT OF N 125 FT LOT 41 MAPLE GROVE FARMS NO 1
3525 W JOLLY ROAD PARCEL: 33-01-05-06-101466

E 60 FT W 63 FT OF N 125 FT LOT 41 MAPLE GROVE FARMS NO 1
400 DADSON ROAD PARCEL: 33.01-05-09426-166

4025 GLENBURNE BLVD PARCEL: 23-5-4-36-406-101

LOT 129 GLENBURNE SUB
4132 BALMORAL DRIVE PARCEL: 23-50-40-36-401421

LOT 233 GLENBURNE NO 5
4151 GLENBURNE BLVD PARCEL: 23-5040-36-405-001

4153 GLENBURNE BLVD PARCEL: 23-5040-36405-001

4206 COURTLAND DRIVE PARCEL: 23-50-4046402-081

4211 BALMORAL DRIVE PARCEL: 23-5040-36402-081


LOT 237 GLENBURNE NOB


4223 BALMORAL DRIVE PARCEL: 23-50-40-36-327-091

2011-017180 Ingham County MI Register of Deeds Page 9 01 16

2011-017180 B 3419 P 224 Pages 10 of 16 Ingham County
DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENULLANSING MI 489$3
4229 COURTLAND DRIVE PARCEL: 23-50-40-36-328-191







LOT 304 GLENBURNE NO $
4321 COURTLAND DRIVE PARCEL: 23-5040-36-328-241





LOT 261 GLENBURNE NO
4341 GLENBURNE DRIVE PARCEL: 23-50-40-36-329-061

4343 GLENBURNE DRIVE PARCEL: 23-50-40-36-329-061



4520 HUGHES STREET PARCEL: 33-01-0142-303-121

LOT 300 PLEASANT GROVE SUB
4638 CHRISTIANSEN ROAD PARCEL: 33-01-01-32-353-511


2011-017180 8: 3419 P: 1224 Pages of 16 Ingham County

4730 BALLARD ROAD PARCEL: 33-01-01-31-451-022

N 75 FT LOT 8 ECO FARMS

5018 STARR AVENUE PARCEL: 33-01-01-32-151-211


5325 S WAVERLY ROAD PARCEL: 33-01-05-06-151-035

N GOOF W 150 FT LOT 8 MAPLE GROVE FARMS NO 1

N 60 OF W 150 FT LOT 8 MAPLE GROVE FARMS NO 1
54198 WAVERLY ROAD PARCEL: 33-01-05-06-151-069

5421 S WAVERLY ROAD PARCEL: 33-01-05-06 151-069

5603 PICARDY STREET PARCEL: 33-01-05-06-477-002

N 60 FT LOTS 173 & 174 WEBSTER FARM SUB NO 3
5716 HAAG ROAD PARCEL 33-01-05-06-328-121

5800 DURWELL DRIVE PARCEL: 33-01-05-05-328-081

5801 SCHAFER ROAD PARCEL: 33-01-05-04-303-041

LOT 42 BURNETT SUB
5840 PHEASANT AVENUE PARCEL; 33-01-05-06-433-112

E 100 FT LOT 58 FT SUPERVISORS PLAT OF WEBSTER FARM SUB NO 2
5852 PHEASANT AVENUE PARCEL 33-01-05-06-432-072

LOT 39 EXC W 65 FT SUPERVISORS PLAT OF WEBSTER FARM SUB NO 2
6020 VALENCIA BLVD PARCEL: 33-01-05-05-377-206

LOT 27 VALLEAU CITY
6036 HAAG ROAD PARCEL: 33-01-05-05-379-151

6038 HAAG ROAD PARCEL: 33-01-05-05-379-151

10

2011-017180 8:3419 P: 1224 Pages:12 of 16 Ingham County
DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUEJANSING MI 48933
6042 HAAG ROAD PARCEL: 33-01-05-05-379-141

6042 HAAG ROAD PARCEL: 33-01-05-95-379-141

6048 HAAG ROAD PARCEL: 33-01-05-05-379-131

6050 HAAG ROAD PARCEL: 33-01-05-05-379-131


LOT 79 SUPERVISORS PLAT OF HOME OWNERS SUB
6061 SCHAFER ROAD PARCEL: 33-01-05-04452-151

6063 SOUTHBROOK AVENUE PARCEL: 33-01-05-05-431-291

LOT 3 SOUTHBROOK SUB
6065 SOUTHBROOK AVENUE PARCEL: 33-01-05-05-431-291

6101 GROVENBURG ROAD PARCEL: 33-01-05-08-101-3M

LOT 1 TARELTON SUB
6103 GROVENBURG ROAD PARCEL: 33-01-05-08-101-351

LOT 1 TARELTON SUB
6113 GROVENBURG ROAD PARCEL: 33-01-05-08401-361

LOT 2 TARELTON SUB

LOT 2 TARELTON SUB

LOT 3 TARELTON SUB

LOT 3 TARELTON SUB

LOT 4 TARELTON SUB

LOT 4 TARELTON SUB
6200 DAFT STREET PARCEL: 33-01-5-08-205-145

LOT 97 SOUTHFIELD

LOT 5 TARELTON SUB
11

2011-017180 B: 3419 P: 1224 Pa.ges:13 of 16 Ingham County

LOTS TARELTON SUB

LOT 6 TARELTON SUB

LOTS TARELTON SUB
6215 COOPER ROAD PARCEL: 33-01-05-08-102-031

N 1/2 LOT 28 SUPERVISORS PLAT OF MILLER ROAD FARMS

LOT 7 TARELTON SUB

Loll TARELTON SUB

N 1/2 OF 35 SUPERVISORS PLAT OE MILLER ROAD FARMS
6267 S WASHINGTON AVENUE PARCEL: 33-01-05-09-101-115

NO 60 FT LOT 54 SUPERVISORS PLAT OF MILLER ROAD FARMS
6270 COOPER ROAD PARCEL 33-01-05-09-101-155


LOT 33 EXC N 66 FT SUPERVISORS PLAT OF MILLER ROAD FARMS
6332 ROSEDALE ROAD PARCEL: 33-01-05-09-177-345

N 1/2 101 32 SUPERVISORS PLAT OF ELMWOOD ESTATES
6400 HILLIARD ROAD PARCEL: 33-01-05-09-152-341

LOT 80 SUPERVISORS PLAT OF RADIO ESTATES

LOTS SUPERVISORS PLAT OF RADIO ESTATES

6519 SOMMERSET ROAD PARCEL: 33-01-05-09-177-162

N 55 FT OF N 110 FT LOT 65 SUPERVISORS PLAT OF ELMWOOD FARMS

S 55 FT OF N 110 FT LOT 65 SUPERVISORS PLAT OF ELMWOOD FARMS
6923 RICHARD ROAD PARCEL; 33-01-05-09-377-051

6929 RICHARD ROAD PARCEL: 33-01-05-09-377-061

LOT 28 BONNIE I3LAIR ESTATES
12

2011-017180 B: 3419 P: 1224 Pages:14 of 16 Ingham County
AVENUE.LANSING MI 48933
DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION $10 SEYMOUR


902W MILLER ROAD PARCEL: 33-01-05-05431-311

LOT1 SOUTHBROOK SUB


$10 W MILLER ROAD PARCEL: 33-01-05-05431-301

WAREHOUSE
3337 REMY DRIVE PARCEL: 33-01-01-05-103-031
LOT 20 LANTEX INDUSTRIAL PARK SUB
MI112-33-01-01-29476-121 S WASHINGTON PARK

PART OF SE IA SEC 29 & SW IA SEC 28 COM AT SE COR LOGAN CREST SUB, TH 531 DEG 07MIN 055SCD W
145.18 FT
592.07 FT ON W LINE WASHINGTON AVE 33 FT FROM CL, N 58 DEG 52 MIN 55SCD W 108.55 FT, WLY
ALONG CURVE TO LT WHOSE RADIUS IS 333 FT & WHOSE CHORD BEARS N 71 DEG 22 MIN 18SCD W 144,03
FT, N 161.34 FT, N EXIDEG 52 MIN 39SCD W 38.98 FT, N 00 DEG 01 MIN 40 SCD E 244.58 FT, S 89DEG 52 MIN
01SCD E 574.42 FT TO BEG; SEC 29 T4N R2W SEC 29 TAN R2W
1001 BELAIRE AVENUE PARCEL: 33-01-01-32479-131

LOT 9 DELRAY MANOR
1003 BELAIRE AVENUE PARCEL: 33-01-01-32-479-131

LOT 9 DELRAY MANOR
1007 BELAIRE AVENUE PARCEL: 33.01-01-32-479441

LOT 10 DELRAY MANOR

LOT 10 DELRAY MANOR
1724 IRVINGTON AVENUE PARCEL: 33-01-01-34-228-051

LOT 54 SUPERVISORS PLAT OF CHERRY HILL
1904 HOYT AVENUE PARCEL: 33-01-01-27-476-062

LOTS 64, 65, 66, & 67 GOODHOME SUB
2113 FOREST ROAD PARCEL: 33-01-01-23-101-101

COM 364 FT E OF W 1/4 POST, TH N 660 FT, E 296 FT, 660 FT, W 120 FT, N 200 FT, S 200 FT, W 80 FT TO BEG;
SEC 26 TAN R2W
2225 DUNLAP STREET PARCEL: 33-01-01-30-477-221

LOT 4 BLOCK 2 DEWITIS SUB
13

2011-017180 9:3419 P 224 Pages:15 of 16 Ingham County
SEYMOUR AVENUELANSING MI 48933

DECIARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310
2328 CLIFTON AVENUE PARCEL 33-01-01-270179-121

LOT 221 SOUTH GARDENS NO 2
2418 HERRICK DRIVE PARCEL: 33-01-01-30-476-331

W 101 FT LOT 409 PLEASANT GROVE SUB NO 1

E LOTS BLOCK 3 DEWITTS SUB
2531 DIER STREET PARCEL: 33-01-01-35-326-091

LOT 24 SONNYBROOK PLAT
2600 DUNLAP STREET PARCEL: 33-01-01-30427-051

LOT 9 BLOCK 4 DEWITTS SUB
2601 WABASH ROAD PARCEL: 33-01-01-26452-021

LOT 52 LEAWOOD SUB

2609 DIER STREET PARCEL 33-01-01-035-326-111

2613 WABASH ROAD PARCEL: 33-01-01-26-452-031.

LOT 51 LEAVVOOD SUB
2615 DUNLAP STREET PARCEL: 33-01-01-30476401

2716 FIRESIDE DRIVE PARCEL: 33-01-01-26452491

LOT 35 LEAWOOD SUB
310 DENVER AVENUE PARCEL: 33-01-01-28-405371

E 26 FT LOT 19 & W 16.5 FT LOT 18 ELM VIEW SUB
3107 STABLER STREET PARCEL: 33-01-01-28-332-081

ELY ON A PROJECTIN OF S LINE SAID LOT
LOT 70 & COM NE COR LOT 70, TH SE'LY 50 FT TO SE COR LOT 70,
FROM E'LY LINE SAID LOT, W'LY 25.6510 BEG;
25.65 FT, NW'LY 50 FT ALONG A LINE PAR L & 25 FT DISTANT
HOLMESDALE SUB
3121 VIKING ROAD PARCEL; 33-01-01-30-476-061

LOT 449 PLEASANT GROVE SUB NO 1
319 FENTON AVENUE PARCEL: 33-01-01-33-254-071

LOTUS JESSOPS HOME GARDENS SUB

LOT 86 JESSOPS HOME GARDENS SUB
3207 MALONEY STREET PARCEL: 33-01-01-30477-071

3213 AVALON STREET PARCEL: 33-01-01-30-476-321

PLEASANT GROVE SUB NO 1
N 40 EXC E 66 FT LOT 410 ALSO W 101 FT OF S 30 FT LOT 410
14

2011-017180 8:3419 P. 1224 Pages:16 of 16 Ingham County

326 FENTON AVENUE PARCEL: 33-01-0143-254-081

3509 BURCHFIELD DRIVE PARCEL: 33-01-01-32-226412

LOT 53 SUPERVISORS PLAT OF BURCHFIELD SUB
3619 WILDWOOD AVENUE PARCEL: 33-01-01-33-231-011

LOT 295 MAPLE HILL
3622 BURCHFIELD DRIVE PARCEL: 33-01-01-32-226-341

LOT 45 & S % LOT 46 SUPERVISORS PLAT OF BURCHFIELD SUB
4106 LOWCROFT AVENUE PARCEL: 33-01-01-32-278-191

LOT 63 FOSTER S HOLMES ROAD SUB
4900 TERRY STREET PARCEL: 33-01-01-33-353-281

LOT 12 EXC N 50 FT SUPERVISORS PLAT OF BROOKDALE SUB

CIN 25 FT W & 264 FT N OF SE COR SEC 32, TH W 222.44 FT, N 66 FT, E 222.44 FT, S 66 FT TO BEG; SEC 32 T4N
R2W

COM 25 FT W & 198 FT NO OF SE COR SEC 32, TH W 222 FT, N 66 FT, E 222 FT, ST BEG; SEC 32 T4N R2W
630 ARMSTRONG ROAD PARCEL: 33-01-01-05-04-276451

LOT 20 CEDARWAY HOMESITES

700 JESSOP AVENUE PARCEL: 33-01-05-34-168-001

LOT 457 MAPLE HILL
942 VINCENT COURT PARCEL: 33-01-01-32476-041

S 140 FT LOT 43 SONNENBERGS HALF ACRE SUB
944 VINCENT COURT PARCEL: 33-01-01-32-476-041

15

11111111111111
0 3 6 6
I 26
10/5/2011 9:54 00 AM
Drat Le:a by : Dona L. DaVenpo t

'AdigfrHistrative
Noun ing
Secretary..
thamm its ion
2011-036119
Lansing
CURTIS HERTEL IR
4061 Jenks Highway INGHAM COUNTY M/CHIGAN
Charlott e M/ 48E113 REGISTER OF DEEDS
RECORDED ON:
10/06/2011 3:44 PM
PAGES: 16
U.S. Department of Housing OMB No. 2577-0 270

duel aratio n .of Trust and Ufhan'OrweloWnon1 exp. 09/20/2013
(Public Housing MOtternizelian Grant Projects) Office et Public and Indian Housing
NVIle'reaS, (I: sec instructions) Clly aftonsImpthrouql: Its Lansing FlouSinu ooromission
pursuant to ad in accordance with dm
(herein called the gob lic Housing Addney (P Un) it public body corporate and politic duly created and organ Wed
Stald.of and
provisigns`of the lows of Ow (2)
pu mann p hg Untied states Hous mg Act of '037
rhe United States of.Anwrica, Secretary OfFlOuSing and Dthr0I' 00velnPment (herein caled'HUD)
oilousiog godUr:Inn Development Act (50.S C 64) entered into a certain eontraci WI C], effective.
(42 HS.C. )421, et seq.) and the Department m
03/21(1971 . Hiereen willed the Annual Contributions Conne ct) and a certhin Modeization
rn Project Oni'
date as of (mm/delryYY);) (3).
0B/11/2011 (heroin culkd lie
AmeOn:ere m Me,Annuid Contributions Collttnel vI Iii:Pie cadet Lve :date as of (npnicld/yyyy) (al)
incomaltousing pro)ec1s :Ind
rdrrniMtion Grunt Amen:Intent) providing for aigrant lo be made by •10113 to essist the IH'IA in Modernizing lower
Arnendmonr and the Annual Hentrigutions Contract cover
NYItercas.es of Mc date orate oh:Outten of Otte neclarntion of TAW bAhe Modernization Urjnt
certfito 11th' dual lay. cc inanne honstnipprojectq.loctupd 110.(5) City Mit:nosing County of Ingham. Malian, Michigan
which will browde approximately (6) 836 rhVelling tin or ond much lower incorne 110: S ing.: roj ee t s oro blowows'rdederniratiOn
Project -N o. (7) MI32P0585011.1 .wtindivithil
and a grejfels.as folleWs:
Project No ea) ih approxi mmelY dwellingunits .
PrOject No. (8) %pith approximately 4wei , n g uni ts a n d
with apprelximately dwelling units; and
Project Na;(8)
grant assistance prdvideg by Milo.
When as, die modernization or cacti I rojcdt will have beeti nIMIIICCti with
Ill therMademizmion Onint.ARICI.ClitiCOCAIRg Ow Annted
Now TI, cretin ee, to assure- HUD.of the parfarmitnee by the PI IA or the doveitanis:Epntained
bee ern ofHUG, for tbe purposes:erein;
Comnbut.ons Gong:lobthe PHA does hereby ackbowiddge and di:el:n°.111.110 iv possess...el of andltake in tryst for the
statedethe followmg clew rtbea Mal property SilUlittal in: (9)
City of Lansing County of Ingham State ci Miehlgan
Ti, VU, (Insect description for cacti individual project. )(10)

See'attached Het
and all buirdifigs rind imtuim erected or '<Om c rdcitti tligrcoo or appurtenant thereto.
created; RUF) has been granted and Is possessed of an Illicicst
'pre PHA hereby declares ond acknowigdggsdhat during the existence of the trust hereby
India aboc.o.d °scribed PlOSC, propepy, To Mgt:
transfenting, conveying. asomning, loasgig. MOrtgag Mg,
The right to CI:Ertl:re the PHA todemain seized of tho.mic to.said property and to ecfran fon:
lqase, mortgage, pledge or GberecneunThraci cc orsaici
pledging, or.otherwMe er cumbering or permuting or glIrreri:ig nny,transfer, cOnYeyance,o9signrnenb
thereto nny rent, revenues, Picotne, or rccelpis thcrefrotri or in colinc4 or: therewith, Or nayDeMc benefits
property or any dart thereat op pu nenances
Grant Amendment end Me Anneal CobtrIbutions,Contraed, or aoy interest in any of the sc:nw
or contributions grained to it by of pursunin to thc elodernization
focI hi,
xcrpi ihm the pHA may cH in Om exibit and In manner provided in the A nnwriContributions Contract, (a) IcasedwAllingSandothempacesdmd
grObgexc eel to the needs.of any:Projoct: or (c) co nvcy
in any Project. or (b)cknvey or mho ow iso dispose of:lay cal or dereanal propertyWhich is deterrriblefl
establishMenl, operaiion. and matti:emmegpf public utilities
or dedlor te end for use as streets, etleyn p or other oohed right o I tteay. and granteasements fertile
perform contracts for he snit: of dwelling too e 16 Meddlers or tenant fount ke asieuthorized by Mc paced Statcs.Hoe sing Act or 37.
Or (el) enter into and
or d2) teth Otc spprosal of HUD. rcleascllny Project Horn Mc tnist heraby c rested Pro vide el, TIM nothing herein c,ontairicd.shall be'conctruLdgs.prolubning
the Annual Contributions Contract,
the conveyance a °tie to or the dclivery.of poss'essioh atone Project ire IIIJD pursuant to
die,zadorshincituby a duly authorized an ctr,.:Di 'SD (I) upon aby conveyance or transfer made hy the Pi Intidfanyr.88r nlaglisitsaorlasti Pf9)e ily whlell
lie rGGIS.01:1ssy Projpel: pr (2) uppn any i ns In:int:01 of conveyanec or dedication or properly 0 1..c98 Ly. re there in.f ar ue s
is chic:mined :COOP CCSN
utilities. or .01 0 pa n nny,m5Intment pansfe ping
as street}, alleys, mother publierighirdtwity, or for Mc careblisitincitt. operallOn anti:mai:Penance of Mita lie
01 upon any instrument of release merle by the FDA ol j nY/Proj"t
Or conk:Cy:lig a alp citing milt: or nif irneret':hereln, to a membera( tutentl famil):, or (4)
shall be effective to i clanw'ski cii property from the if-051. keret)). premed.
Declaration of frust lore period of twenty yearoliegmoing art
The Individual projectseoveNdby.the Modemialti on Gmut Amendment shalt be subject in !Ins
this Eeclaraticat of aletidlor alpedo3oftwennr 'Ilien tlieGlie
bed, 0 afMie Ntedcrdeation Sealy Amendment. Loci tudiv dualprdject shall also be subicelid
p ain: neicajnent antAicablb toll:al project. Upon expi ninon of the.perlod aired; which Mu NIA is obligated Wiener-tic Ole
of Mc most r8FFilt MOW:Mention
lonteUlidafective.
individpal projeeisin accordance with the Annual eentribuliotis Contract, the east hereby created diva, terminate and no
ill Witnessinthereof, the PHA by us officers thormili10 duly aittlionzed hes caused Mete prenents ta be signed in its name end its cinnamic idal to be
hereunto al edam! attested th ls dine (inroradeywye) 16/03/031
(Scat) (I, eau insin:el:0ns)
DONA L. DAVENPORT'
NOTARY PUBLIC STATE OF MICHIGAN
COUNTY OF EATON rNCIn
My Commission Expires Apr030, 2014 Tm%:6-±261VUU
Milne In the county of -7,/€511 ci/r: /men 1.2a-tit.t "BG•ill'e9-SCCrclary.
/ Intie(nleilddryyni) 10/03/2011
ref. I tendbOok 7485 1 orrn riMD:52uiEpo uipo)
2011-036119 Ingham County MI Register. uf Deeds Page 1 of 16

, DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR
AVENUE LANSING MI 48933
M1058102 PARCEL: 33-01-01-06-143-021
LOT 2 EXC COM SE COR, TH N 88DEG 51MIN
368CD W 218.69 FT, W 118.46 FT ON A 633 FT 1tAD CURVE
LEFT WHOSE LONG CHORD BEARS S 85DEG TO THE
46MIN 45SCD W 118.29 FT, N 01DEG 45MIN 39SCD E 210
33DEG 57MIN 40SCD E 156.11 P1,8 88DEG 14MIN FT, N
21SCD E 195 FT, S 01DEG 46MIN 39SCD W 139.12 FT, S,
880EG 19MIN 395C0 E 56.1 FT, $ 01DEG 18MIN 24SCD
W 188.37 FT TO BEG; MOUNT VERNON PARK
3800 WILSON AVE PARCEL: 33-01-01-06-103-020
COM SE COR LOT 2, TH N 880EG 51MIN 36SCD W 218.69 FT,
W 118.46 FT ON A 633 FT RAD CURVE TO THE
LEFT WHOSE LONG CHORD BEARS S 850E6 46MIN
455C0 W 118.29 FT, N 01DEG 45MIN 398C0 E208.25 FT, N
33 DEG 57 MIN 40SCD E 156.11 FT S 88DEG 14 MIN 21SCD E
195 FT, S 01DEG 45 MIN 39SCD W 539.12 FT, S
88DEG 19MIN 395C0 E 56.1 FT, S 01DEG 18MIN 24SCD
W 188.37 FT TO BEG; MOUNT VERNON PARK
1108 ONTARIO PARCEL: 33-01-01-08-206-212
LOT 137 & WS FT LOT 138, ALSO E 9 FT OF LOT 136
& W62 FT OF S 18 FT LOT 174 NORTH HIGHLAND SUB
1125 GLENN STREET PARCEL: 33-01-01-08-407-321
LOT 8 GLENN ST SUB
1317 CHRISTOPHER PARCEL: 33-01-01-09-061

1338 CHRISTOPHER PARCEL: 33-01-01-09-156-021

1401 HILLSDALE STREET PARCEL: 33-01-01-17-386-061

LOT 56 MCPHERSONS HEATHRWOOD SUB NO 2
1405 MARTIN LUTHER KING BLVD PARCEL: 33-01-01-08-206-216

LOT 139 & E 31FT OF LOT 138 & e 70 FT OF S 18 FT LOT 174 NORTH HIGHLAN
D SUB
1447 ROBERTSON AVE PARCEL: 33-01-01-08-205-111
1449 COMFORT PARCEL: 33-01-01-08-128-263

S 66 FT OF E 17325 FT LOT 11 ASSESSORS PLAT NO 11
1501 COMFORT PARCEL: 33-01-01-08-128-265

N 66 FT OF $132 FT OF E 173.25 FT LOT 11 ASSESSORS PEAT NO 11

LOT 33 EXC S 12 FT ALSO S 20 FT LOT 34 NORTH HIGHLAND SUB
1507 COMFORT STREET PARCEL: 33-01-01-08-128-267


LOT 35, ALSO LOT 34 EXC S 20 FT NORTH HIGHLAND SUB
1513 COMFORT PARCEL: 33-01-01-08-128-269

565 FT OF E 173.25 FT LOT 12 ASSESSORS PLAT NO 11

LOT 184 & N 16.5 FT LOT 185 KNOLLWOOD PARK
1717 GLENROSE AVENUE PARCEL: 33-01-01-08-127-451

LOT 27 ASSESSORS PLAT NO 12

2109 DARBY DRIVE PARCEL: 33-01-01-06.455-171

2700 WESTBURY RD PARCEL: 33-01-01-06-428-008

SLY 120 FT OF:COM SE COR DELTA RIVER DR & WESTBURY RDS, TH S263.6 FT, NE'LY 102.35 FT ON N LINE
LOT 1 DELTA HEIGHTS SUB, N 237.7 FT TO S LINE DELTA RIVER OR, SWLY 102.3 FT TO BEG; SEC 6 T4N R2W
2840 CYNWOOD PARCEL: 33-01-01-05-422-031


3025 SHEFFER PARCEL: 33-01-01-06-127-214

LOT 42 WESTMONT SUB

3013 YOUNG AVE PARCEL: 33-01-01-06-177-175


3025 SHEFFER PARCEL: 33-01-01-06-127-214

LOT 42 WESTMONT SUB
3101 SHEFFER PARCEL: 33-01-01-06-127-204

LOT 41 WESTMONT SUB
3108 TECUMSEH AVE PARCEL: 33-01.01-05-182-031

LOT 111 M MITSHKUN SOAK GROVE SUB NO 2


3309 WESTMONT PARCEL: 33-01-01-06-128-211

LOT 87 WESTMONT SUB

LOT 86 WESTMONT SUB

N 62 FT OF W 115.5 FT LOTS BLOCK 72•ORIG PLAT

N 62 FT OF W115.5 FT LOT 8 BLOCK 72 ORIG PLAT
• 527W MAPLE STREET PARCEL: 33-01-01-09-307-001

W 1/2 LOT 12 BLOCK C SUB OF BLOCKS 26 & 27 ORIG PLAT
2011-036119 Ingham County MI Register of Deeds Pup 3o116

DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE.IANSING MI 48933

W115.5 FT LOT 7 & W 115.5 FT OF S 4 FT OF LOT 8 BLOCK 72 ORIG PLAT

W 115.5 FT LOT 7 81W 115.5 FT OF S 4 FT OF LOT 8 BLOCK 72 ORIG PLAT
506 N CHESTNUT STREET PARCEL: 33-01-0146-108-072


M1058103 PARCEL: 33-01&1-04-176-041

LOT 106 SUPREVISORS PLAT OF WALKER HEIGHTYS NO 1 ALSO COM El/8 POST SEC 4, W'LY ALONG STY
LINE OF FAIRFIELD GARDEN SUB 810.10 FT, S ODEG 32 MIN 05SCD E ALONG ELY LINE TURNER SYT 440 FT, N
890EG 40MIN 40SCD E 805,99 FT, N TO BEG; SEC 4 T4N R2W HILDEBRANT PARK
1009 SHEPARD PARCEL: 33-01-01-22-230-071

1013 SHEPARD PARCEL: 33-01-01-22-230-081







LOT 164 & NIA LOT 163 CITY PARK SUB
1113 DAKIN PARCEL: 33-01-01-22-253-041





2011-036119 Ingham County MI Register of Deeds Page 4°f 16

DECLARATION,OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUEIANSING MI 43933

1127 HICKORY STREET PARCEL; 33-01-01-15-376-191

1127 LESLIE STREET PARCEL: 33-01-01.22-278-191


L01155 CITY PARK SUB





1200 PARKVIEW AVENUE PARCEL; 33-01-01-22-176-441

COM NW COR LOT 75, TH W SOFT, S ODEG 37MIN W 104.5 FT, E SOFT, N TO BEG; HUNTINGTON HEIGHTS SUB
1202 PARKVIEW PARCEL: 33-01-01-22476-431

1207 SHEPARD PARCEL: 33-01-01.22-282-021,

1216 WIELAND STREET PARCEL: 33-01-01-03-382-105

1217 WHITE PARCEL: 33-01-01-10-128121

1218 N HIGH STREET PATCEL: 33-01-0110-154-282

S 16.5 FT LOT F&N 54 FT LOT 4 BLOCK 1 HANDY HOME ADD

816.5 FT LOT F&N 54 FT LOT 4 BLOCK 1 HANDY HOME ADD

1223 WHYTE STREET PARCEL: 33-01-01-10-128-131


DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE LANSING MI 48933




124 E.HOWE AVENUE PARCEL: 33-01-01-01-251-221

LOT 123 SUPERVISORS PLAT OF WALKER HEIGHTS NO 1

LOT 111 PARKVIEW LAND'CO ADD
1246 LATHROP STREET PARCEL: 33-01-01-22-258-121


1435 PERKINS STREET PARCEL: 33-01-01-22-254-091

E 35 FT LOTS 423424:425, & 426 EXCELSIOR LAND COMPANYS SUB
1518 N HIGH STREET PARCEL; 33-01-01-10-154-112


1529 NEW YORK AVENUE PARCEL: 33-01-01-10-153-341


L0113 BLOCK 3 HANDY HOME ADD
1636 N HIGH STREET PARCEL: 33-01-0110-107-071

821 FT LOT 14 & N 24 FT LOT 15 BLOCK 1 BALLADS ADD

NW'LY TO ELY LINE TURNER ST, S 120 FT, SE'LY 60 FT TO BEG; SEC 4 TAN R2W
2220 TURNER STREET PARCEL: 33-01-01-04, 454-042

NW'LY LINE TURNER ST, W 120 FT, SE'LY 60 FT TO BEG; SEC 4 T4N R2W

LOT 48 HYLEWOOD SUB
319 HYLEWOOD AVENUE PARCEL: 33-01-01-04-14-103-201

LOT 49 KYLEWOOD SUB
2011-036119 Ingham County MI Register0f Deeds Page 6 of 16



412W FREDERICK AVENUE PARCEL: 33-01-01-04-103-091


LOT 39 HYLEWOOD SUB

500-S MIFFLIN AVENUE PARCEL: 33-01-01-14-379-221

LOT 289 SNYDERS SUB
512 FAIRFIELD AVENUE PARCEL: 33-01-01-14-379-181

LOT 293 84 COMM NW COR LOT 293, TH S TO SW COR LOT 293, W 5 FT, N TO PT 5 FT W OF

528 MAGNOLIA AVENUE PARCEL: 33-01-0144-328492

LOT 298, ALSO VAC ALLEY COM NW COR NOT 298, TH W 5 FT, S 33 IT, E 5 FT, N 33 FT, TO BEG, LESLIE PARK
SUB

541 COMMUNITY STREET PARCEL; 33-01-01-14-359-361


LOT 149 LANDING ADDITION COMPANYS SUB REC L 6 P 20
616 S FOSTER AVENUE PARCEL: 33-014144-363-281

LOTS BROWNS SUB OF A PART OF OUTLOTS A AND B OF SNYDERS ADD

LOT 140 LANSING ADDITION COMPANYS SUB REC L 5 P 20


LOT138 LANSING ADDITION COMPANYS SUB REC L 5 P20

LOTS WILEYS SUB REC L 1 P 33
2011-036119 Ingham County MI Register of Deeds Page 7 o116

DECLARATION. OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE.tANSING MI 48933

LOT B WILEYS SUB REC L 1 P 33

LOT 273 8. S 2 FT LOT 272 EXCELSIOR LAND COMPANY'S SUB
MI058 ADMINSTRATIVE OFFICES

The South 210 feet of Block 84, original Plat, City of Lansing, Ingham County, Michigan
MI107-33-01-01-31-427-011 - 100
S 12 A EXC E 190 FT OF NE Y. OF SE 1/4 SEC 31 T4N R2W-LAROY FROH


W 55 FT OF E 108 FT OF Nib0. FT LOT 24.SUPRVISORS PLAT OF PROSPERITY FARMS

COM 267 FT W OF CEN SEC 4, TH S 159.5 FT, W60 FT, N 159.5 FT, E 60 FT TO BEG; SEC 4 13N R2W

COM 327 FT W OF CEN SEC 4, TH S 159.5 FT, WOO FT, N 159.5 FT, E 60 FT, TO BEG; SEC 4 T3N R2W

Loll YORKSHIRE PARK SUB NO 1



COM 387 FT W OF CEN SEC 4, TH 8159.5 FT, W69 IT, N 159.5 FT, E 69 FT TO BEG; SEC 4 T3N R2W

S 100 FT LOT 179 WEBSTER FARM SUB NO 3
2701 NEWARK AVENUE PARCEL: 33-01-05-06455-195

LOT 3 NEWARD TERRACE


306 DADSON DRIVE PARCEL: 33-01-05-09-326-159

308 DADSON DRIVE PARCEL: 33-01-5-09-326-159 ,

2011-036119 Ingham County MIRegister of Deeds Page 8 of 16

314 DADSON DRIVE PARCEL: 33-01-05-09-326-157


E % LOT 45 MAPLE GROVE FARMS NO 1
3415 W JOLLY ROAD PARCEL: 33-01-05-06-126-252

E 1/2 LOT 45 MAPLE GROVE FARMS NO 1


3517 W JOLLY ROAD PARCEL: 33-01-05-06401-154


400 DADSON ROAD PARCEL: 33-01-05-09-326-155


L01129 GLENBURNE SUB


4153 GLENBURNE BLVD PARCEL: .23-50-40-36-405-001








DECLARATION.OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE.LANSING MI 48933






LOT 263 GLENBURNE N05



• 4329 GLENBURNE BLVD PARCEL: 23-50-40-36-329-081

• .LOT 307 GLENBURNE NO 5
• 4330 GLENBURNE BLVD PARCEL: 23-5040-36-328-011


4341 GLENBURNE DRIVE PARCEL: 23-5040-36-329-061




4520 HUGHES STREET PARCEL: 33-01-01-32-303-121


LOT /83 PLEASANT GROVE SUB


4730 BALLARD ROAD PARCEL: 33-01-01-31451-022

4911 CHRISTIANSEN ROAD PARCEL; 33-01-01-32-376-201



5325$ WAVERLY ROAD PARCEL: 33-01-05-06-151-035


54198 WAVERLY ROAD PARCEL: 33-01-05-06-151-069

W150 FT OF N 66 FT LOT 11 MAPLE GROVE FARMS NO 1


5716 HAAG ROAD PARCEL: 33-01-05-06428-121

5800 DURWELL DRIVE PARCEL: 33-01-05-05-328-081


LOT 42 BURNETT SUB
5840 PHEASANT AVENUE PARCEL: 33-01-05-06-433-112

E 100 FT LOT SOFT SUPERVISORS PLAT OF WEBSTER FARM SUB NO 2
5852 PHEASANT AVENUE PARCEL: 33-01-05-06-432-072


LOT 27 VALLEAU CITY
6036 HAAG ROAD PARCEL: 33-01-05-05-379-151

6038 HAAG ROAD PARCEL: 33-01-05-05-379-151

10
2011-636119 Ingham County ND Register of Deeds Page 11 of 16

6042 HAAG ROAD PARCEL: 33-01-05-05-379-141

6042 HAAG ROAD PARCEL: 33-01-05-05-379-141

6048 HAAG ROAD PARCEL: 33-01-05-05-379-131

6050 HAAG ROAD PARCEL: 33-01-05-05479-131

6056 SCHAFER ROAD PARCEL: 33.01-05-04-352-141


6063 SOBTHBROOK AVENUE PARCEL: 33-01-05-05-431-291

6065 SOUTHBROOK AVENUE PARCEL: 33-01-05-05431-291


LOT 1 TARELTON SUB

LOT 1 TARELTON SUB

LOT 2 TARELTON SUB

LOT 2 TARELTON SUB

LOTS TARELTON SUB

LOT 3 TARELTON SUB

LOT 4 TARELTON SUB

LOT 4 TARELTON SUB
6200 DAFT STREET PARCEL: 33-01-5-08-205-145

LOT 97 SOUTHFIELD

LOTS TARELTON SUB
11

DECLARATION,OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUEtANSING MI 48933

LOT 5 TARELTON SUB

LOT 6 TARELTON SUB

LOT 6 TARELTON SUB

N 'A LOT 28 SUPERVISORS PLAT OF MILLER ROAD FARMS
6215 GROVENBURG ROAD PARCEL: 33-D1-05-08-101-141

LOT 7 TARELTON SUB

LOT 7 TARELTON SUB

N OF 35 SUPERVISORS PLAT OF MILLER ROAD FARMS



LOT 33 EXC N 66 FT SUPERVISORS PLAT OF MILLER ROAD FARMS
6332 ROSEDALE ROAD PARCEL: 33-01-05-09-177-345

N 'A LOT 32 SUPERVISORS PLAT OF ELMWOOD ESTATES
6400 HILLIARD ROAD PARCEL: 33-01-05-09-152341





N55 FT OF N 110 FT LOT 65 SUPERVISORS PLAT OF ELMWOOD FARMS


12
2011-036119 Ingham County MI Register of Deeds L'oge l3of 16




904W MILLER ROAD PARCEL: 33-01-05-05,431-311


910W MILLER ROAD PARCEL: 33-01-05-05,4317301

LOT 2 SOUTHBROCiK SUB
WAREHOUSE
3337 REMY DRIVE PARCEL: 33-01-01-05-103-031
MI112-33-01-01-29-476-121 S WASHINGTON PARK

PART OF SE 1/4 SEC 29 & SW 1/4 SEC 28 COM AT SE COR LOGAN CREST SUB, TN S 31 DEC 07MIN 055SC0 W
592.07 FT ON W LINE WASHINGTON AVE 33 FT FROM CL, N 58 DEG 52 MIN 555C0 W 108.55 FT, W'LY 145.18 FT
ALONG CURVE TO LT WHOSE RADIUS 15 333 FT & WHOSE CHORD BEARS N 71 DEG 22 MIN 18SCD W 144.03
FT, N 161.34 FT, N 89DEG 52 MIN 39SCD W 38.98 FT, N 00 DEG 01 MIN 40 SCD E 244.58 FT, S 89DEG 52 MIN
01SCD E 574.42 FT TO BEG; SEC 29 T4N R2W SEC 29 T4N R2W

LOT 9 DELRAY MANOR

LOT 9 DELRAY MANOR

LOT 10 DELRAY MANOR

LOT 10 DELRAY MANOR


2113 FOREST ROAD PARCEL; 33-01-01-23-101-101

COM 364 FT E OF W 1/. POST, TH N 660 FT, E 296 FT, 5660 FT, W 120 FT, N 200 FT, S 200 FT, W 80 FT TO BEG;
SEC 26 T4N R2W

13

DECLAPATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE LANSING MI 48933
2328 CLIFTON AVENUE PARCEL: 33-01-01-270179-121

LOT 221 SOUTH GARDENS NO 2
2418 HERRICK DRIVE PARCEL; 33-01-01-30-476-331

W101 FT LOT 409 PLEASANT GROVE SUB F401

E 1/2 LOT 8 BLOCK 3 DEWITTS SUB



LOT 52 LEAWOOD SUB



LOT 51 LEAWOOD SUB

2716 FIRESIDE DRIVE PARCEL: 33-01-01-26452-191

LOT 35 LEAWOOD SUB
310 DENVER AVENUE PARCEL: 33-01-01-28-405-371

E 26 FT LOT 19 & W 16.5 FT LOT 18 ELM VIEW SUB

ON A PROJECTIN OF S LINE SAID LOT
LOT 70 & COM NE COR LOT 70, TH SE'LY 50 FT TO SE COR LOT 70, ELY
ELY LINE SAID LOT, WILY 2&65 TO BEG;
25.65 FT, NW'LY 50 FT ALONG A LINE PAR L & 25 FT DISTANT FROM
HOLMESDALE SUB
3121 VIKING ROAD PARCEL: 33-01-01-30476-061



3207 MALONEY STREET PARCEL: 33-01-01-30-477-071

3213 AVALON STREET PARCEL: 33-01-01-30476-321

T GROVE SUB NO 1
N 40 EXC E 66 FT LOT 410 ALSO W 101 FT OF 30 FT LOT 410 PLEASAN
14
2011-036119 Ingham County MI Regis of Deeds Page IS of 16

DECLARTICIA/ OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE LANSING MI 48933



3619 WILDWOOD AVENUE PARCEL: 33-01-01-33-231-011

LOT 295 MAPLE HILL

LOT 45 & S 1/2 LOT 46 SUPERVISORS PLAT OF BURCHFIELD SUB

LOT 63 FOSTERS HOLMES ROAD SUB
4900 TENNY STREET PARCEL: 33-01-01-33-353-281

LOT 12 EXC N SOFT SUPERVISORS PLAT OF BROOKDALE SUB
50185 WASHINGTON AVENUE PARCEL: 33-01-01-32-481-212

CIN 25 FT W & 264 FT N OF SE COR SEC 32, TN W 222.44 FT, N 66 FT, E 222.44 FT, S 66 FT TO BEG; SEC 32 MN
R2W
50245 WASHINGTON AVENUE PARCEL: 33-01-01-32-481-201

COM 25 FT W & 198 FT NO OF SE COR SEC 32, TN W 222 FT, N 66 FT, E 222 FT, ST BEG; SEC 32 T4N R2W
630 ARMSTRONG ROAD PARCEL: 33-01-01-05-04-276-151


700 JESSOP AVENUE PARCEL: 33-01-05-34-158-001

LOT 457 MAPLE HILL
942 VINCENT COURT PARCEL: 33-01-01-32-476-041

944 VINCENT COURT PARCEL: 3341-01-32476-041

15
2011-036119 Ingham County MI Register of Deeds Fop 16 o116

Prepared by:
Thomas L Lapka
Mallory, Lapka, Scott & Selin, PLLC
Lansing, MI 48933
After recording return to:

Douglas E. Fleming
419 Cherry Street
Lansing, MI 48933
PARTIAL RELEASE OF DECLARATIONS OF TRUST
SECTION 18 DISPOSITION
This Partial Release of Declaration of Trust ("Release") is executed on

2022, by the United States of America, acting by and through the Secretary of Housing and Urban
Development ("HUD"), for the purpose of releasing the property described on the attached Exhibit
A from the effects and operation of the following Declarations of Trust ("Declarations of Trust")
given by Lansing Housing Commission:
Declaration of Trust dated January 28, 1992 by PHA to HUD and recorded on
February 25, 1992 in the Land Records of 1937, Page 368 in County of Ingham,
Michigan.
Declaration of Trust dated October 21, 1992 by PHA to HUD and recorded on
January 21, 1993 in the Land Records of 2031, Page 579 in County of Ingham,
Michigan.
Declaration of Trust dated July 14, 2010 by PHA to HUD and recorded on April
26 2011 in the Land Records of 3419, Page 1224 in County of Ingham, Michigan.
Declaration of Trust dated August 11, 2011 by PHA to HUD and recorded on
October 6, 2011, in Instrument Number 2011-036119, County of Ingham,
Michigan.
Pursuant to that certain approval, executed by HUD on , as amended, HUD

has authorized the Section 18 Disposition (the "Disposition") of the properties described on the
attached Exhibit A (the "Section 18 Properties") from public housing under the Section 18
program and the execution and recordation of an Use Agreement. To accomplish the Disposition,
HUD has authorized the release of certain land, as described on Exhibit A attached hereto, and
buildings erected thereon from the Declarations of Trust having the PIC Development Number
listed on Exhibit A.
The aforementioned Declarations of Trust are hereby modified to delete from its terms the
real properties listed and described on Exhibit A attached hereto. The foregoing partial release shall
not operate to release any other property described in said Declarations of Trust and said
Declarations of Trust shall continue to be and remain in full force and effect with respect to all
property that has not been released.
[SIGNATURES APPEAR ON THE FOLLOWING PAGE]

WITNESS THE EXECUTION HEREOF, this day of , 2022.
HUD:
UNITED STATES OF AMERICA

SECRETARY OF HOUSING AND
URBAN DEVELOPMENT
By:
Thomas R. Davis for Dominique G. Blom

General Deputy Assistant Secretary for
Public and Indian Housing
CITY OF WASHINGTON )
DISTRICT OF COLUMBIA )
The foregoing instrument was acknowledged before me this day of , 2022 by Thomas
R. Davis for Dominique G. Blom, who being by me duly sworn, did say that he is delegated to act
for Dominique G. Blom, the General Deputy Assistant Secretary for Public and Indian Housing of
the United States Department of Housing and Urban Development, and that he has authority to
execute under oath and has so executed the above instrument for and on behalf of the U.S.
Department of Housing and Urban Development. Witness my hand and official seal on the date
and year first above written.
(Seal)
(Signature)
(Title or Rank)
My commission expires , 20
EXHIBIT A
DESCRIPTION OF THE PROPERTY
1001 Belaire Avenue Parcel: 33-01-01-32-479-131

Lot 9 Delray Manor

Lot 9 Delray Manor

Lot 10 Delray Manor

Lot 10 Delray Manor
1020 Leslie Street Parcel: 33-01-01-22-230-201

Lot 170 City Park Sub
1025 Bensch Street Parcel: 33-01-01-22-206-071

Lot 165 Excelsior Land Companys Sub
1027 Shepard Street Parcel: 33-01-01-22-230-131


1108 Ontario Parcel: 33-01-01-08-206-212

Lot 137 & W 5 ft lot 138, also E 9 ft of lot 136 & W 62 ft of S 18 ft lot 174 North Highland Sub
1109 Ferley Street Parcel. 33-01-05-05-276-076

E 53 ft of N 110 ft lot 24 Supervisors Plat of Prosperity Farms
1113 Dakin Parcel: 33-01-01-22-253-041

Lot 296 Excelsior Land Companys Sub

1121 Ferley Street Parcel: 33-01-05-05-276-074

W 55 ft of E 108 ft of N 110 ft lot 24 Supervisors Plat of Prosperity Farms
1125 Glenn Street Parcel: 33-01-01-08-407-321

Lot 8 Glenn St Sub
1125 Hickory Street Parcel: 33-01-01-15-376-191
Lots 37 & 38 block 2 Lansing Improvement Companys Add

1127 Hickory Street Parcel: 33-01-01-15-376-191

Lots 37 & 38 block 2 Lansing Improvement Companys Add



114 Fairfield Parcel: 33-01-01-04-126-211

Lot 3 Fairfield Gardens Sub


1200 Parkview Avenue Parcel: 33-01-01-22-176-441

Corn NW COR lot 75, TH W 50 ft, S 0 deg 37 min W 104.5 ft, E 50 ft, N to BEG; Huntington
Heights Sub
1202 Parkview Parcel: 33-01-01-22-176-431

Lot 75 Huntington Heights Sub
121 W Northrup Street Parcel: 33-01-05-04-330-131

Corn 267 ft W of Cen Sec 4, TH S 159.5 ft, W 60 ft, N 159.5 ft, E 60 ft to Beg; Sec 4 T3N R2W
1216 Wieland Street Parcel: 33-01-01-03-382-105

Lot 26 & N 20 ft lot 25 Wieland Park Sub
1217 Whyte Parcel: 33-01-01-10-128-121

Lot 6 Cushion Replat No 2 Rec L 29 P 2
1218 N High Street Parcel: 33-01-01-10-154-282

S 16.5 ft lot F&N 54 ft lot 4 block 1 Handy Home Add
S 16.5 ft lot F&N 54 ft lot 4 block 1 Handy Home Add

1223 Whyte Street Parcel: 33-01-01-10-128-131

Lot 7 Cushion Replat No 2 Rec L 29 P 2

1231 Regent Street Parcel: 33-01-01-22-279-371



1243 Allen Street Parcel: 33-01-01-22-281-111

Lot 111 Parkview Land Co Add
1246 Lathrop Street Parcel: 33-01-01-22-258-121

Lot 46 exc N 2 ft Parkview Land Co Add
1247 Allen Street Parcel: 33-01-01-22-281-121

Lot 110 Parkview Land Co Add
1317 Christopher Parcel: 33-01-01-09-155-061

Lot 3 block 1 Glendale Place
1338 Christopher Parcel: 33-01-01-09-156-021

Lot 3 block 2 Glendale Place
1501 Comfort Parcel: 33-01-01-08-128-265

N 66 ft of S 132 ft of E 173.25 ft lot 11 Assessors Plat No 11
1503 Robertson Parcel: 33-01-01-08-205-121

Lot 33 exc S 12 ft also S 20 ft lot 34 North Highland Sub

Lot 19 & S 42 ft lot 20 block 1 Handy Home Add
Lot 19 & S 21 ft lot 20 block 1 Handy Home Add
1529 New York Avenue Parcel: 33-01-01-10-176-052

Lot 41 & S 21 ft lot 42 Highland Park Sub
1553 Roosevelt Ave Parcel: 33-01-01-08-228-571

Lot 184 & N 16.5 ft lot 185 Knollwood Park

Lot 13 block 3 Handy Home Add
1610W Miller Road Parcel: 33-01-05-05-378-131

Lot 1 Yorkshire Park Sub No 1


S 21 ft lot 14 & N 24 ft lot 15 block 1 Ballards Add
1717 Glenrose Avenue Parcel: 33-01-01-08-127-451

Lot 27 Assessors Plat No 12
1738 W Jolly Road Parcel: 33-01-01-32-376-312

W 60 ft of S 125 ft lot 1 Supervisors Plat No 4
201 W Northrup Street Parcel: 33-01-05-04-330-001

Corn 387 ft W of Cen Sec 4, TH S 159.5 ft, W 69 ft, N 159.5 ft, E 69 ft to Beg; Sec 4 T3N R2W
2212 Turner Street Parcel: 33-01-01-04-454-045

Corn 142.7 ft NW'LY from Int'n NE COR Turner St & Mosley Ave, TH E 120 ft, NW'LY to
ELY Line Turner St, S 120 ft, SE'LY 60 ft to Beg; Sec 4 Tan R2W
2328 Clifton Avenue Parcel: 33-01-01-27-179-121

Lot 221 South Gardens No 2
2400 Pollard Road Parcel: 33-01-05-06-427-062

S 100 ft lot 179 Webster Farm Sub No 3
2418 Herrick Drive Parcel: 33-01-01-30-476-331

W 101 ft of lot 409 Pleasant Grove Sub No 1
2531 Dier Street Parcel: 33-01-01-35-326-091

Lot 24 Sonnybrook Plat
2600 Fireside Drive Parcel: 33-01-01-26-452-001

Lot 30 Leawood Sub
2601 Wabash Road Parcel: 33-01-01-26-452-021

Lot 52 Leawood Sub
2613 Wabash Road Parcel: 33-01-01-26-452-031

Lot 51 Leawood Sub
2615 Dunlap Street Parcel: 33-01-01-30-476-001

Lot 11 Block 3 Dewitts Sub
2700 Westbury Rd Parcel: 33-01-01-06-428-008

S'LY 120 ft of: Corn SE COR Delta River Dr & Westbury Rds, TH S 263.6 ft, NE'LY 102.35 ft
on N line lot 1 Delta Heights Sub, N 237.7 ft to S line Delta River Dr, SW'LY 102.3 ft to beg;
Sec 6 T4N R2W
2716 Fireside Drive Parcel: 33-01-01-26-452-191

Lot 35 Leawood Sub
2840 Cynwood Parcel: 33-01-01-05-422-031

Lot 20 Supervisors Plat of Cynwood Heights Sub
3013 Young Ave Parcel: 33-01-01-06-177-175

Lot 159 Westmont Sub
3025 Sheffer Parcel: 33-01-01-06-127-214

Lot 42 Westmont Sub
306 Dadson Drive Parcel: 33-01-05-09-326-159

Lot 21 Bonnie Blair Estates
310 Denver Avenue Parcel: 33-01-01-28-405-371

E 26 ft lot 19 & W 16.5 ft lot 18 Elm View Sub
3101 Sheffer Parcel: 33-01-01-06-127-204

Lot 41 Westmont Sub
3107 Stabler Street Parcel: 33-01-01-28-332-081

Lot 70 & corn NE cor lot 70, TH SE'LY 50 ft to SE cor lot 70, ELY on a projection of S line said
lot 25.65 ft, NW"LY 50 ft along a line par L & 25 ft distant from ELY line said lot, W'LY 25.65
to beg; Holmesdale Sub
3111 Young Avenue Parcel: 33-01-01-06-177-221
314 Dadson Drive Parcel: 33-01-05-09-326-157

315 Hylewood Avenue Parcel: 33-01-01-04-103-191

Lot 48 Hylewood Sub
319 Fenton Avenue Parcel: 33-01-01-33-254-071

Lot 86 Jessops Home Gardens Sub

Lot 49 Hylewood Sub
3207 Maloney Street Parcel: 33-01-01-30-477-071

Lot 375 Pleasant Grove Sub No 1

3210 Young Avenue Parcel: 33-01-01-06-130-091

3213 Avalon Street Parcel: 33-01-01-30-476-321

N 40 exc E 66 ft lot 410 also W 101 ft of S 30 ft lot 410 Pleasant Grove Sub No 1


3309 Westmont Parcel: 33-01-01-06-128-211

Lot 87 Westmont Sub
3315 Westmont Avenue Parcel: 33-01-01-06-128-221

Lot 86 Westmont Sub

E 1/2 Lot 45 Maple Grove Farms No 1

E 1/2 Lot 45 Maple Grove Farms No 1
W 1/2 Lot 45 Maple Grove Farms No 1

W 1/2 Lot 45 Maple Grove Farms No 1
3508 Burchfield Drive Parcel: 33-01-01-32-226-413

Lot 53 Supervisors Plat of Burchfield Sub

W 63 ft of N 125 ft lot 41 Maple Grove Farms No 1

E 60 ft W 63 ft of N 125 ft lot 41 Maple Grove Farms No 1
3619 Wildwood Avenue Parcel: 33-01-01-33-231-011

Lot 295 Maple Hill
400 Dadson Road Parcel: 33-01-05-09-326-155

4025 Glenburne Blvd Parcel: 23-50-40-36-405-101

Lot 129 Glenburne Sub

405 N Magnolia Avenue Parcel: 33-01-01-14-108-341

Lot 115 Columbia Park
4106 Lowcroft Avenue Parcel: 33-01-01-32-278-191

Lot 63 Foster S Holmes Road Sub
412 W Frederick Avenue Parcel: 33-01-01-04-103-091

4132 Balmoral Drive Parcel: 23-50-40-36-401-121

Lot 233 Glenburne No 5
4151 Glenburne Blvd Parcel: 23--50-40-36-405-001

4153 Glenburne Blvd Parcel: 23--50-40-36-405-001

420 W Genesee Street Parcel: 33-01-01-16-108-092
W 115.5 ft lot 7 & W 115.5 ft of S 4 ft of lot 8 block 72 Orig Plat
4206 Courtland Drive Parcel: 23-50-40-36-402-081






Lot 39 Hylewood Sub
422 W Genesee Street Parcel: 33-01-01-16-108-092

W 115.5 ft lot 7 & W 115.5 ft of S 4 ft of lot 8 block 72 Orig Plat
4220 Lochinver Circle Parcel: 23-50-40-36-177-071





429 Community Street Parcel: 33-01-01-04-229-101

Lot 10 Supervisors Plat of Eastern Heights

4307 Glenbume Blvd Parcel: 23-50-40-36-329-111
Lot 321 Glenbume No 5







4341 Glenbume Drive Parcel: 23-50-40-36-329-061

4343 Glenbume Drive Parcel: 23-50-40-36-329-061



4520 Hughes Street Parcel: 33-01-01-32-303-121

Lot 300 Pleasant Grove Sub
4730 Ballard Road Parcel: 33-01-01-31-451-022

N 75 ft lot 8 Eco Farms
4911 Christiansen Road Parcel: 33-01-01-32-376-201

500 S Mifflin Avenue Parcel: 33-01-01-14-379-221
Lot 289 Snyders Sub
5009 Palmer Street Parcel: 33-01-01-33-353-075

S 65 ft lot 25 Supervisors Plat of Brookdale Sub
5022 Starr Avenue Parcel: 33-01-01-32-351-201

506 N Chestnut Street Parcel: 33-01-01-06-108-072

N 62 ft of W 115.5 ft lot 8 block 72 Orig Plat
508 N Chestnut Street Parcel: 33-01-01-06-108-072

N 62 ft of W 115.5 ft lot 8 block 72 Orig Plat
512 Fairfield Avenue Parcel: 33-01-01-04-105-031


Lot 3 Supervisors Plat of Eastern Heights
528 Magnolia Avenue Parcel: 33-01-01-14-104-151

Lot 298, also vac alley corn NW COR not 298, TH W 5 ft, S 33 ft, E 5 ft, N 33 ft, to Beg, Leslie
Park Sub
5325 S Waverly Road Parcel: 33-01-05-06-151-035

N 60 of W 150 ft lot 8 Maple Grove Farms No 1

N 60 of W 150 ft lot 8 Maple Grove Farms No 1

Lot 27 Supervisors Plat of Community Homes Sites

Lot 26 Supervisors Plat of Community Homes Sites
5419 S Waverly Road Parcel. 33-01-05-06-151-069


5603 Picardy Street Parcel: 33-01-05-06-427-002

N 60 ft lots 173 & 174 Webster Farms Sub No 3
5852 Picardy Street Parcel: 33-01-05-06-432-072
Lot 39 exc W 65 ft Supervisors Plat of Webster Farms Sub No 2
6020 Valencia Blvd Parcel: 33-01-05-05-377-206

Lot 27 Valleau City
6036 Haag Road Parcel: 33-01-05-05-379-151

6038 Haag Road Parcel: 33-01-05-05-379-151

6042 Haag Road Parcel: 33-01-05-05-379-141

6044 Haag Road Parcel: 33-01-05-05-379-141

6048 Haag Road Parcel: 33-01-05-05-379-131

6050 Haag Road Parcel: 33-01-05-05-379-131

6055 Schafer Road Parcel: 33-01-05-04-352-141

Lot 79 Supervisors Plat of Home Owners Sub
6061 Schafer Road Parcel: 33-01-05-04-352-151

Lot 78 Supervisors Plat of Home Owners Sub
610 S Hayford Avenue Parcel: 33-01-01-14-359-361

Lot 149 Landing Addition Companys Sub Rec L 5 P 20
6101 Grovenburg Road Parcel: 33-01-05-08-101-351

Lot 1 Tarelton Sub

Lot 1 Tarelton Sub

Lot 2 Tarelton Sub

Lot 2 Tarelton Sub
Lot 3 Tarelton Sub

Lot 3 Tarelton Sub
6200 Daft Street Parcel: 33-01-05-08-205-145

Lot 97 Southfield

Lot 5 Tarelton Sub

Lot 5 Tarelton Sub

Lot 7 Tarelton Sub

Lot 7 Tarelton Sub
6264 Cooper Road Parcel: 33-01-05-09-101-161

N 1/2 of 35 Supervisors Plat of Miller Road Farms

S '/2 of 35 Supervisors Plat of Miller Road Farms
630 Armstrong Road Parcel: 33-01-05-04-276-151

Lot 20 Cedarway Homesites

Lot 33 exc N 66 ft Supervisors Plat of Miller Road Farms
636 Armstrong Road Parcel: 33-01-05-04-276-161

Lot 21 Cedarway Homesites

Lot 139 Landing Addition Companys Sub Rec L 5 P 20
6400 Hilliard Road Parce1:33-01-05-09-152-341

Lot 80 Supervisors Plat of Radio Estates
6405 S. Washington Avenue Parcel: 33-01-05-09-151-033

Lot 138 Landing Addition Companys Sub Rec L 5 P20

6519 Sommerset Road Parcel: 33-01-05-09-177-162

N 55 ft of N 110 ft lot 65 Supervisors Plat of Elmwood Farms
6929 Richard Road Parcel: 33-01-05-09-377-061

700 Jessop_Avenue Parcel: 33-01-01-34-158-001

Lot 457 Maple Hill
811 N Pennsylvainia Avenue Parcel: 33-01-01-10-351- 151

Lot 8 Wileys Sub Rec L 1 P 33
813 N Pennsylvainia Avenue Parcel: 33-01-01-10-351-151

Lot 8 Wileys Sub Rec L 1 P 33

Lot 1 Southbrook Sub
904 W Miller Road Parcel: 33-01-05-05-431-311



935 Dakin Street Parcel: 33-01-01-22-204-071

Lot 273 & S 2 ft lot 272 excelsior Land Companys Sub
942 Vincent Court Parcel: 33-01-01-32-476-041

S 140 ft lot 43 Sonnenbergs Half Acre Sub
944 Vincent Court Parcel: 33-01-01-32-476-041

S 140 ft lot 43 Sonnenbergs Half Acre Sub
LANSING HOUSING
COMMISSION

PREPARED: July 22nd, 2022

P 630.405.6501 P 630.405.6595
F 630.405.6511 F 630.405.6595
c 773.573.7978 C 404.964.5398

Considering that the portfolio to be sold could fluctuate, based on tenant incomes and some tenants purchasing their homes,
we have fine-tuned our valuation estimate to be based on the anticipated number of units to be sold, and the number of rentable
bedrooms in each unit. While our original analysis was based on multi-family portfolio pricing, this adjustment requires more
individualized pricing, for which we are applying a gross rent multiple to derive an estimate of value. The expected GPR is between
6 and 10, with duplexes demanding a higher multiple. The result is roughly $60,000 per two bedroom home, $70,000 per three
bedroom home, $90,000 per four bedroom home, $100,000 per five bedroom home, and $140,000 per duplex. This is consistent
with cost and comparable sale methodology. The current expectation is for 191 units of the portfolio to be sold, which would result
in a total value between $13,000,000 and $14,000,000.
highest value would be achieved from a buyer valuing based on comparables and cost, rather than via the income approach. This
is consistent with individualized valuation we have added based on a gross rent multiple.
Sincerely,
Kyle Shoemaker
Managing Director

2013.
OFFERING PROCEDURES

PRICING AND
FINANCIAL ANALYSIS
Executive Summary
Price Summary
Unit Mix Analysis
Income and Expenses
PRICING SUMMARY - PER UNIT GPR ESTIMATE
Unit Type Value Per Estimate Total Gross Rent Scheduled Contract
Count Unit Value Multiple Annual Rent Rent
24 2 Bed Single Family $63,570 $1,525,680 6.5 $234,720 $815
15 2 Bed Duplex $94,506 $1,417,590 9.5 $149,220 $829
68 3 Bed Single Family $83,616 $5,685,888 6.5 $874,752 $1,072
17 3 Bed Duplex $124,260 $2,112,420 9.5 $222,360 $1,090
28 4 Bedroom Units $85,722 $2,400,216 6.5 $369,264 $1,099
7 5 Bedroom Units $98,982 $692,874 6.5 $106,596 $1,269
159 Totals $87,010 $13,834,668 $1,956,912

Vacant Averages $12,308
EXECUTIVE SUMMARY - MULTIFAMILY PORTFOLIO PRICING

All Cash Summary

RENT ROLL SUMMARY

30 2 Bed Duplex $24,870 $829 $909 $1,128
34 3 Bed Duplex $37,060 $1,090 $1,171 $1,302
28 4 Bedroom Units $30,772 $1,099 $1,453 $1,264
7 5 Bedroom Units $8,883 $1,269 N/A $1,604
191 Totals 431,115 $194,041

Vacant Averages 2257 $1,016 $470 $563
INCOME AND EXPENSES


Total Expenses $1,815,000 $7,500 $4.21 62.78%
LANSING HOUSING
COMMISSION
242 Units
Single Family
Duplexes

P 630.405.6501 P 630.405.6595
F 630.405.6511 F 630.405.6595
c 773.573.7978 C 404.964.5398
www.ahibinc.com
www.ahibinc.com
AFFORDABLE HOUSING
Relocation Plan
July 2022
2 Relocation Plan for Section 18
Table of Contents
Introduction 3
I. Project Description 4
II. Resident Assessment 5
A. Housing Mix 5
B. Project Rents 5
C. Tenant Income Information 5
III. Relocation Program 6
A. Program Objectives, Standards and Assurances 6
B. Relocation Advisory Assistance 6
C. Relocation Financial Assistance 7
1.Moving Expenses 7
2. Displacement Payments 7
D. Relocation Process 7
E. Grievance Procedures 8
F. Eviction Policy 8
G. Immigration Status 8
H. Non-Discriminatory Statement 8
I. Project Timing 8
2
Introduction
The Lansing Housing Commission ("LHC") is a Public Housing Agency ("PHA") that provides rental housing
units and rental assistance to families. LHC strives towards a brighter future for its residents by providing
them a quality standard of housing while making it affordable in their journey to become financially
independent. LHC invests in people by providing more than just housing; it also connects people with
opportunities and on-site resources such as GED programs as well as outreach programs that assist with
health and quality of life issues. Also, LHC provides summer youth activities, which include educational
experiences and athletic programs to keep them enjoying, participating, and growing in the Lansing
community.
The U.S. Department of Housing and Urban Development ("HUD") developed the Section 18 program to
further enable public housing agencies to successfully support residents and communities well into the
future. Through the Section 18 program housing agencies can demolish or dispose of public housing for
a variety of reasons specified by HUD.
For LHC, it is in the best interest of the agency, residents and community to dispose of the scattered sites
in the portfolio. Specifically related to this Relocation Plan the disposition includes the sale of 191 units
via the Section 18 program. The sale of these units is to a private investment group at fair market value.
The private investment group intends to keep these units affordable via Project-Based Vouchers ("PBVs")
administered by LHC. This transaction will support existing residents enabling them to stay in their homes
under the PBV program. The resident-paid portion of rents will be 30% of their income and they will enjoy
the benefits of the PBV program. Additionally, LHC will be able to use the proceeds generated from the
sale to improve existing housing, develop new affordable housing, expand resident service programs,
create future homeowners and provide additional benefits to the community.
LHC has prepared the following Relocation Plan ("Plan") for LHC scattered sites to be repositioned
through the Section 18 program to long term affordable housing under HUD's PBV program. This Plan
demonstrates how LHC intends to comply with the regulatory requirements, as well as the spirit and
intent of the RAD Fair Housing, Civil Rights, and Relocation Notice.
The 191 units consists of 64 duplex units (32 duplexes) and 127 single family homes. The duplexes
include 30 two-bedroom units and 34 three-bedroom units. The single family homes include 24 two-
bedroom units, 68 three-bedroom units, 28 four-bedroom units and 7 five-bedroom units.
3
I. Project Description
As a Public Housing Authority, LHC has an Annual Contributions Contract ("ACC") with HUD to administer
both the conventional Public Housing program and the Housing Choice Voucher program, including PBVs.
This project includes the sale of 191 units of public housing via the Section 18 program. The sale of these
units is to a private investment group that intends to keep the sites affordable via PBVs awarded and
administered by LHC. Following the sale of the public housing scattered sites via the Section 18 program,
LHC and the purchaser will enter into a twenty-year HAP contract for PBVs. The purchaser was selected
through RFP process to project base vouchers at these sites. The final PBV award / HAP contract is
pending HUD's approval of the Section 18 application and financial closing of the deal.
4
II. Resident Assessment
This Plan sets forth policies and procedures to execute when relocation activities are deemed necessary.
The LHC team has completed an assessment to determine which residents currently in the public housing
program will qualify for the PBV program administered by LHC. The purpose of this assessment is to
identify which of the current residents require relocation activities related to the Section 18 transaction
sale of the scattered sites. It is anticipated that no residents will be physically moved to a different
property; they will only be "relocated" from the public housing program to HUD's PBV program.
To complete the assessments, LHC used existing information from past certifications/activities and
followed up with residents accordingly to close any information gaps. Additionally, where needed the
LHC team worked with residents to resolve issues so the residents would qualify for the PBV program.
Following the resident assessments, it was determined that of the 191 head of households all of them
are at or below 80% of the median family income for the area therefore are qualified for the PBV
program. Assessments were completed with the following considerations. While the vast majority of
residents have incomes at 50% of AMI or less, the few with incomes between 50% and 80% of AMI have
been continuously subsidized through the public housing program and are thus deemed income eligible.
A. Housing Mix
The 191 units consists of 64 duplex units (32 duplexes) and 127 single family homes. The duplexes
include 30 two-bedroom units and 34 three-bedroom units. The single family homes include 24 two-
bedroom units, 68 three-bedroom units, 28 four-bedroom units and 7 five-bedroom units.
B. Project Rents
The single-family home PBV contract rents are expected to be $815 for two-bedroom unit, $1,072 for
three-bedroom unit, $1,099 for four-bedroom unit and $1,269 for five-bedroom unit. The duplex home
PBV contract rents are expected to be $829 for two-bedroom unit and $1,090 for three-bedroom unit.
Contract rents are gross rents less utility allowances. The difference in rent is due to a differential in
the utility allowance for a single family versus a duplex home.
The Total Tenant Payment, similar to public housing rents, will be 30% of tenant income and are not
expected to change unless income changes. LHC has set a policy that uses a five year phase-in for flat
rent payers to ensure their annual rent increase wouldn't exceed ten percent.
C. Tenant Income Information
Income information was available for all 191 households. According to the income levels for the County,
adjusted for family size as published by City of Lansing, Neighborhood Housing and Community
5
Development Office (NHCD) based on the formula used by HUD in 2022, of the 191 households all of them
are at or below 80% of the median family income for the area therefore are qualified for the PBV
program.
III. Relocation Program
The relocation program and assistance offered by LHC will conform to provisions of the federal and state
law and guidelines, as appropriate. The relocation program applies to residents that were identified in
the assessment phase as ineligible for the PBV program or residents choosing other comparable housing
options as a result of the Section 18 transaction. LHC expects the number of physical relocations to be
very minimal, likely zero. In the event of physical relocation, the following will be applied.
A. Program Objectives, Standards and Assurances
It is LHC's objective to fully support the relocation of the residents who are ineligible for the PBV
program or residents choosing other comparable housing options. In the scope of the relocation, LHC
staff will:
• Determine the needs of households requiring relocation.
• Provide adequate information and assistance to move to another unit provided by LHC,
if eligible and available.
• Work with the resident to identify other comparable housing options.
• Provide assistance that does not result in different, or separate treatment due to race,
color, religion, national origin, sex, disability, creed, familial status, student status,
marital status, sexual orientation, gender identity, age or, other arbitrary circumstances.
• Supply information concerning federal and state governmental programs that provide
assistance to low income or disabled persons.
• Make relocation benefit payments in accordance with applicable guidelines.
B. Relocation Advisory Assistance
As a function of the overall relocation assistance program, advisory assistance will be provided to
residents that were identified in the assessment phase as ineligible for the PBV program or residents
choosing other comparable housing options. The following services and tasks will be undertaken:
• Each household will be personally interviewed to gather information appropriate to

determine needs and preferences with regard to the move. Inquiries made of residential
occupants by relocation personnel will cover the following areas: family size, age and
health considerations, utility providers, and accessibility needs.
• As soon as feasible, the relocation representative shall explain the relocation
payments and other assistance for which households and individuals may be eligible,
including related eligibility requirements and the procedures for obtaining such
assistance.
6
• Assistance will be provided to complete appropriate forms and coordinate moving

arrangements. Residents will be kept informed of timing and receive appropriate notice
to prepare for necessary moves. Claims for compensable expenses associated with the
relocation process will be processed expeditiously.
• Translation assistance will be provided, as needed.
C. Relocation Financial Assistance
Residents that were identified in the assessment phase as ineligible for the PBV program or residents
choosing other comparable housing options will be eligible for relocation financial assistance.
1. Moving Expenses
Residents choosing other comparable housing options because of the Section 18 disposition will be
eligible for reimbursement of moving expenses.
In addition to the cost of the actual move, one-time expenses associated with utility re- connections (e.g.,
gas, water, electricity) will be eligible for reimbursement.
2. Displacement Payments
In addition to the services outlined above, residents may be eligible for displacement payments if they
choose to move. Displacement payments may include first months rent and security deposit at a new
residence or the existing residence if no subsidy is being provided.
D. Relocation Process
The general steps that will be required of LHC:
• The relocation program will be carried out by LHC staff to ensure consistency in the application
of the local policies and state and federal requirements.
• LHC had multiple meetings with the tenants as well as issued multiple notifications. During each
meeting, LHC provided plan narrative, up-to-date progress and answered tenant questions. The
application was developed in consultation with tenants to be displaced/affected.
• Formal notification to be sent 90 days prior to closing which will include current qualifying status
for the PBV program and an intent to join PBV program form for tenant to sign.
• 60 days prior to closing LHC request for any additional documentation to be sent.
• 30 days prior to closing LHC shall provide each tenant with a 30-day Notice of Termination of the
Public Housing Lease Agreement and information about the new lease.
• LHC Staff will conduct additional assessments of residents choosing other comparable housing
options to develop an individual relocation plan, identify special needs and determine the level
of assistance needed for each resident.
• If a resident is found to not qualify for the Section 8 program and alternative housing options
cannot be identified, that unit may be removed from the Section 18 application.
7
E. Grievance Procedures
All displaced persons have the right to ask for administrative review concerning determinations of
eligibility; relocation payment amount; the failure by LHC to provide comparable temporary housing
referrals; or LHC property management practices. The procedures governing grievances set forth in
Section 1.6 of HUD H-2019-09 PIH-2019-23 (HA), Rental Assistance Demonstration REV-4 will apply.
F. Eviction Policy
LHC recognizes that eviction is permissible only as a last resort and that relocation records must be
documented to reflect the specific circumstances surrounding any eviction. Eviction will only take place
in cases of nonpayment of rent, serious violation of the rental agreement or a dangerous or illegal act
in the unit. Eviction will not affect the eligibility of a person legally entitled to relocation benefits.
However, legal action to evict shall be undertaken for tenant refusal to cooperate with the relocation
program.
LHC does not expect any evictions related to Section 18, as residents will be remaining in their units.
G. Immigration Status
Federal legislation (PL105-117) prohibits the payment of relocation assistance benefits under the Uniform
Act to any alien not lawfully present in the United States unless such ineligibility would result in an
exceptional and extremely unusual hardship to the alien's spouse, parent, or child any of whom is a
citizen or an alien admitted for permanent residence. Exceptional and extremely unusual hardship is
defined as significant and demonstrable adverse impact on the health or safety, continued existence of
the family unit, and any other impact determined by the overseeing government authority to negatively
affect the alien's spouse, parent or child.
In order to track and account for relocation assistance and benefit payments, relocation staff will be
required to seek immigration status information from each displace 18 years and older by having them
self-certify as to their legal status.
H. Non-Discriminatory Statement
Residents who will relocate to another public housing unit as a result of the Section 18 transaction shall
be relocated (as available) to other decent, safe, sanitary and affordable housing on a non-discriminatory
basis without regard to race, color, religion, creed, national origin, handicap, age, familial status, sex,
sexual preference, sexual orientation or gender identity and in compliance with federal, state and local
laws.
I. Project Timing
8
Relocation Plan for Section 18
LHC is working through the HUD Application process and due diligence period with the private investment
group. The anticipated date of close for this transaction October 31, 2022.
9
jA • •
Lansing Housing
commissi ON 419 Cherry St., Lansing, MI 48933 Telephone: (517) 487-6550 Fax: (517) 487-6977
Overview
The Lansing Housing Commission (LHC) is pursuing the sale of its scattered site locations through HUD's Section
18 Program. This document has been developed to provide information about the Section 18 Program through
frequently asked questions. This should be considered a working document as LHC continues to work with HUD,
potential ownership group, and potential future resident homeowners. As a result the LHC team may update
and/or add questions and details to this document.
What is Section 18?
Section 18 allows public housing agencies to demolish or sell their public housing units.
Section 18 is a HUD designed program to support HUD's initiative to transition affordable housing from public
housing platform (Section 9) to more voucher based (Section 8) housing platform. Section 18 allows housing
agencies, like LHC, to demo or dispose (sell) qualifying assets.
Why was Section 18 created?
Over the last decade, the government's funding for public housing has fallen below sustainable levels. The result
is that public housing units need significant capital improvements and the public housing funding provided and
funding tools available are not adequate and will not be in the future. The gap between funding provided and
funding needed is only likely to grow larger for units remaining in public housing. Section 18 allows for new
funding tools and opportunities.
The proceeds from the sale of the properties will allow LHC to acquire and rehab affordable housing units in the
Greater Lansing Area.
What are the expected benefits of LHC's use of HUD's Section 18 Program?
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TDD/TTY #: 1-800-545-1833 Ext. 919 "Equal Housing Opportunity" (N'

Page 1 of 4
•
Lansing Housing
COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517) 487-6550 Fax: (517) 487-6977
How is HUD involved in the Section 18 Program?
LHC has been working with HUD teams over the past couple years on RAD and Section 18 Programs. HUD is
responsible for approving the Section 18 sale of the scattered sites.
LHC will submit a very detailed application to HUD. HUD will review and provide feedback accordingly. The
application includes significant amount of detail about the sites, sale price information, and overall program.
What will happen to houses following the sale?
At this point there are primarily 2 end results for the home.
1. Sold to a new ownership group with a project-based voucher (PBV) and commitment to keep the houses
affordable for at least the next 20 years.
2. Sold to existing or other qualifying resident as new homeowners for their use and purpose. There will not
be a PBV or any other subsidy tied to the unit. This will become like any other individually owned home in
the city.
Will residents have to move?
No. Residents in good standing and qualifying will not have to move, these are mainly the same requirements for
the public housing program today. Residents are encouraged to contact LHC scattered site staff to confirm
standing. The LHC team will work with residents to improve standing (as needed and possible) prior to sale of the
scattered sites.
What is a Project-Based Voucher (PBV)?
A PBV means that vouchers (subsidy from HUD) are attached to specific units. The voucher stays with the unit for
at least the next 20 years. In the event a resident moves out, the voucher stays with the unit it does not move with
the resident like other housing choice vouchers. As LHC does at other sites today, it will administer the PBV
program through a HAP contract with the new ownership group.
Will the sale of the scattered sites affect housing assistance?
Under Section 18 and the sale of the scattered sites, your current public housing lease will end and your new
lease with a new owner will begin using a PBV.
Will resident rents go up?
Rent will remain the same unless household income has changed.
Resident rents will continue to be based on 30% of income, as it is today under public housing. Therefore, unless
residents have had a change in income or household size, rents should not change. If a resident has
experienced a change in income or household size, rent will be updated accordingly, similarly to how it would be
done today in public housing.
Residents who were previously paying a flat rent as a public housing resident may experience a rent increase
because Section 8 rents are income-based.
TDD/TTY #: 1-800-545-1833 Ext. 919 "Equal Housing Opportunity IN

Page 2 of 4
• •A,„
7:0
Lansing Housing
Can residents request a Section 8 voucher to move somewhere else?
Following 12 months in the PBV program residents may submit a request in writing that they wish to receive a
Section 8 Voucher. A Section 8 voucher would travel with the resident, the PBV will still stay with the existing
unit. Once a Section 8 voucher becomes available, the resident will be rescreened for eligibility to receive one.
Eligibility for a Section 8 Voucher is determined on current standing, residents may not owe any rent, have unpaid
charges, or be under eviction status.
If residents are interested in a Section 8 voucher prior to the 12-month period in the PBV unit, they can apply
when waitlists are open throughout the year.
When is the Section 18 process expected to complete?
LHC will continue to work with HUD and the prospective buyers over the next few months. The Section 18
process is expected to be complete in Fall 2022.
I am a resident, what do I need to do now?
As a resident if you are interested in purchasing your home you should have submitted your intent to purchase
your home to LHC. You now have until July 1s, to work with financial institutions and local agencies to get
prequalified. Below is a list of resident responsibilities for the homeownership option:
Homeownership - Resident Responsibilities
Work with agencies and/or financial institutions for homeownership programs and financing to purchase. Potential
agencies to contact include:
• Capital Area Housing Partnership (CAHP)

• Habitat for Humanity
• Michigan State Housing Development Authority (MSHDA)
• Residents are encouraged to explore other agencies that may have homeownership programs
Provide a letter from an agency and/or financial institution by Friday July 1st stating you are pre-qualified to
purchase a home. Pre-qualification letter should be scanned and emailed to karenc@lanshc.org or mailed
to/dropped off at 405 Cherry Street Lansing, MI 48933.
PBV - Resident Responsibilities
As a resident if you are not interested in purchasing your home and you plan to stay in your existing home with
the PBV you should be looking for communications and meeting notices from LHC.
Continue to monitor communications from LHC and attend informational meetings.
Receive and complete any additional paperwork requests from LHC in a timely fashion. LHC will initiate this
process, so there isn't much for residents to do under this option until:
• New packets will be required prior to or at the same time of the transaction closing
• LHC will send these requests out around the time of close late summer / early fall
• There will not be a new screening
Under both scenarios residents are encouraged to contact LHC with questions and/or concerns. The LHC team is
here to help throughout the process.

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Lansing Housing
Additional Information and Things to Keep in Mind
• Continue to follow the rules of your current public housing lease

• Keep an eye on your mail and LHC website https://lanshc.org/ for more information from LHC
• If you have questions about the changes, contact LHC
• For more information on the process of Section 18, go to:
https://www.hud.gov/program offices/public indian housing/centers/sac/demo dispo

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Lansing Housing Commission (LHC) Scattered Site HUD's Section 18 Program

Intent to Pursue the Purchase of Current Residence
April 14th, 2022
oName»
«Address»
«City_State_Zip»
On April 7th, 2022 the Lansing Housing Commission (LHC) held an initial resident meeting to discuss our
application to HUD's Section 18 Program, which includes the potential sale of your residence and other LHC
scattered sites. During this meeting some residents indicated that they still have interest in pursuing the
purchase of their residence.
To work further with these individuals LHC is extending the timeframe for residents to pursue homeownership
programs and approvals to July 1st, 2022.
If you are interested in pursuing the purchase of your residence please check here , complete and sign the
form on page 3, and return it to LHC attention Karen Chase 419 Cherry Street Lansing, MI 48933 by Friday
April 29. Please carefully review 1. Section 18- Pursuing Homeownership for specific details.
If you are not interested in pursuing homeownership, please review the Section 18— Project Based
Voucher (PBV) Section. Pending HUD approval of our application your home is being sold to a new owner,
however, it will be with a PBV, so you will not have to move (as long as you qualify and are in good
standing), and your rent is not expected to change unless your income does. As the existing resident,
once you qualify and as long as you remain in good standing, you can remain in the unit for as long as you
desire.
1. Section 18- Pursuing Homeownership
Please note the LHC team is not in a position to assess financial qualifications for home ownership.
Therefore, it will be important for you to reach out to agencies and/or your preferred bank/financial institution.
The LHC team is here to answer questions and provide support as applicable but obtaining finances along
with other items are the responsibility of the resident.
Resident Responsibilities
• Complete and return the form on page 3 with your signature at the bottom indicating your intent to
pursue the purchase of your residence by Friday April 29th
• Work with agencies and/or financial institutions for homeownership programs and financing to
purchase
o Potential agencies to contact include:
• Capital Area Housing Partnership (CAHP),
• Habitat for Humanity,
o Residents are encouraged to explore other agencies that may have homeownership
programs
• Provide a letter from an agency and/or financial institution by Friday July 1st stating you are pre-
qualified to purchase a home, for qualification purposes please consider the following
o $60,000 is the expected minimum purchase price for a home
o The final price will be dependent on the size and type of home
TDD/TTY #: 1-800-545-1833 Ext. 919 "Equal Housing Opportunity- I6'

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o Pre-qualification will be a starting point for future discussions to hopefully secure the
purchase of a home
o Pre-qualification does not guarantee the purchase of your home
o For more information about purchase price please contact LHC
o Pre-qualification letter should be scanned and emailed to karencglanshc.org or mailed
to/dropped off at 405 Cherry Street Lansing, MI 48933
2. Section 18 — Project Based Voucher (PBV)
In the event you decide not to pursue homeownership, or you do not qualify to purchase the home, pending
HUD approval of the Section 18 application your house will be sold to another buyer. Through the Section 18
process, units sold to other buyers are expected to have a project-based voucher assigned to them. Below is
what you can expect from the Section 18 program sale to another buyer:
• You will not be required to move unless you do not qualify for the program or are not in good
standing
• Your rent is expected to remain the same unless there is an income or household change since
your last re-certification
• You will be required to sign a new lease and recertify your income
• You may remain in your unit indefinitely as long as you remain qualified and in good standing with
program requirements and your lease
• After 12 months of living in your unit under the PBV program, you may request to receive a
Tenant Protection Voucher (TPV) which would allow you to seek alternative housing, as long as
you meet eligibility
If you have questions about qualifications and current standing, please reach out to Kendra McAbee at
KendraM@Ianshc.org or 517-897-7270.
• Continue to monitor communications from LHC, attend informational meetings, and contact the
LHC team with questions and/or concerns
• Receive and complete any additional paperwork requests from LHC in a timely fashion
o New packets will be required prior to or at the same time of the transaction closing
o LHC will send these requests out around the time of close late summer / early fall
o There will not be a new screening
The LHC team is here to help residents through this process and answer questions so please use the
resources available to you through LHC.
The next resident meeting related to Section 18 Program will be held towards the end of May, a notification
with meeting date, time, and location details will be sent at a later date.
Again, we appreciate your time and look forward to taking these next steps together.
Sincerely,
Douglas E. Fleming
Executive Director

Lansing I lousing Commission
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If you are not pursuing homeownership you do not need to complete this form.
If pursuing homeownership as option please review, complete, sign, and return this form by April 29th,
2022.
Return options
1. Scan and email to karenc@lanshc.org

2. Mail or drop off at 405 Cherry Street Lansing, MI 48933
(print name) currently residing at (print address),

have reviewed and read the above letter. I fully understand that it is my responsibility and option to pursue
homeownership at my own cost and time. To have an option for homeownership of an LHC scattered site I will
need to provide a pre-qualification letter showing access to financing to purchase the home at the set price. This
letter needs to be from a credible lender/financial institution or agency with homeownership finance program.
While LHC can help residents answer questions and provide guidance, LHC is not qualified to assess or provide
approval for financial qualifications related to home ownership
The prequalification letter must be returned to LHC by no later than Friday July 1st, 2022.
I recognize that obtaining and providing a pre-qualification letter doesn't guarantee the purchase of my home, as
different size units may have different sale prices. The pre-qualification letter does provide an opportunity to
purchase and will lead to further discussions with the LHC team about a transaction for homeownership.
This signed letter is to be returned by Friday April 29.
I have read the above information and am pursuing homeownership via the Section 18 process and intend to
provide a pre-qualification letter showing access to financing required to purchase a home by Friday July
1st, 2022. Pre-qualification letter should be scanned and emailed to karenc@lanshc.org or mailed to/dropped off
at 405 Cherry Street Lansing, MI 48933.
If I do not provide the pre-qualification letter as outlined above, I understand that I will not be considered for
homeownership at this time.
(print name)
(print address)
(phone number) (email)
(sign name) (date)

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Re: LHC Scattered Housing Disposition
Dear Resident:
The Lansing Housing Commission is taking this opportunity to provide you with the latest updates in
LHC's disposition application for the sale of the Public Housing scattered sites portfolio. We
understand it is important for you to have proper information that will help you make the best
decisions for you and your family as we move forward. LHC appreciates serving you and are committed
to work in partnership with you throughout this transition.
If you are interested in potentially purchasing your home, we are asking you to indicate your intent
by May 31, 2021. This is not a final decision but will be helpful for us in planning as we move
forward with the sale of the houses. A home ownership class will be offered free of charge through
the Capital Area Housing Partnership for any interested resident. We expect the first sale of a home
will not occur until late in 2021.
For those residents who do not want to purchase their home you will soon receive information about
your new housing options. LHC will offer your household the option to utilize a Tenant Protection
Voucher (similar to a Section 8 voucher). The voucher will give you the potential to stay in your current
home or allow you the choice to move anywhere the vouchers are accepted. You will also have the
option to be transferred to a LHC property and remain under the Project Based Rental Assistance
program (formerly known as Public Housing). In short, your household will be able to retain the
affordable housing you now have.
If you have any questions regarding this process or want to investigate the purchase of your current
home, please email or call us at:
Andrea Bailey — andreab@lanshc.org or Kendra McAbee — KendraM@Ianshc.org
517-487-6550 Ext 801
Again, we appreciate you and look forward to taking these next steps together.
Sincerely,
Douglas E. Fleming
Executive Director
vo
r:
Lansing Housing
COMMISSION

of 191 public housing scattered site units in order to use the proceeds for purposes of Best
Interests of PHA and Residents & Consistent with PHA Plan & 1937 Act.
Board of Commissioners on DATE via Resolution Number 1338.

"LHC will pursue the utilization of HUD's Section 18 Disposition program to execute the sale of
Best Interest of PHA and Residents and Consistent with PHA Plan and 1937 Act as described in
24 CFR 970.17(c).
very low-income families. LHC has recently completed the conversion of most of its eligible
repositioning plan.
The proceeds will go towards rehabbing existing and/or developing additional units as well as
further development of on-site programming to assist residents and their families. Administering
vouchers for the scattered sites and using sales proceeds for higher value activities in
affordable housing is in the best interest of the PHA and its residents.
TDD/TTY number 1-800-545-1833 Ext. 919 "Equal Housing Opportunity" (N

tift
Lansing Housing
COMMISSION
LHC's method of disposition is Public Bid at FMV Sale. LHC executed an RFP process to
identify potential buyers. The RFP was provided to many different potential buyers including
developers, management groups, and community groups. Furthermore, the RFP was posted on
LHC's website. After gathering proposals from potential buyers LHC evaluated the results and
selected 1 group to purchase 191 scattered sites units.
See Appendix Section 10 Purchase Agreement in the Lansing Housing Commission — Section
18 Application.

tlaf
Lansing Housing
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Reasonable Transaction Costs
Reasonable costs of disposition include 3rd party real estate brokerage costs, 3rd party

t am t
Lansing Housing
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Proposed Use of Proceeds
• Oliver Gardens rehabilitation project (existing 30 Section 8 units).

RAD conversion.
• Further development of existing resident services.

affordable housing
•
•
Section 8 PBV Unit Development
Supportive Services for Residents
IL A

Demolition and Disposition U.S. Department of Housing OMB Approval No. 2577-0075
Addendum and Urban Development (exp. 08/31/2023)
HUD-52860-A Office of Public and Indian Housing
The information collection requirements contained in this document have been approved by the Office of Management and Budget
(OMB) under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520) and assigned OMB control number 2577-0075. There is
no personal information contained in this application. Information on activities and expenditures of grant funds is public information
and is generally available for disclosure. Recipients are responsible for ensuring confidentiality when disclosure is not required. In
accordance with the Paperwork Reduction Act, HUD may not conduct or sponsor, and a person is not required to respond to, a
collection of information unless the collection displays a currently valid OMB control number.
Section 1. Demolition
LI Yes 0 No
If yes:
1. Does the removal action include the
All units at a development site
demolition of all or a portion of a
A portion of units at a development site
development (AMP) or other public housing
property? Non-dwelling property at a development site
LI Non-dwelling property not at a development site (e.g. central PHA
administrative building)
If yes, complete questions 2-6 of this section. If no, move on to section 2.
2. What is the estimated demolition cost? $
LI Capital Funds 0 CDBG

3. What is the anticipated source of funds for the LI Operating Funds
demolition cost? Fiscal Year:
LI Non-Public Housing Funds (describe: )
LI Obsolete - Physical Condition

4. What is the justification for the
fl Obsolete - Location
Obsolete - Other Factors
demolition?
De Minimis Demolition (the lesser of 5 units or 5 percent of the total public housing
units in any 5-year period)
Attach a narrative statement describing the justification for demolition, along with other supporting documentation, in accordance
with 24 CFR part 970 and PHI Notice 2018-04 (or any successor notice). If the demolition is for a portion of a development, the
narrative statement must speccally address how the demolition will help to ensure the viability of the remaining portion of the
development.
The PHA must certify and present supporting evidence that no reasonable program of modifications is
5. Cost-test
cost-effective to return the public housing development (or portion thereof) to useful life.
Attach a completed HUD-52860-B, narrative statement, and other supporting documentation as described in the
instructions
All attachments must reference the Page 1 of 9 form HUD-52860-A (04/2018)

Section and line number to which they apply.
Section 2. Disposition
LI Conditions in Surrounding Area: 24 CFR 970.17(a)
LI Health and/or Safety
LI Infeasible Operation
1. What is the LI More Efficient/Effective Low-Income Housing: 24 CFR 970.17(b)
justification for C. Best Interests of PHA and Residents & Consistent with PHA Plan & 1937 Act: 970.17(c)
the disposition? LI The Non-Dwelling Structure or Land Exceeds the Needs of the Development (after Date of Full
Availability "DOFA")
The Disposition of the Non-Dwelling Property is Incidental to, or does not Interfere with, the
Continued Operation of the Remainder of the Development
Attach a narrative statement describing the justification for disposition, along with other supporting documentation, in accordance
with 24 CFR part 970 and PIH Notice 2018-04(or any successor notice).
If disposition is based on physical obsolescence under the demolition criteria, complete Section 1 (Demolition) of this form.
a. Public Bid FMV Sale
b. LI Negotiated Sale at FMV
c. Negotiated Lease or other Transfer at FMV
2. Method of Disposition d. LI Negotiated Sale or other Transfer at FMV
e. LI Negotiated Sale at below FMV
I Negotiated Lease or other Transfer at below FMV
g. LI Land-Swap
Attach a description of the method of disposition (e.g. sale or ground lease terms; below FMV disposition).
If the disposition is proposed via negotiation, attach a Certificate of Good Standing (under applicable State law) of the proposed
acquiring entity, or other evidence that the entity is recognized under State law.
3. Is the proposed acquiring entity the PHA's instrumentality as defined
Yes No
by 24 CFR 905.604(b)(3)?
4. Commensurate Public Benefit:
If the method of disposition is at or below FMV, the PHA must demonstrate a commensurate public benefit
Attach a narrative description of commensurate public benefit in accordance with 24 CFR 970.19 and PIH Notice 2018-04
(or any successor notice).
Section 3. Proceeds
1. Will the PHA realize proceeds from this disposition? Yes LI No
2. If PHA answered yes to question #1, indicate the estimated amount of
Gross $13,490,000 Net $12,315,0000
gross and net proceeds
3. Is the PHA requesting to use gross proceeds for relocation costs? 0 Yes $ (estimated amount)
No
4. Is the PHA requesting to use gross proceeds for reasonable costs of I1 Yes $1,175,000 (estimated amount)
disposition? LI No
If yes, attach a brief narrative, budget, or other supporting documentation describing the reasonable costs
LI Public Housing Capital Fund (CFP) Uses
LI Loan for development of Public Housing Units
LI Loan for development of PBV units
' Costs of Converting Public Housing Units to Project-Based Section 8 under the Rental
5. If the PHA will realize net
proceeds from this disposition,
how does the PHA propose to LI Section 8 HCV Shortfalls
use the proceeds? LI Operation of Section 8 program
Operation of Public Housing program
LI Modernization of Section 8 Units
LI Loan for modernization of PBV Units
@ Other Statutorily Eligible Uses: Development of new affordable housing units in the
Lansing area. The use of funds are to follow HUD guidelines and be used to increase the
number of affordable housing units in the Lansing area. LHC intends to work with the city

of Lansing, local groups, MSHDA to optimize the use of the proceeds from the sale.
(describe)
Z To Be Determined (TBD) (PHA must request approval from HUD when it determines
a proposed use)
Attach a brief narrative, budget, or other supporting documentation describing the proposed use of proceeds.
If loan is checked, include the loan term, interest rate, and type (i.e. permanent, bridge, construction).
Section 4. Offer of Sale to Resident Organization (Disposition Only)

Yes No
970.9(b)(3)(i): local government requests to acquire vacant land less than 2 acres in
order to build or expand public services
970.9(b)(3)(ii): PHA seeks disposition to develop a facility to benefit low-income
1. If this action is for a disposition, families
is the PHA exercising any of the
970.9(b)(3)(iii): the units have been legally vacated (HOPE VI, 24 CFR part 971 or
exceptions to the offer of sale
972)
requirements?
970.9(b)(3)(iv): the units are distressed units subject to Section 33 required
conversion
970.9(b)(3)(v): property proposed for disposition is non-dwelling
Other: PHA requests that HUD consider another exception to 970.9(b)(1)
If exercising an exception, attach a narrative statement or documentation supporting the exception in accordance with
970.9(b)(4). If not exercising an exception, complete questions #2-6 of this Section 4.
Prior to final award of unit purchases
to SK Investments Group through
public RFP process, LHC offered an
opportunity to all residents to buy
eligible existing homes. LHC
provided the opportunity through a
2. Name(s) of all established eligible organizations as defined by 24 CFR 970.11 (e.g.
mailing and followed up with phone
resident organizations, eligible resident management corporations as defined in 24
calls. LHC has about 40 residents
CFR part 964, and nonprofit organization acting on behalf of residents at a
interested in purchasing their home,
development.
which is why those houses will be
included in a separate application.
LHC continues to communicate with
these residents on an individual basis
to support their goal of home
ownership.
Attach a narrative explanation of how the PHA determined the entities identified
LHC sent notifications to residents
about homeownership opportunities
3. Date(s) the PHA sent an initial written notification to each established eligible in May 2021 and April 2022. LHC
organization in accordance with 24 CFR 970.11 held resident meetings in April 2022
and June 2022 which addressed
homeownership opportunities.
Attach a copy of the initial written notification to each established eligible organization
Yes a No
LHC received written
4. Did the PHA receive a written expression of interest in accordance with 24 CFR 970.11
notification from individual
by an established eligible organization?
residents interested in
purchasing their home.
If yes, attach a copy of the expression of interest by any eligible established organization
5. Did the PHA receive a proposal to purchase from an established eligible organization E Yes No
within 60-days of receiving the established eligible organization's expression of interest?

If yes, attach a copy of the proposal to purchase from an established eligible organization
El Yes No
6. Did the PHA accept the proposal to purchase?
El N/A (PHA did not receive a proposal to purchase)
Attach a narrative explanation of why the PHA accepted or rejected the proposal to purchase

Section 5. PHA Certification
For SAC applications submitted under 24 CFR part 970:
1) If this SAC application includes a demolition action, I certify that the proposed development (units or other
property) meets the obsolescence criteria of 24 CFR 970.15 as specifically described in this SAC application.
I further certify that such obsolescence makes any units proposed for demolition unsuitable for housing
purposes and that no reasonable program of modification is cost-effective to return the development to its
useful life;
2) If this SAC application includes a demolition for only a portion of the buildings/units at a development on a
contiguous site, the PHA certifies that the partial demolition will help to ensure the viability of the remaining
portion of the development;
3) If this SAC application includes a disposition action for public housing units, the PHA is justified in disposing
of the development or other public housing property in accordance with the specific criteria of 24 CFR
970.17, as specifically described in this SAC application;
4) The PHA will comply with all applicable relocation requirements of 24 CFR 970.21; and
5) The PHA will use gross and net proceeds it receives from the disposition in accordance with the requirements
of 24 CFR 970.19 and the HUD approval.
For De Minimis Demolitions:
1) The units proposed for demolition meet the criteria of Section 18 because they are beyond repair or the space
occupied by the units will be used for meeting the service or other needs of public housing residents; and
2) The units proposed for demolition do not exceed the statutory maximums of five percent of my PHA's total
housing stock, or five dwelling units, whichever is less, in any 5-year period.
I hereby certify that all the information stated herein, as well as any information provided in the accompaniment herewith,
is true and accurate.
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18
U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802)
Name of Authorized Official Douglas E. Fleming

Title Executive Director
Signature P67.zffead-
Date 07-28-2022

Form HUD-52860-A Instructions
This form is required when a PHA proposes a demolition or disposition under 24 CFR part 970 and when a PHA proposes a de
minimis demolition under Section 18 of the 1937 Act. This information is required as a supplement to the HUD-52860 form. PHAs
must complete this form and upload it as an attachment to the IMS/PIC SAC application. Also, PHAs must upload the supporting
documentation requested by this form as part of the IMS/PIC SAC application. PHAs must label that supporting documentation by
section number of this form and/or by name (e.g. use of proceeds). PHAs refer to 24 CFR part 970 and all applicable PIH Notices in
completing this form, including PIH Notice 2018-04 (or any successor notice). PHAs must label All defined terms not defined in this
form have the meaning in those regulations and notices.
Section 1: Demolition
Justification (Question 4). In completing their narrative statements describing the justification for demolition, PHAs should refer to
the guidance at 24 CFR part 970 and PIH Notice 2012-7 (or any successor notice). In the case of a SAC application for demolition of
portion of a development (e.g. SAC application is for less than all units on a contiguous site) the PHA's narrative must describe how
the demolition will help to ensure the viability of the remaining portion of the development. This requirement shall not apply for
demolitions of units on scattered non-contiguous sites.
Obsolete-Physical Condition: 24 CFR 970.15(b)(1)(i). A PHA must demonstrate serious and substantial physical deterioration of the
buildings/units at the development. HUD strongly encourages PHAs to submit a physical needs assessment (PNA), government
inspection, or independent architect or engineer's report as supporting documentation.
Obsolete-Location: 24 CFR 970.15(b)(1)(ii). A PHA must demonstrate that the location of the units causes obsolescence. HUD may
consider the physical deterioration of the neighborhood; change in neighborhood from residential to industrial or commercial
development; or environmental conditions which jeopardize the suitability of the site or a portion of the site and its housing structures
for residential use.
Obsolete-Other Factors: 24 CFR 970.15(b)(1)(iii). A PHA must generally demonstrate that factors at the development have impacted
the marketability, usefulness, or management of the units so seriously that, notwithstanding due diligence and its best efforts in
marketing and leasing the units, the PHA is unable to operate the development for residential purposes for an extended period of time
(generally more than 5 years). HUD may consider factors such as turnover rate, historic vacancy rate, access to transportation, crime
rates, site plan and density issues, neighborhood infrastructure, and unit size. HUD strongly encourages PHAs to submit third party
documentation.
De Minimis Demolition: 24 CFR 970.27. In any 5-year period, a PHA may demolish not more than the lesser of 5 dwelling units or 5
percent of the total public housing dwelling units owned by the PHA without the need to obtain HUD approval under 24 CFR part 970
provided the PHA can meet one of the following criteria: (a) The PHA will use the space occupied by the unit(s) for meeting the
service or other needs of the residents (e.g. laundry facility; community center; child care center); or (b) the PHA has determined the
unit(s) are beyond repair.
Cost-Test (Question 5). HUD generally shall not consider a program of modifications to be cost-effective if the costs of such program
exceed 62.5 percent of total development cost (TDC) for elevator structures and 57.14 percent of TDC for all other types of structures
in effect at the time the SAC application is submitted to HUD.
Obsolete-Physical Condition: 24 CFR 970.15(b)(1)(i). PHAs must complete and submit the HUD-52860-B form.
Obsolete-Location: 24 CFR 970.15(b)(1)(ii). HUD will consider the PHA's cost of curing the cause of the obsolescence (e.g. nearby
industrial or commercial development, environmental conditions).
Obsolete-Other Factors: 24 CFR 970.15(b)(1)(i)(iii). HUD will consider the PHA's cost of curing the cause of the obsolescence (e.g.
site plan, crime, turnover).
De Minimis Demolition. Cost-test requirements are not applicable.
Section 2: Disposition
Justification (Question 1). In completing their narrative statements describing the justification for disposition, PHAs should refer to
the guidance at 24 CFR part 970 and PIH Notice 2018-04 (or any successor notice).
Conditions in Surrounding Area: 24 CFR 970.17(a). A PHA must demonstrate the location of the units (e.g. industrial or commercial
development) jeopardizes the health and/or safety of the residents and/or the feasible operation of the units by the PHA based on
external conditions outside the control of the PHA; and the condition is beyond the scope of the PHA to mitigate or cure in a cost-
effective manner. To support a SAC application based on health and/or safety, PHAs must generally provide relevant third-party

documentation that evidences the external conditions that present serious obstacles to the PHA maintaining the units as healthy and/or
safe housing.
More Efficient/Effective Low-Income Housing: 24 CFR 970.17(b). A PHA must demonstrate the retention of the units is not in the
best interests of the residents or the PHA because the disposition allows the acquisition, development, or rehabilitation of units that
will be more efficiently or effectively operated as other low-income housing units. PHAs must generally demonstrate why other low-
income units are preferable (e.g., more energy efficient, better unit configuration, better location for resident in terms of transportation,
jobs, schools or racial or economic concentration). See PIH Notice 2012-7 (or any successor notice).
Best Interests of PHA and Residents & Consistent with PHA Plan & 1937 Act: 970.17(c). See PIH Notice 2018-04 (or any successor
notice).
Third-Party Agreement. Certain third-party agreements may require HUD review and approval under 24 CFR part 970. In this case,
the PHA must submit a SAC disposition application under this form to obtain HUD approval for the third-party agreement (including
completing and attaching justification narrative of the agreement under 970.17(c) or other applicable section of 24 CFR 970). In the
SAC application, the PHA must clearly indicate it is requesting HUD approval of a third-party agreement and attach the draft form of
third-party agreement to the application. If the PHA is not requesting that HUD release the ACC or Declaration of Trust (DOT) or
DORC from the property, it should put "0" in all fields for units, buildings and acreage. See PIH Notice 2018-04 (or any successor
notice).
Non-Dwelling Property: 970.17(d). A PHA must demonstrate that the non-dwelling structure or land exceeds the needs of the
development (after DOFA); or the disposition is incidental to, or does not interfere with, the continued operation of the remainder of
the development.
Method of Disposition (Question 2). In completing this section, PHAs should refer to the guidance at 24 CFR part 970 and PIH Notice
2018-04 (or any successor notice). PHAs may propose different methods of disposition in their SAC applications, including:
(a) Public Bid Fair Market Value (FMV) Sale (Cash). The PHA lists the public housing property on the open and competitive
market and solicits bids. Actual FMV may be more or less than the appraised value, depending on the market and may reflect
negotiations during the due diligence period.
(b) Negotiated Sale at FMV (Cash). The PHA negotiates a sale with an identified buyer based on the appraised value of the public
housing property. The PHA receives cash for the sale.
(c) Negotiated Lease or other Transfer at FMV (Cash). The PHA negotiates a lease (e.g. ground lease, capital lease) with an
identified entity based on the appraised value (leasehold and/or fee value) of the public housing property. The PHA receives
cash for the lease payments.
(d) Negotiated Sale or other Transfer at FMV (Seller-Financing). The PHA negotiates a sale with an identified buyer but instead
of receiving cash proceeds, the PHA receives a promissory note and/or mortgage or deed of trust. Payments are generally
made from deferred loan payments.
(e) Negotiated Sale at below FMV. The PHA negotiates a sale with an identified buyer for below FMV (often nominal value).
(f) Negotiated Lease or other Transfer at below FMV. The PHA negotiates a lease with an identified entity for below FMV
(often nominal value).
(g) Land-Swaps. The PHA negotiates a "land swap". In addition to meeting the requirements for a Negotiated Sale at FMV in B
above, the PHA must generally evidences that HUD has approved the acquisition of the property to be acquired in the "land-
swap" under 24 CFR part 905. If the property that PHA is proposing to acquire is valued less than public housing property
proposed for disposition, the PHA receives cash proceeds to make up the difference.
If the disposition is proposed via negotiation, the PHA must evidence the entity is a valid entity under State law and is in good
standing.
Commensurate Public Benefit (Question 3). In completing this section, PHAs should refer to the guidance at 24 CFR 970.19 and PIH
Notice 2018-04 (or any successor notice). HUD determines commensurate public benefit on a case-by-case basis. However, generally
the public housing property must be developed for affordable housing purposes serving low-income families (incomes at or below
80% of area median). HUD does not consider general public benefits (e.g., schools, libraries, fire stations, police stations and bridges)
to be approvable non-dwelling uses that primarily serve low-income families. A PHA may propose a preferred form of use restriction
(e.g., LIHTC extended use agreement, HOME agreement, reversion clause in transfer documents, provision in ground lease, separate
use agreement).
If applicable, PHAs may, but are not required, to complete the following table and submit with their SAC applications in order to
evidence the proposed commensurate public benefit, purpose and other disposition details:

Development Name Development Number
Proposed for Disposition: Building/s: , Units: , Acres:
Total number of units to be developed (or
Less than 80% of Area Median Income
preserved) on property:
Total number of non-dwelling buildings to be
ACC Non-ACC PBV Market Rate
developed (or preserved) on property: ,
Rental
For Sale
Name of Acquiring Entity (Rental Units)
Name of Acquiring Entity (initial developer) (For
Sale Units)
(e.g. 99-year ground lease; fee simple sale; Fair Market
Value)
Lease Price $ per year
Sale Price $
Purpose and or summary of Commensurate Public
Benefit (short description of units and non-
dwelling property to be developed/preserved)
Section 3: Proceeds
In completing this section, PHAs should refer to the guidance at 24 CFR part 970, PIH Notice 2018-04 (or any successor notice) and
any other HUD guidance on proceeds. In accordance with 24 CFR 970.19, PHAs describe their proposed use of estimated proceeds
(gross and net) in the SAC application.
Relocation Costs (Question 3). Pursuant to 24 CFR 970.21(e)(2), PHAs must pay for the actual and reasonable relocation expenses for
all residents who will be displaced from their public housing units as a result of a demolition and/or disposition action. HUD considers
the following to be eligible costs of relocation that can be deducted from gross proceeds: counseling and advisory services to residents
(including mobility counseling), moving expenses (including housing search costs), payment of a security and/or utility deposits at a
comparable housing, and costs of providing any necessary reasonable accommodations to residents in accordance with Section 504 of
the Rehabilitation Act of 1973 and other HUD guidance.
Reasonable Costs of Disposition (Question 4). Reasonable costs of disposition may include the following (although HUD may
disapprove any costs it deems unreasonable): (i) costs that PHAs incur in preparing the SAC application (e.g. environmental studies,
engineering costs of rehab estimates under 24 CFR 970.15, appraisal fees); and (ii) transactional (seller) closing costs (e.g., local
customary split of any brokerage fees, appraisal fees, survey costs, tax certificates fees, fees for recording the DOT/DORC release,
notary fees, title insurance fees, title company document preparation and closing fees, mailing and wire transfer fees, and reasonable
attorney fees), provided such costs are listed on the HUD-1 or other applicable settlement statement document.
Net Proceeds (Question 5). Net proceeds means proceeds realized after deducting relocation and disposition costs.
Section 4: Offer of Sale to Resident Organizations
In completing this section, PHAs should refer to the guidance at 24 CFR part 970 and PIH Notice 2018-04 (or any successor notice).
PHAs are eligible to exercise the exception from the offer of sale described at 970.9(b)(3)(ii) only in cases where the PHA has firm
plans to replace substantially all of the units proposed for disposition with the housing units for low-income families (even if those
housing units are not low-income housing units as defined by Section 3 of the 1937 Act). Note that a PHA cannot forgo giving
applicable resident entities an offer of sale based on speculation or general plans to build a facility to benefit low-income families.
Section 5: Certification
The Executive Director, Board Chairperson, or other authorized agent of the PHA, should sign and date this Certification.

Lansing Housing
Dear <insert mail merge>:
Over the last four months, LHC has notified you of proposed plans to transition the unit you currently occupy
from public houir -ig to the project-based voucher program under Section 8 of the United States Housing Act of
1937 through HUD's Section 18 disposition program.
On July 29, the application was submitted to HUD for approval which LHC expects in about sixty days. This is
a 90-day notice in advance of the transition of your unit to the project-based voucher program.
- This is a notice of non-displacement. You will not be required to move as result of the
transfer of ownership of your unit.
This notice is to inform you of the following:
1. Upon the approval of LHC's Section 18 application and the closing of the sale transaction, your unit
will be under new ownership. You will be able to lease and occupy your present apartment or
another suitable, decent, safe and sanitary apartment in LHC's portfolio under reasonable terms and
conditions.
2. In order to remain in your unit, you must qualify for the Section 8 program. Please reach out to LHC if
you have questions regarding your qualification status. LHC anticipates that ALL residents will qualify to
stay in their units but new certifications will need to be completed. LHC will launch the certification
process in the near future. Plenty of time will be given to complete the certification and the LHC team
will work directly with you during the process. Additional communication regarding certification timing
and details will be coming shortly.
3. Your rent should remain the same under the Section 8 program as it was under the public housing
program unless you paid a flat rent. If you paid a flat rent, your rent may increase to equal 30% of your
income over a five-year period.
TDD/TTY #: 1-800-545-1833 Ext. 919 Equal Housing Opportunity (N

Page 1 of 2
Lansing Housing
4. IF you do not qualify for the Section 8 program, or want to remain in a public housing unit, LHC will make
every effort to accommodate your needs.
5. You will be Eligible for a Section 8 voucher beginning 12 months from the date of the sale of the home.
A reminder will be sent in advance of that date to ensure that any resident who is interested will have
the opportunity to apply. This is voluntary process and residents who are not interested in a Section 8
voucher will continue to live in their home under the terms of their lease.
As long as you qualify for Section 8 project-based vouchers (LHC expects ALL residents to qualify), there is no
need for you to move. If you request to remain in one of LHC's public housing units and one is made available to
you, relocation assistance will be provided. If you do elect to move for your own reasons, you will not receive
any relocation assistance.
As in public housing today, you must continue to comply with the terms and conditions of your lease.
You will be contacted soon with more information about this transition. LHC will make every effort to
accommodate your needs. In the meantime, if you have any questions about our plans, please contact:
Peggy Brown at 517-614-9586 or peggyb@lanshc.org.
Sincerely,
Doug Fleming
Executive Director
TDD.ITTY #: 1-800-545-1833 Ext. 919 "Equal Housing Opportunity"

Page 2 of 2
From: Szybist, Kathleen A
Sent: Fri, 24 Jun 2022 16:30:57 +0000
To: Mapp, Phaedra
Cc: Hornstein, Jane B
Subject: FW: timing for Section 18 approval / sale
Another one with the consultant
From: Szybist, Kathleen A

Sent: Tuesday, February 15, 2022 9:08 AM
To: vvaughn@ccadev.com
Cc: sams@lanshc.org; John Schuster <jschuster@ccadev.com>; Davis, Joseph S
<Joseph.S.Davis@hud.gov>; Hornstein, Jane B <Jane.B.Hornstein@hud.gov>
Subject: RE: timing for Section 18 approval / sale
Agree with John. Additional comments below in purple.

Happy to talk through the relocation plan and/or any other issues if it would be helpful.
From: Gerut, John D <John.D.Gerut@hud.gov>

Sent: Friday, February 11, 2022 5:08 PM
To: Vicki Vaughn <vvaughn@ccadev.com>; Sam Spadafore <sams@lanshc.org>; jschuster@ccadev.com
Cc: Hornstein, Jane B <Jane.B.Hornstein@hud.gov>; Szybist, Kathleen A <Kathleen.A.Szybist@hud.gov>;
Davis, Joseph S <Joseph.S.Davis@hud.gov>
Subject: timing for Section 18 approval / sale
See answers in Red below. Adding SAC, and Joe for any additional info.
From: Vicki Vaughn <vvaughn@ccadev.com>

Sent: Thursday, February 10, 2022 10:35 AM
To: Gerut, John D <John.D.Gerut@hud.gov>
Cc: Sam Spadafore (sams@lanshc.org) <sams@lanshc.org>; John Schuster <jschuster@ccadev.com>
Subject: <External Message> timing for Section 18 approval / sale
John,
As a follow-up to our call on the Lansing scattered site Section 18 disposition, we wanted to clarify
timing. Once we submit our Section 18 application, SAC might take 60 days to review and sign-off.
1. Then what is the time frame from when the disposition actually has to happen? I will get a more
solid answer if there is a hard and fast time limit, but the PHA identifies a schedule in the plan
portion of the SAC application that is reasonable. Jane mentioned that a sale is considered
relocation. Following is a HUD web page with information about the timing of "relocation".
https://www.hud.gov/program offices/public indian housing/centers/sac/app. KS: Right, it
depends on the relocation plan—is the HA offering the families ONLY the opportunity to
remain in their units using PBV? Are they also offering the ability to move off-site with
tenant-based assistance? Are there any over-income families? These will impact when dispo
can occur. Families must be "relocated" before dispo can occur. If they are staying in place,
that could happen simultaneously. And, as noted in 4 below, HA must apply and receive the
TPVs that it needs for relocation prior to the actual dispo.
2. At what point does public housing funding end? It was my understanding, that we could get
Section 18 approval and that could be "held" until the sale is ready to go through. Operating
subsidy does not stop until the property is removed: Closing. Updated rules around Op and Cap
funding are found in the recent PIH Notice 2021-35
https://www.hud.govisites/dfiles/P1H/documents/PIH2021-35.pdf KS: Op Fund will be
impacted by first move out after days to relocation field in SAC application. See ARF notice
PIH Notice 2021-37 here: https://www.hud.gov/sitesidfiles/P1H/documents/PIH2021-
37.pdf Cap Funds will end after units are removed. But in next funding cycle, HA will be
eligible to received DDTF as the form of Cap Funds.
3) Is there a timeframe on that "hold"? Then once the sale and transfer of the properties happen,
is that the point that public housing funding stops? See above.
4) At that point, Lansing needs to have vouchers in place for residents (if that is the plan) so their
residency continues smoothly. Right. Once the SAC approval is received, the PHA applies for TPV's on
the eligible units. Part of that application includes a schedule for use of the TPVs.
Any guidance you can give us re timing requirements would be much appreciated.
Vicki Vaughn
443-286-3103
City Hall - 9th Floor
Andy Schor 124W. Michigan Avenue
Lansing, MI 489331694
Mayor P1-I: 517.483.4141 — FAX: 517.483.6066
l.ansing.MayorO)lansingini.gm
OFFICE OF THE MAYOR

CITY OF LANSING, MICHIGAN
June 1, 2022
RECEIVED JUN 13 2022
Douglas E. Fleming
419 Cherry Street
Lansing, MI 48933
Dear Mr. Fleming:
I am writing to express the City of Lansing's support for the disposition of approximately 202
scattered site houses/duplexes (235 total residential units) through the U.S. Department of
Housing and Urban Development (HUD) Section 18 program. It is to my understanding that
this process will transfer ownership of these homes to SK Investments Group and some will
be sold to existing residents.
Once the houses are sold to SK Investments, the Lansing Housing Commission (LHC) will
administer Project Based Vouchers (PBVs) to maintain the affordability of rents to the
current residents. Additionally, residents will continue to pay the same proportion of their
income as they did in the current public housing unit, but with an owner that has greater
access to capital for maintenance than public housing allows LHC. Moreover, these residents
will be eligible for a flexible tenant-based voucher (TPV) after one year of residency if they
so choose, and all units will undergo a HUD certified HOS inspection as a result of the sale. I
recognize that those houses sold to existing residents will become new homeowners and
that they no longer will need or will receive housing subsidies from HUD.
It is my belief that this transaction is in the best interest of LHC and its residents. I am
encouraged that the proposed transaction indicates the new owner will maintain these
units as affordable for the existing residents for at least 20 years and LHC will be involved
long term through the vouchering process.
I know that LHC will be able to use the proceeds from this transaction to improve existing
housing and develop new community specific affordable housing units in the future for the
Lansing area. This directly supports the City of Lansing's goals to further expand and
improve affordable housing in the City. It is also my understanding that the capital to
expand and improve the affordable housing in the City of Lansing would not be available to
LHC without this sale.

The above details related to disposition of scattered sites reflect my previously signed
endorsement of the Lansing Housing Commission's 5-Year and Annual Plans of 2020 and
2021. I recognize that this disposition of scattered sites through Section 18 is a part of the
broader strategic plan of the Lansing Housing Commission and its efforts to align with the
City of Lansing's goals to provide quality housing options to families who earn a variety of
income levels. The City of Lansing feels that the moving forward with this transaction would
be in the best interest of all involved.
I greatly appreciate our ongoing dialogue about LHC's broader strategic plan, and
specifically the details provided about the Section 18 program. Our discussions over the past
couple years have been beneficial for my administration and I to understand the positive
impacts of this transaction. Moreover, I appreciate the presentation at the Lansing City
Council meeting on Monday May 9th, 2022 where you covered LHC's strategic activities and
the specific details of the Section 18 scattered site sale. City Council raised some good
questions and you provided valid responses to them.
The City of Lansing is excited about the journey ahead for the residents of these homes,
LHC, and all its properties. We plan to provide support as needed and continue to
communicate and work with LHC on initiatives and opportunities to expand and improve
affordable housing in the City of Lansing.
Sincerely,
Schor
Mayor

-
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41963 .7Nlikk Highway CURTIS HERTEL IR
INGHAM COUNTY MICHIGAN
Charlotte 48813 REGISTER OF DEEDS
RECORDED ON:
10/06/3011 3:94 PM
PAGES: 16
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2011-036116 Ingham County MI Register of Deeds Pogo I of 16

• DECIMATION 097E11672011 LANSING HOUSIN
G GOMMISSION310 SEYMOUR AVENUELANSING MI 46993
M1065102 PARCEL: 33-01-01.06-103-021
•
LOT 2 EXC COM SE COR, TH N B8DEG
51MIN 36SCD W218.69 FT, W118.46 FT ON 633
LEFT WHOSE LONG CHORD BEARS A FT RAD CURVE TO THE
S 85DEG 46MIN 455C0 W 118.29 FT, N 01DEG 45MIN
• 33DEG 57MIN 405CD E 166.11 F7, S 88bEG 38SCD E 210 FT, N
14M1N 21900 E 195 FT, S 01DEG 4511IN 398CD W 139.12
88DEG19MIN 395C13 E 56.1 FT, S 01DEG FT, S,
18MIN 24S0D W 188.37 FT TO BEG; MOUNT VERNON
PARK
'3800 WILSON AVE PARCEL: 33.0 -01-06-103420
COM SE COR LOT 2, 711 N 88DEG 51MIN 36SCD
W 218.69 FT, W 118.46 FT ON A 633 FT RAD CURVE TO
LEFT WHOSE LONG CHORD BEARS S 85DEG THE
46MIN 4550D W 118.29 FT, N 01DEG 45MIN 39SCD E2138.26 FT,
33 DEG 57 MIN 40500 E 166.11 P78 88DEG N
14 MIN 21SCD E 195 FT, S 01DEG 45 MIN 3950D W S38.12
88DEG 19MIN 395CO E 56.1 FT, S 0113EG 18MIN FT, S
248CD W 188.37 FT TO BEG; MOUNT VERNON PARK
1108 ONTARIO PARCEL: 33-01-01-08-206-212
LOT 137 & WS FT LOT 138, ALSO E 9 FT OF LOT 138 & W
62 FT OF S 18 FT LOT 114 NORTH HIGHLAND SUB
1125 GLENN STREET PARCEL: 33-01-01-08-407.321,
LOT 8 GLENN ST SUB
1317 CHRISTOPHER PARCEL: 33-01-01-09.061

LOT 3 BLOCK 1GLENDALE PLACE
1338 CHRISTOPHER PARCEL: 33-01-01-09456.021

1401 HILLSDALE STREET PARCEL: 33-01-0147-38

6-061
LOT 56 MCPHERSONS HFATHRWOOD SUB NO 2
1405 MARTIN LUTHER KING BLVD PARCEL: 33-01-0

1-08-208-216
LOT 139 & E 33 FT OF 101138 &e 70 FT OF S 18 FT LOT
174 NORTH HIGHLAND SUB
1447 ROBERTSON AVE PARCEL: 33-0141-08-205411
1449 COMFORT PARCEL: 33-01-01-08428-253

566 FT OF E 173.25 FT LOT 11 ASSESSORS PLAT
NO 11
1501 COMFORT PARCEL: 33.01.01-08425-265
N 66 FT OF S 132 FT OF E 173.25 FT 1.0111 ASSESSORS MAT
NO 11
1503 ROBERTSON PARCEL: 3341-01-08-205-121
LOT 33 EXC 812 Fr ALSO S 20 FT LOT 34 NORTH HIGHL
AND SUB
1507 COMFORT STREET PARCEL: 33-01-0148-12
8-267
1507 ROBERTSON PARCEE: 33-01-01-08-205-132

LOT 35, ALSO LOT 34 EXC $20 FT NORTH HIGHLAND
SUB
1513 COMFORT PARCEL: 33-01-01.08428-269
$ 65 FT OF E 173.25 FT LOT 12 ASSESSORS PLAT NO 11

LOT.184 & N 16.5 FT LOT 185 KNOLLWOOD PARK
1717 GLENROSE AVENUE PARCEL: 33-01-01-08.127-451.

LOT 27 ASSESSORS PEAT NO 12
2011-036119 Ingham County 511Register caceds Pag42 of 16

DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 910 SEYMOUR AVENUE.LANSING
M/ 46933
2109 DARBY DRIVE PARCEL 33-01-01-06455471
2700 WESTBURY RD PARCEL: 33-01-01436-428-008

S'LY 120 FT OF:COM SE COR DELTA RIVER DR & WESTBURY RDS, TH 5263.6 FT, NE'LY
102.3$ FT ON N LINE
LOT 1 DELTA HEIGHTS SUB, N 237.7 FT TO S LINE DELTA RIVER OR, SW'LY 102.3 FT TO BEG;
SEC 6 T4N Ft2W
2840 CYNWOOD PARCEL: 33-01.01.05.422.031

3025 SHEFFER PARCEL: 33.01-01-06-127-214

L0T42 WESTMONT SUB

3013 YOUNG AVE PARCEL: 33-5141-0G-177475


3025 SHEFFER PARCEL: 33-01-01-06-127-214

LOT 42 WESTMONT SUB
3101 SHEFFER PARCEL: 39.01.0106-127-204

LOT 41 WESTMONT SUB
3108 TECUMSEH AVE PARCEL: 33-0141-05.182-031

LOT 111 M MITSHKUN SOAK GROVE SUB NO 2

.
3210 YOUNG AVENUE PARCEL: 33-01-01-06.130-091•
3309 WESTMONT PARCEL: 33-01-01-06-128-211

LOT 87 WESTMONT SUB

LOT 86 WESTMONT SUB

508 N CHESTNUTPARCEL: 33.131.01-06-108-072

N 62 FT OF W 115.5 FT LOT B BLOCK 72 OHIO PLAT
. 527W MAPLE STREET PARCEL: 33-01-01-09-307-001

W % LOT 12 BLOCK C SUB OF BLOCKS 26 & 27 ORIG PLAT
2011-036119 Ingham County MIRcester of Deeds Page 3 of 16


W 115.5 FT LOT 7 & W 115.5 FT OF S 4 FT OF LOT 8 BLOCK 72 ORIG PLAT
422W GENESEE STREET PARCEL: 33-0141-16-108.092

• W115.5 FT LOT 7 & W 115.5 FT OF S 4 FT OF LOTS BLOCK 72 ORIG PLAT

N 62 FT OF W115.5 FT LOTS BLOCK 72 ORIG PLAT
508 N CHESTNUT STREET PARCEL: 33-01-01-16-108-072 •

M1058103 PARCEL: 33-01-01-04-176-041 -

LOT 106 SUPREVISORS PEAT OF WALKER HEIGHTYS NO I ALSO COM E118 POST SEC 4, WILY ALONG S'LY
LINE OF FAIRFIELD GARDEN SUB 810.10 FT, S ODEG 32 MIN 05SCD E ALONG ELY LINE TURNER SYr 440 FT, N
89DEG 40MIN 405CD E 805.99 FT, N TO BEG: SEC 4 T4N R2W HILDEBRANT PARK
1009 SHEPARD PARCEL: 33471-01-22-230-071

1013 SHEPARD PARCEL: 33-01-01-22-230-081


1025 E1ENSCH STREET PARCEL: 33-01-0122-20G-01l

1027 SHEPARD STREET PARCEL: 33-0141-22-230431


108 FAIRFIELD PARCEL: 33-01-01-04426421


LOT 164& NY, LOT 163 CITY PARK SUB
/113 DAKIN PARCEL: 33-01-01-22-253-041

1116 LESLIE STREET PARCEL: 33-0141-22-277-171


1124 BENSON STREET PARCEL: 33-01-01-22-251-191

LOT 103 EXCELSIOR LANb COMPANYS SUB

2011-036119 16ghstm County MIRegisler of Das Page 4 of 16

DECUTATION,OF TRUST 2011 LANSING HOUSING COMMISSION
310 SEYMOUR AVENUE.LANSING MI 48933
1125 LESLIE STREET PARCEL: 33.01-01-22-278.061
1.01111 CITY PARK SUB
• 1127 HICKORY STREET PARCEL: 33-01-0146476491

LOTS 37 & 38 BLOCK 2 LANSING IMPROVEMENT COMPANY
S ADD

1131 SHEPARD STREET PARCEL: 33-014142-277-061

5136 LESLIE STREET PARCEL 33-01-01-22478-091


1141 LESLIESTREET PARCEL: 33-01-01-22478-111

LOT 116 CITY PARK SIM
1143 LESLIE STREET PARCEL; 334t-01-22-2781Z1

LOT 117 CITYPARK SUB
1200 PARKVIEW AVENUE PARCEL: 334141 22176-441

COM NW COR LOT 75, TH W50 FT, S ODEG 37MIN W 104.5 FT, E 50 FT, N TO BEG; HUNTINGTON
HEIGHTS SUB
1202 PARKVIEW PARCEL: 33-01-01.22476-431
1207 SHEPARD PARCEL: 33-01-01-22-282-021

L01206 CITY PARK SUB
1216 WIELAND STREET PARCEL: 33-01411-03-382105

1217 WHYTE PARCEL 33-01.01-10428421

LOT 6 CUSHION REPEAT NO 2 REC L 29 Fi 2
1218 N HIGH_STREET PATCEL: 33-01.0110-154-282

S 18.5 FT LOT F&N 54 FT LOT 4 ELOCK 1 HANDY HOME ADD
1220 N HIGH STREET PARCEL: 334)1-01-10-154-282

S 16S Fr LOT F&N 54 FT LOT 4 BLOCK 1HANDY HOME ADD

1223 WHIM STREET PARCEL: 33-01-01-1O428431

LOT 7 CUSHION REPLAY NO 2 REC L 29 P 2
•
4
20114136119 Ingham County MIRegister of Deeds Pop S o116

•
DECLARATION OFTRUST2011 LANSING HOUSING
COMMISSI0N310 SEYMOUR AVENUELMSING MI 48933

1235 REGENT STREET PARCEL: 33-01-01-22-279481

• 1239 REGENT STREET PARCEL 33-01-01-22-279491

124 E. HOWE AVENUE PARCEL: 33-01-01-01-261-221

L01123 SUPERVISORS PLAT OF WALKER HEIGHTS NO 1
1243 ALLEN STREET PARCEL: 33-01.01-22-281-111

•
1246 LATHROP STREET PARCEL: 33-01-01-22-258421

LOT 110 PARKVIEW LAND CO ADD.
1435 PERKINS STREET PARCEL: 33-0141-22-254-091

E 35 FT LOTS423,424;425, & 426 EXCELSIOR LAND COMPANYS SUB

LOT 19 & 842 FT LOT 20 BLOCK 1 HANDY HOME ADD

LOT 19 8 S21 FT LOT 20 BLOCK 1 HANDY HOME ADD
1629 NEW YORK AVENUE PARCEL: 3341-01-10-153-341

1559 N HIGH STREET PARCEL 33-01-01a153-341

1636W I UGH STREET PARCEL: 33-01-0110407-071

521 FT LOT 14 8 N 24 FT LOT 15 BLOCK 1BALLARDS ADD -
2212 TURNER STREET PARCEL: 33-01-01-04-454-045

COM 1423 FT NYVIY FROM INT'N NE CCM TURNER ST & MOSLEY AVE, THE 120 FT,
NAV( TO PLY LINE TURNER ST, 8120 FT. SE'LY 60 FT TO BEG; SEC 4 TAN R2W

COM 202.7 FT NIAPLY FROM INT'N NE COR TURNER ST 8 MOSLEY AVE, THE 120
FT,
NWILY LINE TURNER St W120 FT, SE'LY SOFT TO BEG; SEC 4 T4N R2W

LOT 48 HYLEWOOD SUB
319 HYLEWOOD AVENUE PARCEL: 33-01-01-04-14403.201 -

LOT 49 HYLEWOOD SUB
•
5
2011-036119 lughtun County 811Register of Deeds Pago6 0116

DECLAFATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR
AVENUEIANSING MI 413933
405 N MAGNOLIA AVENUE PARCEL: 3341-0144408341
407 N MAGNOLIA AVENUE PARCEL: 33-0141-14408-351

• LOT 116 COLUMBIA PARK
412 W FREDERICK AVENUE PARCEL: 33-01-01-04403-091


LOT 39 HYLEWOOD SUB

500 MIFFLIN AVENUE PARCEL: 3341-0144-379-221

LOT 289 SNYDERS SUB
512 FAIRFIELD AVENUE PARCEL: 3341-0144-379481

LOT 293 & COMM NW COR LOT 293, TI-I 5 TO SW COR LOT 293, W 5 FT, N TO PT 5 Fr W OF
517 COMMUNITY STREET PARCEL; 33-01-01-04-230421

528 MAGNOLIA AVENUE PARCEL: 33-01-01-14-328-492

LOT as, ALSO VAC ALLEY COM NW COR NOT 298, TH W 5 FT, S 33 FT, ES PT, N 33 FT, TO BEG,
LESLIE PARK
SUB
537 COMMUNITY STREET PARCEL: 33-01-01-04-230461

541 COMMUNITY STREET PARCEL: 33-01-0144-359-361

610 S HAYFORD AVENUE PARCEL; 33-01-0144-359-361

LOT 149 LANDING ADDITION COMPANYS SUB REC L 6 P20
616 S FOSTER AVENUE PARCEL: 33-01-01-14-363-28f

LOTS BROWNS SUB OF A PART OF OUTLCiTSA AND B OF SNYDERS ADO '
636 S HAYFORD AVENUE PARCEL: 33-01-0144-359-281

640 S HAYFORD AVENUE PARCEL: 33-01-01-14459-271

644 S HAYFORD AVENUE PARCEL: 33-014144459-261

LOT 138 LANSING ADDMONCOMPANYS SUB REC L 6 P20

LOT 8 WILEYS SUB REC L 1 P33
2011-036119 Ingham County MIRcgislcr uf Dccds Fop 1 (416

DECLARA110120FTRUgT 2011' LANSING HOUSING COMMISSION 310 SEYMOUR
AVER UE.LANSING MI 40933
813N PENNSYLVANIA AVENUE PARCEL 33.01-01-10-351-151

, LOT 8 WILEYS SUB REC L 1 P33

- LOT 273 .4 2 FT LOT 272 EXCELSIOR LAND COMPANYS SUB
MI058 ADMINSTRATIVE OFFICES.

The South 210 feet of Block 84, original Plat, city of Lansing, Ingham County, MIôhig Si
MI107-33-01-01-31427-011 .io0
S12 A EXC E 190 FT OF NE % OF SE %SEC 31 14N R2W-LAROY FROH
1109 FERLEY STREET PARCEL: 33-0146-05-276-076


•• W 65 FT OF E 108 FT OF N.1.10 FT LOT 24.SUP RVIS ORS PLAT OF PROSPERITY FARMS

COM 267 FT W OF CEN SEC 4, TH S 159.5 FT, W60 FT, N 159.6 FT, EGO FT TO EIEG; 5E04 T3N R2W
127W NORTHRUP STREET PARCEL: 33-01-05-04330-141

COM 327 FT W OF CEN SEC 4, TH $ 159,5 FT, W 60 FT, N 159.5 FT, EGO FT, TO BEG; SEC 4 T3N R2W
1610 W MILLER ROAD PARCEL: 33-01-05.05478-131


1738 W JOLLY ROAD PARCEL: 33-014142-376412

201 W NORTHRUP STREET PARCEL: 3341--5-04-330-001

COM 387 FT W OF CEN SEC 4, TH S 159.5 FT, W 69 FT, N 159.6 FT, E69 FT TO BEG; SEC 4 T3N R2W

S 100 FT LOT 1791NEBSTER FARM SUB NO 3

LOT 3NEWARD TERRACE'


306 DADSON DRWE PARCEL: 33-01-05-09.326-159

308 DADSON DRIVE PARCEL: 33-01-5-09-326-159 • ,

2011-036119 Ingham County MIRegister of Deeds Page 8 of 16

314 DADSON DRIVE PARCEL: 3341-0549-326-157


E % LOT 45 MAPLE GROVE FARMS NO 1
3415 W JOLLY ROAD PARCEL: 33-01-05-06-126.252

E %LOT 45 MAPLE GROVE FARMS NO I
419 W JOLLY ROAD PARCEL: 33-0145-06428-256

W %LOT 45 MAPLE GROVE FARMS NO 1

W % LOT 45 MAPLE GROVE FARMS NO 1

W 63 FT OF N 125:FT WI" 41 PomoGROVE FARMS NO 1

400 DADSON ROAD PARCEL: 33-01-05-09426-155

4025 GLENBURNE BLV PARCEL: 23-5-4-38-405-101

4132 BALMORAL DRIVE PARCEL: 23-50-4046401421



4206 COURTLAND DRIVE PARCEL. 23-50-4046-402-081

4211 ALMORAL DRIVE PARCEL: 23-50-40-36-402-084


LOT 237 GLENBURNE NO $
4217 GLENBURNE BLVD PARCEL: 23-504046407-031


4223 BALMORAL DRIVE PARCEL: 23-5040-36-327-091 "

2011436119 :Ingham County MIRegister of Dads Pogc 9 of 16

OECLAEIA110NOF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE.LANSING MI 48939


4248 GLENBURNE BLVD PARCEL: 23-50.40-36-328-151

4300 COUFtTLAND DRIVE PARCEL: 23-504046-327-041


4309 BALMORAL DRIVE PARCEL: 23-5040-38-329401

LOT 263 GLENBURNE N05

4321 COURTLAND DRIVE PARCEL: 23-504046-328441

. 4327 GLENBURNE BLVD PARCEL: 23404046429481

. 4329 GLENBURNE BLVD PARCEL: 23-50-4046-329481



LOT 281 GLENBURNE NO

4343 GLENBURNE DRIVE PARCEL: 23-504036-329-061

LOT 316 GLENBURNE NO 6 .


4520 HUGHES STREET PARCEL: 3341-0142303-121

4638 CHRISTIANSEN ROAD PARCEL: 3341-01-32353-511

2011-036119 Ingluun County MI Register of Deeds Page 10 of 16

DECIAPATION OFIA05112011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE.LANSING MI 48933
4640 CHRISTIANSEN ROAD PARCEL: 33-01-01-32-353411

4730 BALLARD ROAD PARCEL: 33-01-01-31-451-022

4911 CHRISTIANSEN ROAD PARCEL: 3341-01-32-376-201

5018 STARR AVENUE PARCEL: 33-01.01-32-151-211



N600F W 160 ET LOT 8 MAPLEGROVE FARMS NO.1
53278 WAVERLY•ROAD PARCEL: 33-01-0546-161-035

N 60 OF W 150 FT LOTS MAPLE GROVE FARMS NO 1
5419 S WAVERLY ROAD PARCEL: 33-0145-06-151-089

W150 FT OF N 66 FT LOT 11 MAPLE GROVE FARMS NO 1

W150 PT OF N 66 FT LOT 11 MAPLE GROVE FARMS NO 1

5716 HAAG ROAD PARCEL: 33-01-05-06-328-121

5800 DURWELL DRIVE PARCEL: 33-01-0505428481


LOT 42 BURNETT SUB
5840 PHEASANT AVENLIEPARCELf 310146-06433-112 '

E 100 FT LOT 58 FT SUPERVISORS PLAT OF WEBSTER FARM SUB NO 2
5852 PHEASANT AVENUE PARCEL: 3341-05-06-432472


LOT 27 VALLEAU CITY
6036 HAAG ROAD PARCEL: 3101-05-05479-151

6038 HAAG ROAD PARCEL: 33-01-O5-O5-379-151

10
2011.036119 Theban County MIRegIsier Uncials Page 11 0f16

DECLAMTION OF TRUST 2011 LANSING HOUSING COMMISSION
310 SEYMOUR AVENUELANSING MI 48933
6042 HAAG ROAD PARCEL: 33-01-05-05-379441

6042 HAAG ROAD PARCEL: 3301-05-05479-141

6048 HAAG ROAD PARCEL: 3301-05-05479-131

6050 HAAG ROAD PARCEL: 33.01.05-05.379-131


6061 SCHAFER ROAD PARCEL: 334)145-04-352.151

6063 SOL:II/BROOK AVENUE PARCEL: 33-01-05-05-431-291

6065 SOUTHBROOK AVENUE PARCEL: 33-01-0545-431-291

6101 GROVENBURG ROAD PARCEL: 33-01-05-08401451

LOT 1 TARELTON SUB
.6103 GROVENBURG ROAD PARCEL: 33-01-05-08-101-351

LOT 1TARE-LTON SUB

LOT 2 TARELTON SUB
6115 GROVENBURG ROAD PARCEL: 33.01-05-08-101-361

LOT 2 TARELTON SUB
6119 GROVENBURG ROAD PARCEL: 33-01-05Q8401471

LOT 3 TARELTON SUB

LOT 3 TARELTON SUB

LOT 4 TARELTON SUB
8129 GROVENBURG ROAD PARCEL: 33.01-0548-101481

LOT 4 TARELTON SUB
6200 DAFT STREET PARCEL: 33-01-5-08405445

LOT 97 SOUTHFIELD

LOT 5 TARELTON SUB
11
2011-036119 Ingham County MI RegLsteraf Deeds Logo 12 of 16

•
DECLARATIONOF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUE.LANSING MI 48933
6203 GROVENBURG ROAD PARCEL: 33-01-05-08-101.391.

LOTS TARELTON SUB
6209 GROVENBURG ROAD PARCEL: 33-01-05-08401.401.

LOTS TARELTON SUB

LOTS TARELTON SUB
6215 COOPER ROAD PARCEL: 33-01435-08402-031

N 3/4 LOT 28 SUPERVISORS PLAT OF MILLER ROAD FARMS

LOT 7 TARELTON SUB
p217 GROVENBURG ROAD PARCEL 33-01.05.06401441

LOT 7TARELTON SUB
6264 COOPER ROAD PARCEL: 33-01-05-09401-161

NIA OF 35 SUPERVISORS PLAT OF MILLER ROAD FARMS
62675 WASHINGTON AVENUE PARCEL: 33-01-05.09401415

NO 60 FT LOT $4 SUPERVISORS PLAT OF MILLER ROAD FARMS.
6270 COOPER ROAD PARCEL: 33-01.05-09401-155


LOT 33 E(C N 66 FT SUPERVISORS PLAT OF MILLER ROAD FARMS
6332 ROSEDALE ROAD PARCEL: 33-01-05-09477-345

N 14 LOT 32 SUPERVISORS PLAT OF ELMWOOD ESTATES
5400 HILLIARD ROAD PARCEL: 33-01-05-09-152441

LOT 80 SUPERVISORS PLAT OF RADIO ESTATES..
64053 WASHINGTON AVENUE P8RCEL: 33-01-05-09451-033

LOT B SUPERVISORS PLAT OF RADIO ESTATES
6515COOPER ROAD PARCEL: 33-01-05-09452431

LOT 59 SUPERVISORS PLAT OERADIO ESTATES
6519 SOMMERSET ROAD PARCEL: 33.01-05-09-177-162

6523 SOMMERSET ROAD PARCEL: 33431-05-09477466

555 FT OF N 110 FT LOT 85 SUPERVISORS PLAT OF ELMWOOD FARMS
6923 RICHARD ROAD PARCEL: 33-01-05-09.377.051


12
2011-036119 Ingham County MIRegLster af Deeds Page 23 o116

DECLARATION OF TRUST 2011 LANSING HOUSING COMMISSION 310 SEYMOUR AVER UE.LAN SING MI 48933


L0130 BONNIE BLAIR ESTATES

904W MILLER ROAD PARCEL: 33-01-05-05431411

LOT 1SOUTHBROOK SUB

910W MILLER ROAD PAFLGEL; 33-01-05-05,431-301 .

, ,
WAREHOUSE
3337 REM? DRIVE PARCEL: 33-01-01-05403-031
MI112-33-01-01-29476-121 S WASHINGTON PARK

PART OF SE % SEC 29 & SW % SEC 28 COM AT SE COR LOGAN CREST SUB, TH 531 DEC 07MIN MECO W
592.07 FT ON W LINE WASHINGTON AVE 33 FT FROM CL, N 58 DEG 52 MIN 55SCb W 108.55 Fr, VV'LY 145.18 FT
ALONG CURVE TO LT WHOSE RADIUS IS 333 FT & WHOSE CHORD BEARS Nil DEG 22 MIN 18SCD W 144.03
FT, N 161.34 FT, N139DEG 52 MIN 39SCD W 38.98 FT, N 00 DEG Cl MIN 40 SC0 E 244.58 FT, S 89DEG MAIN
01SCD E 574.42 FT TO BEG; SEC 29 T4N R2W SEC 29 T4N R2W

LOTS DELRAY MANOR
1003 BELAIRE AVENUE PARCEL: 33-014142479-131

LOT 9 DELRAY MANOR

LOT 10 DELRAY MANOR

LOT 10 DELRAY MANOR


2113 FOREST ROAD PARCEL: 33-01-01-23401401'

COM 364 FT E OF W % POST, TH N 660 FT, E 296 FT, $660 FT, W120 FT, N 200 FT, S 200 FT, W 80 FT TO BEG;
SEC 26 T4N R2W

13
2011-036119 Ingham County MIRepster orDeeds Page 14 ar 16

•
2328 CLIFTON AVENUE PARCEL: 33-01-01-270179-121

. LOT 221 SOUTH GARDENS NO 2
2418 HERRICK DRIVE PARCEL: 3341-01-30-476431

IN 101 FT LOT 409 PLEASANT GROVE SUB NO 1

E %LOT 8 BLOCK 3 DEWITTS SUB
2531 DIER STREET PARCEL: 33-01-01.35-326-091


LOTS BLOCK 4 DEWITTS SUB

LOT 52 LEAWOOD SUB
2807 DUNLAP STREET PARCEL 33-014140476.571_

LOT 10 BLOCK 3 DEWITIS SUB
2609 DIER STREET PARCEL: 3341.01-035-324111

2613 WABASH ROAD PARCEL: 3341-01-26452431

LOT 51 LEAWOOD SUB
2615 DUNLAPSTREET PARCEL: 33-0141-30476-001

LOT 11 BLOCK 3 DEVVITTS SUB
2716 FIRESIDE DRIVE PARCEL: 3341-01-26452-191

LOT 35 LEAWOOD SUB
310 DENVER AVENUE PARCEL: 33-01-01-28-405471

E26 FT LOT 19 W 18.5 FT LOT 18 ELM VIEW SUB

LOT 70 & COM NE COR LOT 70, TH SE'LY SOFT TO SE CUR LOT 70, E'LY ON A PROJECTIN OF S LINE SAID LOT
25.65 FT, NIAPLY SOFT ALONG A LINE PAR L & 25 FT DISTANT FROM E'LY LINE SAID LOT, IAFLY 25,85 TO BEGS
HOLMESDALE SUB
3121 VIKING ROAD PARCEL; 33-01-01-30-476-061

319 FENTON AVENUE PARCEL: 33-01-01.33-254-071

321 FENTON AVENUE PARCEL 33-01-0143-254-071

3207 MALONEY STREET PARCEL: 33-01-01-30477-071 .

3213 AVALON STREET PARCEL: 33-01-0140478-321

N40 EXC E 66 FT LOT 410 ALSO W101 FT OF 5 30 FT LOT 410 PLEASANT GROVE SUB NO 1
14
2011-036119 Ingham County MIRegIster etDeeds Page IS of 16

DECLARPON.OF 'TRUST 2811 LANSING HOUSING COMMISSION 310 SEYMOUR AVENUELANSING MI 48933
323 FENTON AVENUE PARCEL: 33-01-01-33-254-08;

32$ FENTON AVENUE PARCEL: 33-01-01-33-254-081

:LOT 85 JESSOPS HOME GARDENS SUB
3509 BURCHFIELD-DRIVE PARCEL: 33-01-0142-226.412

3619 WILDVVOOD AVENUE PARCEL; 33-01411-33-231411

LOT 295 MAPLE HILL
3622 BURCHFIELD DRIVE PARCEL: 33-01-0142-226441

LOT 45 & S 'I. LOT 46 SUPERVISORS PLAT OF BURCHFIELD SUB

LOT 63 POSTER SHQLMES ROAD SUB
4900 TENNY STREET PARCEL: 3341-0143453481

LOT 12 EXC N SOFT SUPERVISORS PLAT OF BROOKDALE SUB
5018 S WASHINGTON AVENUE PARCEL: 33-01-01-32481-212

CIN 25 FT W & 264 FT N OF SE COR SEC 32, 71-1W 222.44 FT, N 66 FT, E222.44 ET, 866 ET- TO BEG; SEC 32 T4N
R2W
5024 S WASHINGTON AVENUE PARCEL: 33414142-481-201

COM 25 FT W & 198 FT\ NO OF SE COR SEC 32,111W 222 FT, N 66 FT, 6222 FT, S IF BEG; Stc 32 T4N R259
630 ARMSTRONG ROAD PARCEL: 33-01-0/-05-04-276-151

Lone CEDARWAY HOMESITES
636 ARMSTRONG ROAD PARCEL: 33-01-05-04-276451

700 JESSOP AVENUE PARCEL: 33-01-0544-158-001

LOT 457 MAPLE HILL
942 VINCENT COURT PARCEL: 3341-0132476441

El 140 FT LOT 43 SONNENBERGS HALF ACRE SUB
944 VINCENT COURT PARCEL: 3341-0142476-041

8140 Fit 0143 SONNENBERGS HALF ACRE SUB "
15
2011436119 Ingham County MIRegister of Death Page 16 of 16

LANSING HOUSING
COMMISSION

PREPARED: i-ebruary 28, 2022

P 630.405.6501 P 630.405.6595
F 630.405.6511 F 630.405.6595
c 773.573.7978 C 404.964.5398

highest value would be achieved from a buyer valuing based on comparables and cost, rather than via the income approach.
Sincerely,
Kyle Shoemaker
Managing Director

2013.
OFFERING PROCEDURES

PRICING AND
FINANCIAL ANALYSIS
Executive Summary
Price Summary
Unit Mix Analysis
Income and Expenses
EXECUTIVE SUMMARY

All Cash Summary

RENT ROLL SUMMARY

32 2 Bed Duplex $26,528 $829 $909 $1,128
38 3 Bed Duplex $41,420 $1,090 $1,171 $1,302
37 4 Bedroom Units $40,663 $1,099 $1,453 $1,264
10 5 Bedroom Units $12,690 $1,269 N/A $1,604
242 Totals 431,115 $248,362

Vacant Averages 1781 $1,026 $444 $535
PRICING SUMMARY
Based on today's investment environment, we expect a trade price to fall between
$12,750,000 to $14,500,000
Purchase Price Price Per Unit Year 1 Cap Rate All Cash IRR Initial Cash on Cash Leveraged IRR
$15,000,000 $61,983 6.77% 7.56% 10.51% 16.46%

$14,750,000 $60,950 6.88% 7.80% 11.06% 17.19%
$14,500,000 $59,917 7.00% 8.04% 11.63% 17.93%
$14,250,000 $58,884 7.13% 8.29% 12.22% 18.68%
Trade Price $14,000,000 $57,851 7.25% 8.54% 12.84% 19.44%
Range $13,750,000 $56,818 7.38% 8.80% 13.47% 20.21%
$13,500,000 $55,785 7.52% 9.07% 14.13% 20.99%
$13,250,000 $54,752 7.66% 9.34% 14.81% 21.78%
$13,000,000 $53,719 7.81% 9.62% 15.52% 22.59%
$12,750,000 $52,686 7.96% 9.90% 16.25% 23.42%
$12,500,000 $51,653 8.12% 10.20% 17.02% 24.26%
INCOME AND EXPENSES


Total Expenses $1,815,000 $7,500 $4.21 62.78%
LANSING HOUSING
COMMISSION
242 Units
Single Family
Duplexes

P 630.405.6501 P 630.405.6595
F 630.405.6511 F 630.405.6595
c 773.573.7978 C 404.964.5398
www.ahibinc.com
www.ahibinc.com
AFFORDABLE HOUSING
jA • •
Lansing Housing
commissi ON 419 Cherry St., Lansing, MI 48933 Telephone: (517) 487-6550 Fax: (517) 487-6977
Overview
The Lansing Housing Commission (LHC) is pursuing the sale of its scattered site locations through HUD's Section
18 Program. This document has been developed to provide information about the Section 18 Program through
frequently asked questions. This should be considered a working document as LHC continues to work with HUD,
potential ownership group, and potential future resident homeowners. As a result the LHC team may update
and/or add questions and details to this document.
What is Section 18?
Section 18 allows public housing agencies to demolish or sell their public housing units.
Section 18 is a HUD designed program to support HUD's initiative to transition affordable housing from public
housing platform (Section 9) to more voucher based (Section 8) housing platform. Section 18 allows housing
agencies, like LHC, to demo or dispose (sell) qualifying assets.
Why was Section 18 created?
Over the last decade, the government's funding for public housing has fallen below sustainable levels. The result
is that public housing units need significant capital improvements and the public housing funding provided and
funding tools available are not adequate and will not be in the future. The gap between funding provided and
funding needed is only likely to grow larger for units remaining in public housing. Section 18 allows for new
funding tools and opportunities.
The proceeds from the sale of the properties will allow LHC to acquire and rehab affordable housing units in the
Greater Lansing Area.
What are the expected benefits of LHC's use of HUD's Section 18 Program?
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TDD/TTY #: 1-800-545-1833 Ext. 919 "Equal Housing Opportunity" (N'

Page 1 of 4
•
Lansing Housing
How is HUD involved in the Section 18 Program?
LHC has been working with HUD teams over the past couple years on RAD and Section 18 Programs. HUD is
responsible for approving the Section 18 sale of the scattered sites.
LHC will submit a very detailed application to HUD. HUD will review and provide feedback accordingly. The
application includes significant amount of detail about the sites, sale price information, and overall program.
What will happen to houses following the sale?
At this point there are primarily 2 end results for the home.
1. Sold to a new ownership group with a project-based voucher (PBV) and commitment to keep the houses
affordable for at least the next 20 years.
2. Sold to existing or other qualifying resident as new homeowners for their use and purpose. There will not
be a PBV or any other subsidy tied to the unit. This will become like any other individually owned home in
the city.
Will residents have to move?
No. Residents in good standing and qualifying will not have to move, these are mainly the same requirements for
the public housing program today. Residents are encouraged to contact LHC scattered site staff to confirm
standing. The LHC team will work with residents to improve standing (as needed and possible) prior to sale of the
scattered sites.
What is a Project-Based Voucher (PBV)?
A PBV means that vouchers (subsidy from HUD) are attached to specific units. The voucher stays with the unit for
at least the next 20 years. In the event a resident moves out, the voucher stays with the unit it does not move with
the resident like other housing choice vouchers. As LHC does at other sites today, it will administer the PBV
program through a HAP contract with the new ownership group.
Will the sale of the scattered sites affect housing assistance?
Under Section 18 and the sale of the scattered sites, your current public housing lease will end and your new
lease with a new owner will begin using a PBV.
Will resident rents go up?
Rent will remain the same unless household income has changed.
Resident rents will continue to be based on 30% of income, as it is today under public housing. Therefore, unless
residents have had a change in income or household size, rents should not change. If a resident has
experienced a change in income or household size, rent will be updated accordingly, similarly to how it would be
done today in public housing.
Residents who were previously paying a flat rent as a public housing resident may experience a rent increase
because Section 8 rents are income-based.

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Lansing Housing
Can residents request a Section 8 voucher to move somewhere else?
Following 12 months in the PBV program residents may submit a request in writing that they wish to receive a
Section 8 Voucher. A Section 8 voucher would travel with the resident, the PBV will still stay with the existing
unit. Once a Section 8 voucher becomes available, the resident will be rescreened for eligibility to receive one.
Eligibility for a Section 8 Voucher is determined on current standing, residents may not owe any rent, have unpaid
charges, or be under eviction status.
If residents are interested in a Section 8 voucher prior to the 12-month period in the PBV unit, they can apply
when waitlists are open throughout the year.
When is the Section 18 process expected to complete?
LHC will continue to work with HUD and the prospective buyers over the next few months. The Section 18
process is expected to be complete in Fall 2022.
I am a resident, what do I need to do now?
As a resident if you are interested in purchasing your home you should have submitted your intent to purchase
your home to LHC. You now have until July 1s, to work with financial institutions and local agencies to get
prequalified. Below is a list of resident responsibilities for the homeownership option:
Homeownership - Resident Responsibilities
Work with agencies and/or financial institutions for homeownership programs and financing to purchase. Potential
agencies to contact include:
• Capital Area Housing Partnership (CAHP)

• Habitat for Humanity
• Residents are encouraged to explore other agencies that may have homeownership programs
Provide a letter from an agency and/or financial institution by Friday July 1st stating you are pre-qualified to
purchase a home. Pre-qualification letter should be scanned and emailed to karenc@lanshc.org or mailed
to/dropped off at 405 Cherry Street Lansing, MI 48933.
PBV - Resident Responsibilities
As a resident if you are not interested in purchasing your home and you plan to stay in your existing home with
the PBV you should be looking for communications and meeting notices from LHC.
Continue to monitor communications from LHC and attend informational meetings.
Receive and complete any additional paperwork requests from LHC in a timely fashion. LHC will initiate this
process, so there isn't much for residents to do under this option until:
• New packets will be required prior to or at the same time of the transaction closing
• LHC will send these requests out around the time of close late summer / early fall
• There will not be a new screening
Under both scenarios residents are encouraged to contact LHC with questions and/or concerns. The LHC team is
here to help throughout the process.

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Lansing Housing
Additional Information and Things to Keep in Mind
• Continue to follow the rules of your current public housing lease

• Keep an eye on your mail and LHC website https://lanshc.org/ for more information from LHC
• If you have questions about the changes, contact LHC
• For more information on the process of Section 18, go to:
https://www.hud.gov/program offices/public indian housing/centers/sac/demo dispo

Page 4 of 4
• •
COMMISSION
Lansing Housing Commission (LHC) Scattered Site HUD's Section 18 Program

Intent to Pursue the Purchase of Current Residence
April 14th, 2022
oName»
«Address»
«City_State_Zip»
On April 7th, 2022 the Lansing Housing Commission (LHC) held an initial resident meeting to discuss our
application to HUD's Section 18 Program, which includes the potential sale of your residence and other LHC
scattered sites. During this meeting some residents indicated that they still have interest in pursuing the
purchase of their residence.
To work further with these individuals LHC is extending the timeframe for residents to pursue homeownership
programs and approvals to July 1st, 2022.
If you are interested in pursuing the purchase of your residence please check here , complete and sign the
form on page 3, and return it to LHC attention Karen Chase 419 Cherry Street Lansing, MI 48933 by Friday
April 29. Please carefully review 1. Section 18- Pursuing Homeownership for specific details.
If you are not interested in pursuing homeownership, please review the Section 18— Project Based
Voucher (PBV) Section. Pending HUD approval of our application your home is being sold to a new owner,
however, it will be with a PBV, so you will not have to move (as long as you qualify and are in good
standing), and your rent is not expected to change unless your income does. As the existing resident,
once you qualify and as long as you remain in good standing, you can remain in the unit for as long as you
desire.
1. Section 18- Pursuing Homeownership
Please note the LHC team is not in a position to assess financial qualifications for home ownership.
Therefore, it will be important for you to reach out to agencies and/or your preferred bank/financial institution.
The LHC team is here to answer questions and provide support as applicable but obtaining finances along
with other items are the responsibility of the resident.
• Complete and return the form on page 3 with your signature at the bottom indicating your intent to
pursue the purchase of your residence by Friday April 29th
• Work with agencies and/or financial institutions for homeownership programs and financing to
purchase
o Potential agencies to contact include:
• Capital Area Housing Partnership (CAHP),
• Habitat for Humanity,
o Residents are encouraged to explore other agencies that may have homeownership
programs
• Provide a letter from an agency and/or financial institution by Friday July 1st stating you are pre-
qualified to purchase a home, for qualification purposes please consider the following
o $60,000 is the expected minimum purchase price for a home
o The final price will be dependent on the size and type of home
TDD/TTY #: 1-800-545-1833 Ext. 919 "Equal Housing Opportunity- I6'

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COMMISSION
o Pre-qualification will be a starting point for future discussions to hopefully secure the
purchase of a home
o Pre-qualification does not guarantee the purchase of your home
o For more information about purchase price please contact LHC
o Pre-qualification letter should be scanned and emailed to karencglanshc.org or mailed
to/dropped off at 405 Cherry Street Lansing, MI 48933
2. Section 18 — Project Based Voucher (PBV)
In the event you decide not to pursue homeownership, or you do not qualify to purchase the home, pending
HUD approval of the Section 18 application your house will be sold to another buyer. Through the Section 18
process, units sold to other buyers are expected to have a project-based voucher assigned to them. Below is
what you can expect from the Section 18 program sale to another buyer:
• You will not be required to move unless you do not qualify for the program or are not in good
standing
• Your rent is expected to remain the same unless there is an income or household change since
your last re-certification
• You will be required to sign a new lease and recertify your income
• You may remain in your unit indefinitely as long as you remain qualified and in good standing with
program requirements and your lease
• After 12 months of living in your unit under the PBV program, you may request to receive a
Tenant Protection Voucher (TPV) which would allow you to seek alternative housing, as long as
you meet eligibility
If you have questions about qualifications and current standing, please reach out to Kendra McAbee at
KendraM@Ianshc.org or 517-897-7270.
• Continue to monitor communications from LHC, attend informational meetings, and contact the
LHC team with questions and/or concerns
• Receive and complete any additional paperwork requests from LHC in a timely fashion
o New packets will be required prior to or at the same time of the transaction closing
o LHC will send these requests out around the time of close late summer / early fall
o There will not be a new screening
The LHC team is here to help residents through this process and answer questions so please use the
resources available to you through LHC.
The next resident meeting related to Section 18 Program will be held towards the end of May, a notification
with meeting date, time, and location details will be sent at a later date.
Again, we appreciate your time and look forward to taking these next steps together.
Sincerely,
Douglas E. Fleming
Executive Director

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If you are not pursuing homeownership you do not need to complete this form.
If pursuing homeownership as option please review, complete, sign, and return this form by April 29th,
2022.
Return options
1. Scan and email to karenc@lanshc.org

2. Mail or drop off at 405 Cherry Street Lansing, MI 48933
(print name) currently residing at (print address),

have reviewed and read the above letter. I fully understand that it is my responsibility and option to pursue
homeownership at my own cost and time. To have an option for homeownership of an LHC scattered site I will
need to provide a pre-qualification letter showing access to financing to purchase the home at the set price. This
letter needs to be from a credible lender/financial institution or agency with homeownership finance program.
While LHC can help residents answer questions and provide guidance, LHC is not qualified to assess or provide
approval for financial qualifications related to home ownership
The prequalification letter must be returned to LHC by no later than Friday July 1st, 2022.
I recognize that obtaining and providing a pre-qualification letter doesn't guarantee the purchase of my home, as
different size units may have different sale prices. The pre-qualification letter does provide an opportunity to
purchase and will lead to further discussions with the LHC team about a transaction for homeownership.
This signed letter is to be returned by Friday April 29.
I have read the above information and am pursuing homeownership via the Section 18 process and intend to
provide a pre-qualification letter showing access to financing required to purchase a home by Friday July
1st, 2022. Pre-qualification letter should be scanned and emailed to karenc@lanshc.org or mailed to/dropped off
at 405 Cherry Street Lansing, MI 48933.
If I do not provide the pre-qualification letter as outlined above, I understand that I will not be considered for
homeownership at this time.
(print name)
(print address)
(phone number) (email)
(sign name) (date)

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: :j: At
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COMM ISSION
Re: LHC Scattered Housing Disposition
Dear Resident:
The Lansing Housing Commission is taking this opportunity to provide you with the latest updates in
LHC's disposition application for the sale of the Public Housing scattered sites portfolio. We
understand it is important for you to have proper information that will help you make the best
decisions for you and your family as we move forward. LHC appreciates serving you and are committed
to work in partnership with you throughout this transition.
If you are interested in potentially purchasing your home, we are asking you to indicate your intent
by May 31, 2021. This is not a final decision but will be helpful for us in planning as we move
forward with the sale of the houses. A home ownership class will be offered free of charge through
the Capital Area Housing Partnership for any interested resident. We expect the first sale of a home
will not occur until late in 2021.
For those residents who do not want to purchase their home you will soon receive information about
your new housing options. LHC will offer your household the option to utilize a Tenant Protection
Voucher (similar to a Section 8 voucher). The voucher will give you the potential to stay in your current
home or allow you the choice to move anywhere the vouchers are accepted. You will also have the
option to be transferred to a LHC property and remain under the Project Based Rental Assistance
program (formerly known as Public Housing). In short, your household will be able to retain the
affordable housing you now have.
If you have any questions regarding this process or want to investigate the purchase of your current
home, please email or call us at:
Andrea Bailey — andreab@lanshc.org or Kendra McAbee — KendraM@Ianshc.org
517-487-6550 Ext 801
Again, we appreciate you and look forward to taking these next steps together.
Sincerely,
Douglas E. Fleming
Executive Director
PURCHASE AGREEMENT

Those certain parcels of real estate consisting of 66 duplex and 163 single-family homes,
located in the City of Lansing, Ingham County, Michigan, as set forth on Exhibit A, together with any and
all easements, leases, licenses, rights-of-way and interests appurtenant to and which benefit such real estate,
any real estate lying in the streets, highways, roads, alleys, rights-of-way or sidewalks, open or proposed,
in front of, above, over, under, through or adjoining such real estate and in any strips or gores of land
adjoining the real estate (collectively the "Property").
1. Purchase Price. The total purchase price ("Purchase Price") shall be Sixteen Million Seven
Hundred Seventy Thousand ($16,770,000.00) Dollars, subject to the adjustments and prorations as set forth
herein, paid by wire transfer of immediately available funds. This Purchase Price is dependent on the unit
to the final closing date and will be reevaluated and mutually agreed upon at that time. Other than any change
Company").
Seller's sole cost and expense, cause the Title Company to deliver to Purchaser a commitment for an ALTA
required to cause the Title Company to issue a Commitment without standard exceptions shall be at the
4. Objections to Title/Survey. If Purchaser, or its legal counsel, objects in writing to the

conditions of this Agreement; or Purchaser may remove the parcels with objections from the Schedule A.
lien or other monetary encumbrance that secures or seeks to enforce against the Property a specified sum
Closing Date. In the event that any such mortgage, lien or encumbrance has not been discharged or
satisfied by Seller, Purchaser may, in addition to its remedies, elect to satisfy and discharge or assume the
Purchase Price equal to the amount expended or assumed by Purchaser. Purchaser shall notify Seller with
encumbrance on Property so that Seller has ability to discharge prior to.
5. Inspection Period. Purchaser shall have a period of ninety (90) days from the
condition that existed prior to such damage or alteration. Purchaser shall indemnify and hold harmless Seller
attorney's fees arising from Purchaser's inspection activities.
expiration of the Inspection Period (as it may be extended), shall notify Seller and Cinnaire in writing to
terminate this Agreement. If Purchaser elects to terminate this Agreement prior to expiration of the
Deposit shall become nonrefundable, but applicable to the Purchase Price, and Purchaser shall deliver to
and applicable to the Purchase Price.
6. Closings.
close ("Closing"). If Seller is ready and able to close, including having obtained the consent to the sale of
Purchase Price; and
(b) In the event that Seller has not received the required consents for the sale, the
Price, as adjusted pursuant to the terms of this Agreement.
2
Purchaser fee simple marketable title to the Property, subject to building and use restrictions, easements of
addition to an Assignment of Leases for all existing leases to the Property (the "Leases").
(c) Seller shall order and pay for a policy of title insurance without standard
restrictions, easements of record and zoning ordinances and non-monetary encumbrances and the Permitted
Encumbrances. Seller shall deliver to the Title Company an Owner's Affidavit and such other documents
reasonably required by the Title Company to enable the Title Company to satisfy its Schedule B-1
insured under said Commitment. Any closing fees charged by the Title Company shall be shared equally
(a) Taxes and Assessments. All real estate taxes which are billed prior to the Closing
shall be paid by Seller. Seller shall also pay in full on or before Closing all special and other assessments
(b) Closing Costs. Seller shall pay in full on or before the Closing Date all state,
Title Company.
(c) Leases. All rents, water and other utilities, and other amounts under the Leases
Section 8 housing assistance payment contracts ("HAPC") to be effective at the time of Closing. Project-
Income (AMI). The parties acknowledge that this affordability standard is currently utilized by Seller, and
3
PILOT approval.
10. Seller's Representations, Warranties and Covenants. Seller makes the following
(a) Title, Power and Capacity. Seller owns the Property and has the full power,
obligations under this Agreement have been authorized by all necessary action on the part of Seller and
constitutes the legal, valid and binding obligation of Seller, enforceable in accordance with its terms.
(b) Foreign Person. Seller is not a "Foreign Person" within the meaning of the
Internal Revenue Code of 1986, Section 1445(f) (3), as amended.
(c) Litigation. There is no pending, or, to the best of Seller's knowledge, threatened
litigation, administrative action or examination, claim or demand whatsoever relating to the Property or
received any written notice of any violations of any laws, zoning ordinances, regulations, orders or
(e) Condemnation Proceedings; Special Assessments. Seller has not received

notice of any condemnation or eminent domain proceeding regarding the Property, and has not entered into
(f) No Transfers. From the Effective Date until the earlier of the termination of this
Agreement or Closing, Seller shall not transfer any portion of the Property or grant on the Property any
(g) HAPC. All current tenants will be qualified for new project-based voucher section 8
HAPC.
and the suitability thereof for any and all activities and uses that Purchaser may elect to conduct thereon, (ii)
(iii) the nature and extent of any right-of-way, lien, encumbrance, license, reservation, condition or otherwise,
shall prior to the closing date, disclose all material conditions which are, or may become, known to it. Except
consideration of the agreements of Seller herein, Seller make no warranty or representation, express or
4
Improvements located thereon or any soil conditions related thereto.
11. Condemnation. Seller shall promptly notify Purchaser of any pending or actual
condemnation proceedings against the Property or any portion thereof of which the Seller has actual notice.
If any portion of the Property shall be threatened to be taken as a result of condemnation proceedings prior to
such proceedings, in which event Purchaser shall receive a refund of the Deposit (less any portion applied
default is not cured within ten (10) days from Seller's receipt of written notice of default from Purchaser,
Purchaser shall have the right to terminate this Agreement and obtain the return of its entire Deposit, or to
a breach of any other provision. If any action by any party shall require the consent or approval of another
of that action on any subsequent occasion or a consent to or approval of any other action on the same or
15. Duration of Offer. If this Agreement is not executed by Seller on the same date it is
17. Survival. The representations, warranties and covenants contained in this Agreement shall
writing and shall be deemed to have been given: (a) upon receipt in the event of personal service by actual
delivery (including by delivery service); (b) the first business day after posting if delivered to a recognized
5
To Purchaser: SK Michigan Real Estate Development LLC

Attn: Tzvi Koslowe
Southfield MI 48034
tkoslowe@gmail.com
With a copy to: Lumberg Freeman Gleeson Hicks & Khalil PLLC
Attn: H. William Freeman
33 Bloomfield Hills Parkway, Suite 100
Bloomfield Hills MI 48304
wfreeman@lfglawfirm.com
To Seller: Lansing Housing Commission

419 Cherry Street
Lansing MI 48933
dfleming@lanshc.org
with a copy to: Mallory, Lapka, Scott & Selin, PLLC

Lansing MI 48933
toml@mclpc.com
20. Days. Whenever this Agreement requires that something be done within a specified period
of days, that period shall (a) not include the day from which the period commences, (b) include the day
upon which the period expires, (c) expire at 5:00 p.m. local time on the day upon which the period expires,
and (d) except as otherwise provided for herein, be construed to mean calendar days; provided, that if the
21. Severabilitv. If one or more of the provisions contained in this Agreement shall for any
reason be held to be invalid, illegal or unenforceable in any respect, that invalidity, illegality or
unenforceability shall not affect any other provision of this Agreement, and this Agreement shall be
this Agreement.
22. Entire Agreement. This Agreement embodies the entire understanding between the
into this Agreement. Neither this Agreement nor any of its provisions may be waived, modified or amended
23. Governing Law. This Agreement shall be governed by and construed in accordance with
6
24. Successors and Assigns. This Agreement shall be binding upon, and its benefits shall
Purchaser may assign this Agreement to a related party with common ownership.
25. Counterparts; Signatures. This Agreement may be executed in multiple counterparts,

counterpart. For purposes of this Agreement, a facsimile or electronic copy of a signature shall be deemed
the same as an original.
26. Effective Date. The "Effective Date" of this Agreement shall be the last date on which
[SIGNATURES ON FOLLOWING PAGES]
7
"PURCHASER"

By: TZVI KOSLOWE
Dated:
"SELLER"

By: Douglas E. Fleming

Dated:
8
EXHIBIT A
Site Detail House Detail Price
Bedrooms Sale
Street Address Cit State Housin. T •e Parcel ID # # of Units # Price
1025 Bensch Lansing, MI Single Family 33-01-01-22-206-071 1 4 $90,000

1027 She.ard Lansin., MI Sin le Famil 33-01-01-22-230-131 1 3 $70,000
108 Fairfield Lansin., MI Sin le Famil 33-01-01-04-126-221 1 3 $70,000
1100 Leslie Lansin., MI 33-01-01-22-277-211 1 3 $70,000
1108 Ontario Lansing, MI Single Family 33-01-01-08-206-212 1 2 $60,000

1113 Dakin Lansing, MI Single Family 33-01-01-22-253-041 1 3 $70,000
1124 Bensch Lansin., MI Sin le Famil 33-01-01-22-251-191 1 3 $70,000

1125 Glenn Lansing, MI Single Family 33-01-01-08-407-321 1 3 $70,000
1131 She.ard Lansin. MI Sin le Famil 33-01-01-22-277-061 1 4 $90 000
1135 Leslie Lansin., MI Sin le Famil 33-01-01-22-278-091 1 3 $70,000

1143 Leslie Lansin. MI Sin le Famil 33-01-01-22-278-121 1 3 $70 000

1216 Wieland Lansing, MI Single Family 33-01-01-03-382-105 1 3 $70,000


1239 Re.ent Lansin., MI Sin. le Famil 33-01-01-22-279-391 1 3 $70,000
1243 Allen Lansing, MI Single Family 33-01-01-22-281-111 1 3 $70,000
1246 Lathrop Lansing, MI Single Family 33-01-01-22-258-121 1 4 $90,000
1247 Allen Lansin., MI Sin le Famil 33-01-01-22-281-121 1 4 $90,000
1317 Christo.her Lansin., MI 33-01-01-09-155-061 1 2 $60,000
1338 Christo.her Lansin., MI Sin le Famil 33-01-01-09-156-021 1 5 $100,000
9
1401 W. Hillsdale Lansing, MI Single Family 33-01-01-17-386-061 1 3 $70,000
1405 N. Martin Luther King Lansing, MI Single Family 33-01-01-08-206-216 1 2 $60,000

1435 Perkins Lansing, MI Single Family 33-01-01-22-254-091 1 3 $70,000
1529 New York Lansing, MI Single Family 33-01-01-10-176-052 1 2 $60,000
1553 Roosevelt Lansing, MI Single Family 33-01-01-08-228-571 1 3 $70,000

1717 Glenrose Lansing, MI Single Family 33-01-01-08-127-451 1 3 $70,000
1724 Irvington Lansing, MI Single Family 33-01-01-34-228-051 1 4 $90,000
1738 Jolly Lansing, MI Single Family 33-01-01-32-376-312 1 2 $60,000

2109 Darby Lansing, MI Single Family 33-01-01-06-455-171 1 3 $70,000
2212 Turner Lansing, MI Single Family 33-01-01-04-454-045 1 3 $70,000
2328 Clifton Lansing, MI Single Family 33-01-01-27-179-121 1 4 $90,000

2400 Pollard Lansing, MI Single Family 33-01-05-06-427-062 1 2 $60,000
2418 Herrick Lansing, MI Single Family 33-01-01-30-476-331 1 5 $100,000

2601 Wabash Lansing, MI Single Family 33-01-01-26-452-021 1 4 $90,000
2613 Wabash Lansing, MI Single Family 33-01-01-26-452-031 1 4 $90.000

2700 Westbury Lansing, MI Single Family 33-01-01-06-428-008 1 3 $70,000
2840 Cynwood Lansing, MI Single Family 33-01-01-05-402-031 1 3 $70,000
2915 Delta River Lansing, MI Single Family 33-01-01-06-402-191 1 3 $70,000
310 Denver Lansing, MI Single Family 33-01-01-28-405-371 1 3 $70,000
3107 Stabler Lansing, MI Single Family 33-01-01-28-332-081 1 4 $90,000
3108 Tecumseh Lansing, MI Single Family 33-01-01-05-182-031 1 4 $90,000

3121 Viking Lansing, MI Single Family 33-01-01-30-476-061 1 3 $70,000
10
3207 Maloney Lansing, MI Single Family 33-01-01-30-477-071 1 3 $70,000

3213 Avalon Lansing, MI Single Family 33-01-01-30-476-321 1 4 $90,000
3517W, Jolly Lansing, MI Single Family 33-01-05-06-101-154 1 3 $70,000

3525W. Jolly Lansing, MI Single Family 33-01-05-06-101-166 1 3 $70,000
3619 Wildwood Lansing, MI Single Family 33-01-01-33-231-011 1 3 $70,000

4106 Lowcroft Lansing, MI Single Family 33-01-01-32-278-191 1 3 $70,000
412W. Frederick Lansing, MI Single Family 33-01-01-04-103-091 1 3 $70,000

4220 Lochinver Lansing, MI Single Family 23-50-40-36-177-071 1 2 $60,000

429 E.Community Lansing, MI Single Family 33-01-01-04-229-101 1 4 $90,000


4520 Hughes Lansing, MI Single Family 33-01-01-32-303-121 1 2 $60,000
4638 Christiansen Lansing, MI Single Family 33-01-01-32-353-511 1 4 $90,000
4730 Ballard Lansing, MI Single Family 33-01-01-31-451-022 1 3 $70,000
4900 Tenny Lansing, MI Single Family 33-01-01-33-353-281 1 4 $90,000
4911 Christiansen Lansing, MI Single Family 33-01-01-32-376-201 1 3 _ $70,000

5009 Palmer Lansing, MI Single Family 33-01-01-33-353-075 1 3 $70,000
5022 Starr Lansing, MI Single Family 33-01-01-32-351-201 1 5 $100,000

527 Maple Lansing, MI Single Family 33-01-01-09-307-001 1 2 $60,000
11

5716 Haag Lansing, MI Single Family 33-01-05-05-328-121 1 3 $70,000
5800 Durwell Lansing, MI Single Family 33-01-05-05-328-081 1 3 $70,000
6020 Valencia Lansing, MI Single Family 33-01-05-05-377-206 1 2 $60,000
610 S. Ha ord Lansin., MI Sin. le Famil 33-01-01-14-359-361 1 3 $70 000
616 S. Foster Lansin., MI Sin. le Famil 33-01-01-14-363-281 1 4 $90,000
6200 Daft Lansing, MI Single Family 33-01-05-08-205-145 1 3 $70,000
6267 S. Wash. Lansin., MI Sin. le Famil 33-01-05-09-101-115 1 3 $70 000
630 Armstrong Lansing, MI Single Family 33-01-05-04-276-151 1 3 $70,000
6332 Rosedale Lansin. MI Sin. le Famil 33-01-05-09-177-345 1 4 $90 000
636 Armstron. Lansin., MI Sin. le Famil 33-01-05-04-276-161 1 3 $70 000
640 S. Ha ord Lansin., MI Sin. le Famil 33-01-01-14-359-271 1 4 $90,000
6400 Hilliard Lansing, MI Single Family 33-01-05-09-152-341 1 3 $70,000
644 S. Ha ord Lansin. MI Sin. le Famil 33-01-01-14-359-261 1 3 $70 000
6519 Sommerset Lansin., MI Sin. le Famil 33-01-05-09-177-162 1 4 $90,000
6523 Sommerset Lansing, MI Single Family 33-01-05-09-177-165 1 4 $90,000
700 Jessop Lansing, MI Single Family 33-01-01-34-158-001 1 2 $60,000
935 Dakin Lansing, MI Single Family 33-01-01-22-204-071 1 4 $90.000
1125 and 1127 Hickory Lansing, MI Duplex 33-01-01-15-376-191 2 2 $140,000
1610 and 1612W. Miller Lansing, MI Duplex 33-01-05-05-378-131 2 3 $140,000
420 and 422W. Genesee Lansing, MI Duplex 33-01-01-16-108-092 2 2 $140,000
12
4309 Balmoral Lansing, MI Duplex 23-50-40-36-327-001 2 2 $140,000
506 and 508 N. Chestnut Lansing, MI Duplex 33-01-01-16-108-072 2 2 $140,000
5325 and 5327 S.Waverly Lansing, MI Duplex 33-01-05-06-151-035 2 2 $140,000
5419 and 5421 S. Waverly Lansing, MI Duplex 33-01-05-06-151-069 2 2 $140,000
6201 and 6203 Grovenburg Lansing. MI Duplex 33-01-05-08-101-391 2 3 $140,000

811 and 813 N.
Penns Ivainia Lansing, MI Duplex 33-01-01-10-351-151 2 2 $140,000
902 and 904 W. Miller Lansing, MI Duplex 33-01-05-05-431-311 2 3 $140,000
908 and 910W. Miller Lansing. MI Duplex 33-01-05-05-431-301 2 3 $140,000
942 and 944 Vincent Lansing, MI Duplex 33-01-01-32-476-041 2 2 $140,000
13
COMMISSION
Lansing Housing
COMMISSION
Section 18 Application

Page 1 of 24
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Overview
The Lansing Housing Commission ("LHC") is submitting application to dispose of its scattered site
portfolio via HUD's Section 18 program. This application covers 189 units of public housing. Existing
residents are considering their purchase of individual scattered sites for additional 46 units of public
housing, which will be covered in another Section 18 application.
The proposed buyer is SK Investments Group. SK Investments Group will purchase units at fair market
value. SK Investments Group has been approved for a new project-based voucher section 8 housing
assistance payment contracts ("HAPC") with LHC to be effective at the time of closing or shortly
thereafter for the 189 units included in this transaction. The target length of this contract is 20 years
with an expectation to renew at the end of that contract.
A. General Information
1. Date of Application
07/01/2022
2. PHA Name and Code
Lansing Housing Commission — M1058
3. PHA Contact
Douglas Fleming — Executive Director
5GPH Grand Rapids Community Service Center — Kawan Clemons
B. Remedial Order
1. Is there a remedial order, compliance order, final judgment, consent decree, settlement
agreement or other court order or agreement that your PHA is operating under currently?
No
2. If yes, include narrative description explaining how removal is consistent with the remedial
order.
Not Applicable
C. PHA Plan
1. Is the demo/dispo included in a HUD-approved Annual Plan or Significant Amendment?
Yes. The Section 18 disposition plan has been included in LHC's last 2 annual plans.
Furthermore, the plan was discussed at the last 2 annual meetings: May 19, 2020 and March
22, 2021. Additionally it will be covered in the 2022 annual meeting scheduled for June.
TDD/TTY #: 1-800-545-1833 Ext. 919 'Equal Housing Opportunity FA".

Page 2 of 24
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D. Environmental Review
1. Is ER completed 3 under part 50 or 58 that identifies the demo/dispo and any known future use?
The relevant environmental reviews have been completed and the City of Lansing as the
Responsible Entity has completed Form HUD-7015.16.
Form HUD-7015.6 will be included in the final application.
E. Local Government Consultation

1. Name Local Jurisdiction
City of Lansing
2. Mayor's Letter Supporting the Dispo
Mayor Andy Schor has provided a letter of support, see Appendix Section 1 City of Lansing
Mayor Support Letter.
3. Narrative description of consultation with dates, meetings, issues raised and PHA responses. If
no response by government, description of attempts at government consultation.
The Section 18 dialogue with the Mayor and other City of Lansing officials and employees has
been ongoing for over 2 years. Throughout the process the City has been supportive of the
initiative as indicated in the support letter provided in the appendix.
Below are additional details regarding the discussions with the City of Lansing.
July 2019 Strategic Plan Meeting
Doug Fleming, Executive Director, met with Mayor Andy Schor to discuss LHC's strategic plan.
Part of the strategic plan included the Section 18 disposition of LHC's scattered sites. Doug
outlined the challenges associated with the scattered sites, the need for the city to formally
transfer ownership to LHC, and the plan to eventually sell the scattered sites. The Mayor was
overall supportive and discussed the need to sell to the right partners and maintain these homes
as affordable. Both parties agreed there would be more discussions as the process moved
forward, the Mayor offered support of his team to formally transfer ownership to LHC.
April 2020 Committee on Development and Planning
Doug Fleming presented LHC's recent accomplishments and strategic plan to the Committee on
Development and Planning. Part of this presentation included a discussion about the Section 18
disposition plan as well as the support needed from the City to formally transfer ownership of
the scattered sites to LHC.

Pag,e 3 of 24
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Summer 2020 Transfer of Ownership
LHC internal and extended team worked with the City of Lansing to formally transfer ownership
of the scattered sites to LHC. After a few discussions to define the details of the process,
ultimately a quit claim was executed to properly assign ownership of the scattered sites to LHC.
This transfer was completed to directly support the Section 18 Program and RAD conversions.
April 2021 and July 2021 Environmental Review Planning
LHC team conducted meetings with the City of Lansing and ASTi (environmental services
partner) to outline the environmental requirements for the Section 18 disposition. It was critical
that the City of Lansing as the responsible entity was aligned with the approach and end
reports. Doris Witherspoon, Senior Planner with the City of Lansing, is the lead for their team.
The City of Lansing team agreed to the approach and signed off as the responsible entity
(pending).
May 2022 City Council Meeting

Doug Fleming presented LHC's recent accomplishments and strategic plan progress to City
Council. Along with this Doug provided significant details regarding the Section 18 process.
Attached is a frequently asked questions document that addresses many of the questions from
City Council. This information was provided verbally to City Council. Additional questions from
City Council not in the frequently asked questions include:
How is SK Investments Group being based in Florida a benefit to the community?

SK Investments Group has a strong presence in Michigan. One of their partners lives in
southeast Michigan. Their team has purchased homes from and works closely with the
Pontiac Housing Commission. SK Investments Group has experience in affordable
housing and is committed to keeping these houses affordable for at least the next 20
years. Moreover their access to capital will enable them to sustain these houses for the
long term.
How do we know SK Investments Group will be a responsible landlord?

LHC had many discussions with the SK Team, completed a vetting process and spoke
with the Pontiac Housing Commission. Based on those activities it is [HC's
determination that SK Investments Group will be one of the better property owners in the
city of Lansing. Furthermore their commitment to affordability and interest in resident
services demonstrates their understanding of the City of Lansing's goals.
Property management will be local to the Lansing Area.
Also LHC will have involvement and some oversight as the administrator of the
vouchers.
Why aren't local community groups purchasing these homes?

LHC conducted an open RFP and reached out to local groups. While all local groups
weren't directly contacted the REP was sent to over 300 groups and posted on the LHC
website. Unfortunately, many of the local community groups aren't well funded or
experienced enough in these areas.
TDD/TTY #: 1-800-545-1833 Ext. 919 12 ? :Lqual Housing Opportunity (,••

Pag,e 4 of 24
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For well-funded local community groups there are plenty of other homes in the Lansing
area they could purchase and operate as affordable via Section 8, thus increasing the
affordable housing supply.
For those not as well funded local community groups that want to help with time and
boots on the ground, I recommend reaching out to SK Investments Group or the
management agent and form a partnership to improve the houses together.
How many resident homeowners will result from this?

At this time LHC has received interest from -45 current residents. Residents have until
July 1 to provide a pre-qualification letter from a bank, lender, or local agency. LHC team
will continue to communicate with those residents and offer help and guidance as
needed.
Other Communications with Mayor Andy Schor
Doug Fleming and Mayor Andy Schor have an ongoing dialogue about LHC operations and
initiatives, including Section 18. Doug has continued to provide updates on progress and plans
and intent to sell the scattered sites to groups that will be good stewards for the community.
Doug informed Mayor Andy Schor when the Section 18 RFP went live in October 2021. Doug
had another discussion with Mayor Schor and his team in May 2022 to discuss the go forward
plan with new ownership (including residents) and the future use of the funds to support the City
of Lansing's community specific housing needs. Doug and Mayor Schor will continue to have
discussions to determine the best use of the funds from the Section 18 sale of scattered sites.
F. Property Description
1. Units / Buildings (P/C) Numbers
2. Acreage (Disposition)
-30 acres
3. Site map or subdivision if disposition is for a portion of property (Contiguous sites only) (partial
DOT release)
Not Applicable
5. Recorded DOT/DORC
Please see Appendix Section 3. Declaration of Trust.
TDD/TTY #: 1-800-545-1833 Ext. 919 'Equal Housing Opportunity" IN

Page 5 of 24
COMMISSION
6. Description of UFAS-accessible units distribution (at development and proposed for removal
under S18)
None
7. Personal Property
There is no additional personal property associated with this disposition. Property included is
related to a standard sale of a house.
G. Estimated Value of Property

1. If Disposition is at fair market value (FMV), provide a summary, name of appraiser, and date
within past year.
An appraisal was not completed for each individual scattered site. With 189 sites as a part of
this application, it was not feasible to complete individual appraisals for each site.
Below is a summary of activities/information related to determining fair market value:
appraiser in the Lansing area Doug Petroff of Petroff Appraisals completed the appraisals, see
Appendix Section 4. Fair Market Value Analysis
returns
• Received bid for all 235 scattered site units of approximately --$17M from SK Investments Group,
and for the 189 scattered site units in this application a bid of approximately -$14M
• Received broker opinion of value which has been include in Appendix Section 4. Fair Market Value
Analysis
• Please keep in mind broker value of opinion includes units that are not a part of the Section 18
disposition.
2. If Disposition is below FMV (based on commensurate public benefit), provide alternative form of
valuation (i.e. tax assessor opinion).
Not applicable for this application.
H. Board Resolution
1. Please see Appendix Section 5. Board Resolution.
I. Timetable
1. Begin and End Relocations:

Page 6 of 24
COMMISSION
While relocation is expected to be minimal, a relocation plan has been provided. See Appendix
Section 6 Relocation Plan.
2. Execute Contract:
A contract contingent on HUD, other relevant approvals, and due diligence results has been
executed.
3. Remove Property:
Property will be removed from PIC following the closing of property, expected to occur within 6
months of the approval of this application.
J. Relocation
1. Occupied Units
See PIC.
2. Number of individual residents displaced
0 physically, 189 from public housing program.
3. Name of agency providing relocation counseling to residents
There will be minimal relocation associated with this transition. A relocation plan has been
provided, see Appendix Section 6 Relocation Plan.
4. Description of relocation and advisory services
5. Estimated cost and anticipated funding source for resident moves (actual and reasonable) and
other relocation expenses (including counseling)

Page 7 of 24
COMMISSION
6. If PHA does NOT administer an HCV Program, name of Section 8 HCV Administrating Agency
(who agrees in writing) and approval from local HUD Office of Public Housing FO
LHC administers an HCV program.
7. Number of TPVs requested, narrative supporting TPV request and proposed use for relocation
(describe family relocation preferences and how TPVs are offered (L e. tenant-based mobility,
project-based voucher—existing or after an AHAP development period)
A project-based voucher will be requested for the 189 relevant units in this transaction. Existing
residents will stay in current units. After the 12 month period post transaction close, residents
will have the right to request a tenant based voucher. At that time residents requesting the
tenant based voucher will be placed at the top of the waiting list per LHC's admin plan.
8. Comparable housing offered to displaced residents (check box on 52860). PHAs may offer
more than one form of comparable housing. Consider family relocation preferences, households
where a family member has a disability, and families not eligible for Section 8 HCV assistance
(i.e. because over-income)
9. PHAs may, but are not required to, submit a comprehensive written Relocation Plan. The
Uniform Relocation Act (URA) does not apply. See 24 CFR 970.21.
K. Resident and Resident Group Consultation
1. Resident. PHA develops demo/dispo application in consultation with residents to be displaced

or otherwise affected (note N/A for vacant land or non-dwelling). Provide date(s) and narrative
of consultation process. Attach supporting documents (e.g., agenda, meeting notices; sign-in
sheets; minutes, print-out of written or email consultation)
LHC has informed residents of the Section 18 initiative at annual meetings in 2020 and 2021, as
well as other repositioning meetings.
Specific to this application LHC conducted a group meeting in April 2022 and individual
meetings with residents to discuss the process and potential outcomes. Details of these
meetings can be found in the Appendix Section 7. Resident Consultation.

Page 8 of 24
COMMISSION
The Section 18 program will be covered again at the annual meeting in June of 2022 as well as
additional meetings specific to Section 18 in June 2022 and July 2022.
2. Resident Council. If there is a Resident Council, provide name of council and date and narrative
of consultation.
There is not a resident council.
There is not a Resident Advisory Board (RAB).
4. Attach copies of all written comments from residents or resident groups/organizations during the
consultation.
Comments can be found in Appendix Section 7. Resident Consultation.
L. Demolition Justification and Description
1. This section is not applicable as demolition is not a part of this application.
M. Disposition Justification and Description

1. Justification
See Appendix Section 8: Justification.
2. Disposition details—method of disposition (sale or ground lease); FMV or below FMV; name of
acquiring entity (if known); proposed future use of property (if known).
See Appendix 8: Method of Disposition.
Not applicable
Not applicable, this specific application does not have a below fair market value component.
N. Proceeds
Gross $13,810,000 and Net $12,310,000
2. Use of gross proceeds for relocation costs and/or reasonable costs of disposition. Attach a brief
narrative/budget
TDD/TTY #: 1-800-545-1833 Ext. 919 Ct ,_:gual Housing Opportunk

Page 9 of 24
COMMISSION
3. Use of net proceeds (if known) (check box on 52860-A). Attach brief narrative, budget, or other
supporting documentation). If loan is checked, include term, interest rate, and type of loan. If
unknown, indicate. Once known, SAC requires the PHA to request a use of proceeds.
• Oliver Gardens rehabilitation project (existing 30 Section 8 units)

RAD conversion
• Further development of existing resident services

affordable housing
• Section 8 PBV Unit Development
• Supportive Services for Residents
0. Resident Offer Sale or Request for Exception
No
2. If not exercising an exception, name all established eligible organizations. Provide the
notifications to organizations and date sent. Summarize responses. Indicate if a proposal was
received and if the PHA accepted it.
LHC completed a public RFP process for local, state and national groups to assess the portfolio.
A summary of the RFP is below:
TDD/TTY #: 1-800-545-1833 Ext. 919 'Equal Housing Opportunity CN'.

Page 10 of 24
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returns
• Received bid for all 235 scattered site units from SK Investments Group, -45 scattered sites are still
being assessed by residents for purchase
LHC sent 2 notifications to residents regarding the purchasing of their homes. Both have been
dated and included in the appendix. LHC is not a lender or group with homeownership
programs, but is communicating with residents to provide guidance and discuss the process.
Ultimately it is the residents responsibility to secure financing and work with homeownership
agencies for programs, but LHC is helping where applicable.
P. HUD Form
1. Form
See attached form: Lansing Housing Commission - Section 18 Scattered Sites - HUD-52860-A.
Ct. Other PHA Considerations
Not Applicable

Page 11 of 24
COMMISSION
APPENDIX
1. City of Lansing - Mayor Support Letter

See attached - Lansing Housing Commission - Appendix 1 - Mayor Support Letter - 06.01.2022.

Page 12 of 24
Lansinc Housinc 419 Cherry St., Lansing, MI 48933 Telephone: (517) 487-6550 Fax: (517) 487-6977
COMMISSION
Appendix
2. Units / Buildings (PIC numbers) Detail (Page 1 of 4)
This list will be updated at time of official application submission
1116144410•••• NIP amber UM limber hood D 11

'OM aro 10)3 Boatto 0.0. .13058003111 8_0002 11700 13030.42-479331 I 09 10.0 13aror S 010 accord., roam., woof Cly ol sourg ',earn County Rao,
.
1017 erd 1C09 Beetro Oct. 134356303111 6_0334 171007 3301.0332.479341 107 13 Ocaey 0aror 0408.9 66e .0006 Oa 0^0,90, COy 91001*0(9 1-91101(0 C.. 0000
1009 540040 Sede anay 04358080103 51 81009 33-030322.230-071 10 179 Cry Pah Subdo0508. 00007000 lo the recorded 0at the. Coy 00 14008(9 .031.8.0 060137 Records
. .
1013 884060 5040080.20, 134358000103 21 . 81013 .
33010322.230 021 10 1E11 City Pert Subdrason. women; b reexdad Men.. Cry ol Le01000 1000n 00000 0000,
110010510 S.40007110 131058000103 22 81020 1301-01-22-730 201 101 170 COy Polk S...0.0 accord.; lo roe recorded 001111ereof Cly ol Lem, Ingram County Record;
. .
1023800040. Solo f limey 10058000103 52 53309 3301.0022.206071 107 165 EA.,. Lend Cemperers 501002443, 81000040 100000 001Mereel Caty CO 10-6419 050000 C001y140106
1027 880200 Soo, Famay 01058003103 51 53315 33-01.0322.730131 104 110 Cary Pah Subd10.98. atecodit0 680 mot.] 00111,00a. Cry 07 0071403 WO. C01187 0000008
. .
1037870*07.0 Snqe b Ooty 10358003103 54 81031 1301.01.22.230.141 107 105 CAy Pah Suladmson, aoco.ne bra recorded aal Ma. C41, 011-4009• 1008. 001331404095
. .
100 Feria! 804,0 arney 13058000103 77 8101 1301.01.01.120221 107 2 Fereeld Gado. Solx.saan, 801070.10081#180000141400880107, CIty of 100.0 legheen Carty Rocords
110010110 Sele 1mak 1/058003103 132 81105 33-030327-212-211 Lo1 164 end NOT 04 0110 103 COY F'40 50000, 0. 0400.9 066 0 . 0600 016 8600. COY 0105(0. 100 1. C00./ 6000
.
107 117 end Wag 1.10 10 138 .fa Eva 9 1. 0 1a IV end Well Wee, of Saab 18 lea a tot 174 North 104.1end Saadrown acad., to the record. old eoreof
11816000.7 SaVe I watt 10338000102 66 151100 33.01.01 C43 203 212
Cry of Loreang 1%0. County Records
1109 80.100 5,n40 amity 1.0058003111 67 81200 33.01• 05 05 276.076 (85.5304110070017707811007436680050.15 P. of 1546004110 Farms eccordog to mo rocaded Vet 1744(0. Cly 1101001 10110 0 Coo. 0000,
.
11131301m 8.47 0 0,71 111058003103 56 81513 330101.22213 011 Lol 203 Exc.. Lend C040080105 S805. acacia, lo ine recorded .4 CW 010.0 114 001% 000919 0090003
.
1116 10510 58,00 Faroy 1008000103 57 82840 33-0101-22.272171 10 159 COy P0.58,00.1500 071e0r000 lo recorded 0.11 Me. Cl, 01041683 'nal. County Record,
. .
111(11.4 Sego arroy 1.0058000101 58 81118 3301.01.72.277-181 107 159 Coy NM 5...so0 *000009 1-000. .ordad aat ewoof Cry catansog Iron. County FIxords
• .
West 55 100 01 0.0100100.01 5901, 110 10910 1.01 29 599,0933 P6101PmsCer37 100+ 0a0 c1.0 feoe 961mer. C.,' 0, 09 00590 C09199
1121 Ferky 5.40 0.020 13058000111 76 81209 33-01-0505278-074
Record,
1124 13000 50-47 0004 1005800/103 00 81124 0301-0122-211-191 100100 (000001 0030 C0100100 &AO... 0400.2 10 mo 10 00 01 LW 1. 01 CM, 010070 .0,09 C40. 004,0
.
1125 end 1121 Mau, 0.10. 18058001103 0_0104 151125 33 01 01-1S 316-191 L. 37 end 38, 13041, 2 Lenung hoplowenort Carpany's 6037c01 0010r005 10 the rocordad Memo, C10011013(00 BO. Carty Records
. .
012501800 51-40(004 0058000102 8_0338 1013. Glenn See0 SubC15600 44)00109 10 the recorded ast thereof 0010100(00(9 (071(W0001071000007
. 81126 330101-08 407-321
012811.44. Soo. arnoy 13058000103 83 81175 11-01.0322.278-061 107 177 City Pere Sub.,. accordov lo recorded aat ma,aof Coy 01 Lartung lryturn County flaw.
. . .
1128134310 Savo ranay 111058003103 84 81126 3301-01-22-277-031 114 155 COy 80* 8000750500 accorchng 13 We .000.47 (401 'hereof COy 00 1070(0(9 Ingham Coolly Rocorcl,
.
113100,002,4 S•vje nrmly 0058000103 85 81131 1301.01.22.277461 107 199 Gay P8,0, 5000.050,. ec0010013 lo recordal clot Mer. Cry 011.0ose, Inawn Counly Records
.
11351001. 50401004 1310580031013 60 81115 33-01-01-72.2/8491 La 114 Coy Pare 5050.00. eccorOng 6 . worded p..00 CW 0100.9 MM. C00 Y 8000
114(81* 5.40 1004 13105800103 13. 0025 8114 2301.01.01.126,211 Lc, a Fee. Carden5 So.yeton eccormnd m me recorded .1 thereof, 000 of lensev, Ingham 008(00 Re400.
. .
1141 LOOM 5048 0004 0O058000103 86 81141 1301.01.72.278. 111 10 116 COy l'ork Subdraston ectordav lo recorded oat.. Cay of Len.19, 1.26. 1003.R090,
. .
11431470 5040 1- arnW 11105800)103 66 151108 33010122-278 121 107 111 Cay Pam 5,004500 eccordo0 recaded get Moroa, Cly of 11.9.0. 1.3. 11 0003 0000
.
Conmenc no a ro Norer44461 c ornor 0 La 75 14.04 W. 50 f. Soure 0.37 West 104 5 lea L. 50 leof h4r16 budorano Ilurenctun 500450500 000000(5
1200 P.N. Se. Family 10058000103 BY 81200 3301-01-22-176 441
0 Me record. ple ther. Crty of 1. wrung eV,. County Recorch
1202 Pad,. 5040 1 amity 11018001103 88 81202 13-030327.176431 107 75, nurenace Woos accor.g me worded plat .roa. Coy 001.070 County RecoreN
. . .
1207 Shepard Se3e 4004 11050300103 26 81207 33,01.01.22.282021 107 203 COy Park Sa3008.01. 8.cor0rp .e recorded 044 tared. COy a ern.r0 11050111 County Record,
Corrmancing 28/ W. 0 ca. seam 4 Mem. So01, 159 5 I. W0s1 1401 11018 159 5 1404 ast 601. m tegonnog Sawn 4 71.11 Norm 01'$0 2 1$00
121 lot,. 5.2e omit/ 131093000111 5121 330305 04330 131
• C4ty of LW..? 11191./1 County Record,
1216 Mabry! 8* 1002? 1005/4300103 75 51216 3301-01-03382-105 La 160y0 81408 20 foot of 10( 25 Weeind PISA SotoOrnson 444060.00 roccedod 000 lberoof Gay of LAMM Inon0, 0440.1014040d,
12171,01,11 8.4.110.071 L0058000103 6_0007 151217 33-01,0310-128-121 1076 Cushan Reps, No 2. 0010004(5.10 es recoaded fn I!. 29 Pete 2. fn97co70 C0,11y Reccads
. .
12111.3 1720 ai 000 Dupla. .134:68003103 0_0311 151218 11010310151280 South 10 5 1044 of to 5 and Nam 54 lea 0100 4 06140 Handy 1107710 060000 accorang tra worded raaaof Coy a t .410 Inenam Co.y 00004.
. .
1223 lasle So40 booty 10058000103 87 81223 3301.01.22.283.071 107 123 COy Park 500051500 accorclog lo Me ,1001000 014 Iherea. COy 00 08(7009 109018(11 County 04<ord,
8223411508 Sage 44.y 10058000103 13_0314 051223 13-01.01.10,20131 107 000011 Rep. No 2 Cry of 44.9..0408100 1.1040 29. P404, 2. Ingle. Cccelly Recceds
. .
1229 10,10 Selo 1 array 13066000103 86 81229 3101-01-22-283-091 107121 COy P. S.M.. 00000012 0 V* waded ON 80000.0, Gty 00 180709. Irgnarn County 8000101
173i 009839 8,51( 0004 18058000103 09 81231 1301.0122.279.371 10 41. CW Perk Sualrosa, eccordn3lo the rec0.61.1110.44. Gay 07 1011,10 In.. County Records
. .
1235 11934.0 5048 0 anay 0/058000103 90 10712 Cry P015 800801500 000003 lo the recorded MO Vereof Coy Of 001910,
. 81235 . 330101.22219 381 COunty 00007
1233 07400 Svc. iernty 1.0058000100 91 81239 33.01.0122.279191 Lot 43. CW Pert 50Kleisol. 4,10104, to mo worded 0401 Meted CW of 1.509, 040 0 0 000 7 00000
. .
124384,0 Sncee I anay 131001003103 92 81241 13.01.03n.203011 La 111 Pa41010.1.4. CaTaaany s nodlon accadag to to recoadod .41, 0400 046 01101.8(9 1018401 Co083, 0000
.
124 1.202rop Sede f afrey 13058000103 93 81246 33-0101-22-250121 10 46 0040 00r6 2 0000 NON. Lend CaneanY, 00000,119 0080 recorded pla VW. CM a Inns.. 109018.0 Co,oy 000405
.
124741.10n 1.040 0004 1/4358000t01 51 8124/ 1341.01.22.78 3171 107 110 P.,. Land Corpany Addeon acco0.9 no ocotaxl tiwicd, Cary 001000(19 Mauro 00435 8400005
. .
1317 Cer,bpner 5.40 00,71 137.68003102 0_0318 151017 3301-01-09 155 031 1070 Ow* I bend. Race 50062I,00, to<COICIrr, 10 Me 04015y104 OW 01. 0n0 1.9 581( Coo. 600.
1338 Cerelopeer Sooe anay 13058000193 44 41338 13-01.01-09156-021 107 3 Mock 2 Caen,. Mace Su0Cm,on. 0440000 lo recorded plef therea. Cdyol tern, eorgeo Coady Necords
. .
1401W 1111101418 5040 041,14 1/10513000102 45 41401 3301-01 11-360607 Lot 56, 1.14(1e05075 8070.05.07 tio 2. Kcating rne r000r000 pm mow. Cory 01 lensing log.. Carty RecOrds
107 139 end Fest 33 .0010 138 end F. 7011010 59.81 18 *et of Lot 174. Nord. 188Nend 8.4.4:e Decade, 10 Me re0orde10OS00001. Gly 01 Lemma Ingh.
84059 Meld 140444 Kelp Sncle wry 0058000102 0_0018 151405 33 01 010647216
Carty Record,
1415 Perk. 5r40 C00Oy 1.00100503103 95 814510 13-01•0372.251.1 0.50 55 loa of 1as 423 424 425 and 426 Fat.. Land Company , Suedr.o, 4010E4100 .10000. pm lIVP101 Coy of 1ammo Ingham 000, 11000.
. .
1.7 Pawn. Sr® 000.01 01058003102 48 .41447 3301 01 08 2C6 1 La 32 end So. 12 loot el La 33 Weft lealand Suedmson actordrg 0 Me recorded 0011.00 COy 01000 9 160 09 C0403 00005
.
• 9C00.100 50140 (8087 0105800)00 00 51449 1301.0100120203 South 06 lea of F. 173 25 1.10 1c4 11 Asse,sor', fial No 11 Coy 0( 1.770 141* 0.0,5 Records
. . .
1501 Comfort 5040 1 way 131058003102 49 51501 33-01.01001201265 1101n 86 I. of Soule 132 1001 of L. 173 25 ol Lot 11 Assessors 14141 No 11 Cey 0140419 700e21 County 60065
TDD/TTY #: 1-800-545-1833 Ext. 919 in ,_:qual Housing Opportunity" NI

Page 13 of 24
COMMISSION
Appendix
$treet /Wale. Roos,. 11de At, 84180049 Number Una... 60100100 LOO Desc OdUak•
1740 Rows. 41503 -1.50401.0(7 1 y34 So. 17 1.1 etso So. 20 Nel of Loi 34. 04301119900191(908001(10 04006 So Ina orded plat Ter. Crty Cl 0,009 1 Corey Racc,d,
1507 Comfort 51507 • al 08.128267 II, , .00 ea Erni 173 25 feet of Lel 11. 090064001 1000010 11. Crty ol Leroy% I.., Carey Record,
150300(000 0r40 1 array 0,05600,07 36 51513 3301-01-06176.269 Sot. otY 104 012911 I/3 25 feel of Lol 12 Asses., 1,41 Ns 11 Cry of terra. 1.110 COunty Records
.
1518 ard 152011 Moo 03440. 10058003103 0_0321 151518 33.0101• 10 154 112 10 19 and Sot. 42 foot 0 00 20. Wort 1 Handy Porno Addnon .corchno 6 To rocordod 0. 06.01. CW Ot lenseop. lopn. Counry RocorOs
. .
0529040. York So. 1now 1/40580:0103 0.090 151529 0301-01-10116033 (0 80 end 508121 1.1010 47. 0914000 60?( Saradarruon offal:Mg 30 RIO 0.00001 pal evorool Cey 00 186009 Inch. Carey Record:
. .
055300001.08 50* Forney 00058000102 56 81553 3301-01-06 228 $/1 1.64 184 and Norm 10$ 60 of Lot 185 Krolerood Pe, SytOuruory accOrdna to. roc.. 90 Pertool. City 00 (40.04 loobarn Cor,nty Record,
. .
1559 N lege Sclo 1004 10058003103 8_0323 151559 33-01.01.10.153.341 (0 1$ 81004 3 Neody lecole Peldlan Crty 0 1305003) accordyng 1217. worded .111.110.1.1. County Records
. .
161081001612 W 1.1301 110440 14056060111 0_0364 111610 13-01.01.01378-131 (01 V.v. P. 50orenron No 1 0coo. lo . recorded 8141 1.4.1, Cdy al Laney. I.. County Recads
1638 N NO SaVe (way 0358060101 0_0326 151616 3301.01-10107071 Soutb 21 le. of 10 14 8-61 N. 24 1.0 Lot 15. Mock I. Bel., Md. 80400079 to the recorded .1 Inereol Gay 00 0000109 10910001 Ca.., Record.,
17170001000 5.041 I wow 10058003102 55 61/17 33-01.01.66.127-451 1,41 2/, Assessor-, 018 No 12 Crty of lanSa6 Inonern County Records
. .
1724 1.V01 Sego f erney 100500.040112 52 53309 3301-0031-2260)4 108 11. 5t60303003 ',woof Cherry tle. e00000409 6 Me waded 080 600001. Crty 010069. 609011 00600 1100,6
.
1738 Jcey Sr. 1 srody 10018003111 0_0327 151)38 3301-01-32-316-312 01000000(0( 00 $ou* 171104 of Lc/ 1 S.... P00000 4. &acad.; le the recorded .1 leer. Cay of leneno In.. County Roca.
. . .
C.W.CW1 381 NO W.0? carter 0e0600 4. VW. 00071 159 5 108 VW616N feet NOT 159 5 feet 041109 004416 oebowno S.. 4, 10.3 11086.160130 7%n,
201 1101.0 Solo f arney 10358003111 4 5201 33.01. 5500, 33000l
.
2109 Darer Sc. Earney 10058000107 37 52109 33-01.01.05-455.171 00 133 &re. MK No 4.406131009106* rec.ed 08 Inereol, Cry*/ 1000(9.10901. Canty Re00.
. .
Cor0.446 142 7 Seel Norlfreeslorty from resesecbon N... corner of Turner Se... MOS. Po.. .11166C0 CON 1201001 601nr.687030 1001 Cary. 6 1- ,,,,, ,
2212 Toro. 5.-qo fan*, LOOY43000103 8_0028 152112 33-0,01-04454-015
• 103 01 Turner St000.0900200640
st Solhereaerty 60 leello beg... Seabee 4, Two 4 1.1, Re. 2W6,0 Crty 04 000.49 Inge.. Cas...y Reccrds
•
222$ Our. Syn. I array 1.005801:0111 113 42225 3301.01.30.411.221 (04 000 2.04.1 9.6006000 0408006 lolta recorded plellwreot Crty of Lereng.1.10.11CO.y R.Ced6
2328 aeon 0340 1 no*, .L6058003112 18 116033 3301.0027.179.171 (0720 So.. Gerdcre Ns 2. accord. 19 . nrcorded plellhereol. Crry et 1.1116.119 Ingham Covey Records
. .
2400 PO4, 0 Solo 714,4 100S8003111 8_0330 .
152400 33.01,6606421 /62 South 100 Net of 1.0 1 /9 01e0000 0180 5400r.on Ho 3, 484006010 116 recorded plot thereof Crty 04 10,9(9 I00Va0 County 00005
.
241800060 Sr.. tame, 10058034111 115 42418 3301.01.30.476331 302461 101 feel 010 409 I'vesent Grove Subdry.on No 1. according to IN fermi. plot 11144001. CW of 106.0. 005e00 County ReCords
. .
2111 Crary. Sr. 1 arrey 00058033111 109 82111 1301.01.304/6541 Lest ,s ol lot 6 01004 3 Dowers Suberosoan 0400. le . record. 64.1 Mereci Cay 44 la.. Ingnern County R..,
. .
2531 Nu Sr,de f dm oy 10058000112 19 116101 330101-35-326091 (024 89-4.970000 740 eccorchno 6 . 100rdel rest ... Cty V Laos, lopfsern Courty Record,
. .
2033 Durbo .5/4e 0 erne, 00058003111 105 47607 33-01.01.3047/051 (09 Mock 4 De. 0 Sybdrenron accordng 10 1. reC01.0 08 tuaeof Crty of 1 0.9 inerwn Coyety ROCC‘Ch
. .
290)1(00,20 5040 00104 14035800)112 20 116113 3301-01-26 451 C61 08 30 Leawood Sul.v.trOn occordyno lo. recorded tee evroof Crty of 1.09 lognarn Carty Roc.,
2601 Wabash Save I array 10058000112 24 81013 3301.01.26.452021 (0 13 le.. S.M.00 accord.. le ble war. 06116.0 Crty of Ions, loan. Carry Records
. . .
280705.1000 5r.3.3 10004 10058000111 103 022113 3301-01-30 416 5/1 (013 010(0 3. 009005 014450)20 accordno so tho record. b. roof. Crty 0 1.03 tone. COu. Records
.
2(09 000 Soon tarata 1110.000107 72 (0 22 . 50660020 PK 04.600. NNW. pm 60.0 Cay 0 tan... 69506 Coorry Record,
. 81020 .
3301.01.35326111
2613 Walsasly Sr4011 4,1(3 0058003112 73 116201 33 0, -01-26 452 031 lol 51. 1.060 5020.06 04000 lo VP tocorded 648 boreal Crty of Lansog. 69.11Carty Record,
. .
2905(04100 Snnle 7 arra,. 1.0358000111 101 42615 3.301.01.30-476411 0010, Moat 3, 0.05 504.05. weer.° lo Me recorded pled eroteol. Crty 0/U8600. 1.0. Caney Ca or
Recds
. .
C9,0010009 Safteett cornea GI 13. Rpm; Dree and Westbury ROBOS. INN. Sc. 263 6 tool Nor118.14. 102 35 1.1.11015 Ine of lot 1 DO.
Southern 120 fed of Carrtenc
2200 Woot, Srqn 1.0y 01058003102 0_0331 152703 3101-01-C6 428 COS
110.9145 $utOveron. 2brer 230 7 Nello Swell. of D. Wart O. ScalwassleeN 102 3 keno trtienron9. Secbon 6 toen 4 N., Reece 2 Wel
-
2/16 f ors.. Sr.>. I array 10058000112 24 '16209 1330101.26 452-191 (02$ 1000000 00060021,90 000000 81 00 06.0ed patleterel. cay 0/ lensong. Ingnern Casty Records
2610 Cyorrood 540000 i arnOr 1.0058060102 5/ 82840 3301-01 135 402 COI (10 20. 5.0*000r9 Part of C)i1s00414601113 546991500. 000908000000* 03000000 010 6*1001. 04011.441902. WOW 0031*) 0000(95
. .
2915 Unto 14,er 5440 1 arryly 041058003102 39 5391$ 3301-00-00107-191 LOS). Syrysof 21.16 3 04003121049 recorded 4.160100 C30 01 00.0 60. Coardr R..d6
.
3013 00/6 Snoo f amey 10358003102 40 53013 3301.01-06•177.175 10 159 W0900011 $100..1.07 accord. to no recor.2 .1 dyer.f. Cxy d Lansay. 1.8. County Records
.
n5 470#o. Sr,. i maw 111058303107 13_0011 153075 33-01.01.01177214 1042. Wadmird Sueemdon 000010r6 lo .. Faroe. gert mar. Cey of i enr.r.9 Ingo. Cowry R0 ores
. . .
300000000 So. 1- anary 0608003111 107 6310 3301-01-28 405-371 Cast 261.1d Lot 19 and W. 16 5 fen4o1 10 18 Om Vaoy Subdolsoon 0101006 10 fre fa ord. Ore 0,9.000 Cey 0 1 enurg Ins.n Coo. Record,
.
3101 SlY010 Seqe Earner 10058000102 8_0336 153101 1301.01.06-127.204 0000 Weslaort Sulydoeure, according to de MC006 001 ewer/ Gay of 1 onseg .goarn Counly Records
. . .
Id 70 and comm. mg N... 00(0300 0)10 70 nonce Saaryeadorty 501.10 SP.. Cernot of la 10 1evany on a propcbon of Sam k..xyl La 7, 051001
3107 5141. Snoo i arney 1/435.0111 103 $3107 3301.01.28-332,091 161.6.4rty 501.4.6 4 In. pestal aro 5 I. dad. Iran 6 ar.dy 1. of r.a6 . Westorly 25 65 fart ky 640.6 191*0010813 Subdossayn. etcordeq so rey reconsoc
700110)001 Crty 00 (0009 Inge. Carey.13000005
3000000,0,020, Save (array 10058000102 42 53106 330101-05162031 00100 la L... S O. G00,3 Subdaravollo 2. accord.. 6 0* record.. 60. Cer of 1. 419 16660. C000N Rerords
. . .
3111 l'ang 8.90 )0.104 111058003102 30 53111 3301-00-34 177-720 1.64 153. Wesloant Subdasron eccordno WIN worded rfer Per.. Cay of 11105.110000ern Gounry 03.0003
.
302033(09 S0003 0604 044019060111 31 53171 a3-01-01-30 476(61 08 049 63300303 C0030 8000.3.3010n 130 1 07000i09 30 tn0 recorc00 (011 TOM. Cey of la.. 103101? [080) 000009%
. .
30505 11004000 5ar000 font/ 1105834103 50 4315 3301-01-04-103191 10 40 110oue904 Satakm-co occordro lo Ma roc Ord. 0181bereal Cey ol larruno loot. Carrey Rocords
. .
319 end 321 e.cn Do.. 10058003111 III 11319 33-01.01.33254071 0034 Jess., No. Carderys Su0.1.340n. sccotdun to 10,0. recorded .1 thew. C. of 1.5.6. 69006 Counly Records
. .
31980 Iyeecod 51091.10146 10058000103 59 4319 31-01.01.04.103201 84 09 044840000 0110010000 acrorang lo toe 1010.108 maroof Crty 01 1009,09 I.. Carney Rao..
. .
3207 Maloney 5.2* Canary 141058000111 55 61717 3301.01.30477.071 (0 370 Po.. Grow S.C... No 1 3000e0i09 to M111000010 041 tea. Crty of tans.. 009000 0000*) Records
3210 YOUnq 51100 f amen 10058000102 32 51210 3301.0143130491 00 183 Westnont 840005o0., aCconlIng to Inn ruc0,030 03310003.00 CM 0010001.4 1035. County Records
. . .
00243 0301 00 v 4, 6 ,,, Noryy 40 leet .04 Ewa 661. of 0, 000 aiso W.00? feet of Soutn 30 60 allot 410 Rom. Gr0., Sy..., Flo 1 0t0r049 lo Me 100.08 mar. Coy 0
32008.00, Solo 1 arney 10358060111 114
. . Lensyng 1.. Carey Records
323.00 325110100 00000. 14/058034111 112 11323 330101-33 254-061 10 85. JOSSOOS NOrne 0010105 500805001. 40C.34,11 4 . 1.0. tes1 0.00 040 0030(5009 666061 00-60, 600105 2
3302 Weal. 5049 i amity 10358000107 52 53302 11-01.0106-178-211 IA 87. We.. saaae,en, according to re waded pea thereof Cey 0( 3.004,4 440609 Carew Record,
. . .
1315 Weser. Sr. Ea.) 06058003102 53 53315 1301-01-01 178 721 Lot 86.660.641 Sub.s.on, accord., tore recorded (00400.000 CW of tens/V. 69. 0 0. 111, Racords
. .
3109 erd 1415 W 405 0.64e0 041058000111 8_0354 111409 13-01.0503176252 E4,1 Si 010 45. Web Grow Forms No 1.008046 kr flYerecorde6 .1 150. CrY 0 1.9.6 .-",.., Ca.on R....
. .
3419 end 3423 21 Jody 11040. 111058003111 10 113419 3301.054:6126-256 W. Yet of tot 45 Nape Grorty 1 ems,. 1, accord,. Me re(Oreed 6441 darted Crty 01.8-6, 0 6910'o C.0y Records
TDD/TTY #: 1-800-545-1833 Ext. 919 in L_:qual Housing Opportunity" NI

Page 14 of 24
COMMISSION
Appendix
11141844440000e 0001492 7007 4/41 Bulking Welber 171.1 Number Parcel ID. of Oak*
15,8 ati.7144d 0_003/ 31-01.0,31.2264
. 13 I Ha 0115actil. S400.6.4414 acorang recorded plot tweet Cooped Lansing. Ingham Carty Roca.
.
3517 W 7441y 32 1301.0503.101, 154 Woo 13 feet of Nor. 125 feel el Lol 42. Maple Cram won No 1. according lo Me recorded 06 tneresi. City of Lansing, Ingnern Carry Rec.,
3125 W .104 5r6e. iinw 1/8450010 11 33 113525 13.01.05-06, 101-166 Lev 60 leit 0 West 63140 of 144416 125 fee Or. 01 Aleole Crow are 744 1 accoroinve tecorded pal tnareof Coy 0 Lanaing Ingnion Carly Rao,.
. .
3619 Wita5a1 Snle 1- eray 111018003112 35 51507 3301 01.33 231 011 141 295. Idspo fidi &Admix. according ra recorded 091 Tweet. Ca of 1891942 Mean, Carly Nocads
002290(10000 Srdo 1 envy 1035/300111 110 83622 130101-32226 341 Lc, 45 and Sato :5 of 1.046 Su0004404 aai larcnnold S.:maw accorang to no worded 044 moral Ca of tan4ng Ingham Canty Nocaos
. .
4025 0032 4027 GI4nat nu Ouplin 1.0018000102 34 154015 2350 40 36 405 101 10120 01060,19 5050090(1 accotdom 8,0 tecor00.1 obil Maw, Cey of laard Fake Carty lioccra
.
40511 Man.., $1rgo Famw 01058003103 8_0341 8405 3301.01. t08-341 10 115 Cotrytie 04n. 54600e0, a4 way 90 00498 8947for Cry 0(103009 moon County Records
.
407 11 00e9000 5r.40 1 mew 10058003103 70 8407 1101.01.14.106-351 101(6 CoLrribe Pada 50541,3004 act wangle me recorded plat Moral Cty 01 10(0000 lagoon County Raona
410610.0,03 Sege 121,00 00058000111 57 82640 33-010131.278-191 1063. Foster S 'Mena Road &amt., .0*0090111010100040181101200. City of tarring Ingeurn Ccortv Recora
412W 111000001 Sr0e 1 may 1.0058001103 /1 8412 3301.0101.103031 1841. 1001,l 009009 Sotdraco 4440404/9 83 Me 030408 014 7110001 CSy 01 Lansing. inglurn Carey 00004405
4132 Beam* Sole f amity 1.035000102 100 154132 23 50 4036 401-121 (0233. 011000*10 5. 4440089 M fte worded 06 Menet. City of Lenere9. Eaten Carty 800(15
4151 031 4153(84rOurna 1/6447 1.0050103102 101 154151 23 50 40 36 405 031 101 119 Glenarne Suaresa. accondr43 le rocaded Meted CM, 0 Lansing Eian CO20y Roca..
.
420083 422 W Genesee Owlei 70058000102 61 15420 3301.01.16106092 Well 115 1.010 7 and Wou 115 5 teet 0 50011 4 1400108. Block 72. Onginal CM 0 lemma Ingham Coyly Records
. .
4208 Carlene Siroi terry 70358000102 102 154203 23.50.40364074191 lot 778 08799.991110 5 1100(003 io 00 9909109 74191890800 Gay 0( 11000,1 Frew Canty Rama
.
4211018000* Sego ro,oey 1/1058003102 0_0339 154211 23 50 4036 402 001 1.41 270 Cararno No 5. according lo de recorded ail Maw, Gay of lean; Crew Carty Raords
4212 1341noie Sroe 1-011ry 0056000102 0_0040 154211 23-5040.36401.161 (8 237 Oiereeim 110 5. scc.dins to Me recorded Pal tared CW E eta Carey Rao,.
. .
4217 end 1219 GOname Duca 00058003102 6_0344 154217 2350 4036 407-031 (03230009405143 S. accord.) lo rear., $01 001000 CO 0 lensing 14100 COunty 120005
. .
422W 15400oo0 5(99 1004 110359003103 69 154133 3301-01-04-?02-Ill 101 19, Hyaena] sonorous., accordroo Me worded plat mereof (000 0? lensing lectern County Rao.
.
4220142/taw 5n/eter0it0 1.0358000102 11_0345 154220 23 50 40 36 17/-0/1 1024? Camara No 5 000r0n9 O. waded pal NOW C41 0110020 (Yon Carty 1704005
. .
42230.000(00 Snye rem., 1.0058003102 8 0346 154213 23.5040-36-327091 lol 268 Cleaume No 5. toccoNtr6 to Me rearded pal 'area Co, of lenon). Eaton Carty Records
. .
4229002000* Snara 1mew 144318003102 13_6047 154223 73504036-323191 I ol 291 *0010.0 110 5, .00,04748 10 99> 9909100 899 11941001 Cay 01 10100019 Eaton Core, Raw's
.
4237 fiaancre 5.630 10114 01058(00102 13_0148 154137 23.934036.31/ 111 Lc. 204 Cierarre No 50.coI4o1g101ol003l010pollfloc000 Cry ol lase0. Eeion Carty ReCOrd%
4248 61400010 Srrje mew 1.0058000102 0_0149 15420 235040.36-128.151 10 299 0070.010 000 5. according lo recorded cod tarn. C.4y 001019.00 felon County RMOMS
.
429 E COnatireY Sron lamely 1.035800)103 96 5429 3301,01 04 229 101 10 10. Sewoodors Plet of Ceram H*9, according to tne recorded plel dereof. Cty 04 11001014 Menem Carty Records
4300 Coureand siva *nay 1.0318003102 6_0350 154303 23 50 40 36 12/ 041 Ld 284 00004srst 110 5, according Id P. recorded pelt114940 Cty ot taLrig Erbn Carty Recceds
.
4307 end 4309 Glwarne Ouolei 01058000102 0_0351 15430? 2350 40 36 029 111 10 321 00702,0 10 5 acaang to Pe 4490:9090 81131007 CAy 01 Lamm Eaton Carty Records
.
433900003* 0161e. 114018003102 13_0352 154303 23-5040-36-327-031 Lc. 263 Glands. PM 5 0040(000 So Me rec.". rial Moreol C2001I000,00 Eakin County Records
. .
4312 0... 5,410 1 angry 144356003142 0_0353 154312 23504036326-102 Lc, 304 Oararno 5..4..0 lotto rocotdod trot. Cxy ol lawn; Caton Carey RoCOrds
. .
4321 Garland Sege firmly 0058000102 13_0056 1541/1 2350-4036-328-241 1.0 293 13,0.. 5 1105 acceding to raorded 0e1 tared Cty of lean/ Eaton Caney Record,
.
4327 en1 4329 Gerarne 00014, M058003102 6_0357 154327 23504036.3290131 La 318 Garame No 5. accor0+49 10 059 980,09441 thamot Ccy of Lwow Eian Canty Records
.
4330 6/00901,e Srrin lenity 100180:0102 69 154133 23 50 4036 326071 10 30/ Gieraire No 5. 4440404.910a recorded pini Meted C4y lan54.2 Ea. Car4Y 8090,14
4331918,0.8 Sera 1 ornily 10038000102 13_0359 154331 23 50 40 36 326.011 10 261 Oorarne No 5. sccachns recoccled pad 11e4a1 Cry 01 Lam, Caton Carty Records
.
4341 end 4343 Gleetarne Ouploa 144058000102 13_0313 154341 23 50 40-36 329 061 10 316 00004100 100 5.2030000000 rworded Pal 'Wed. C4y 005219. Eaton Ca., Roca%
.
4361018114W Solo 1S1ty 114318000102 13_0055 154351 73-504036-326011 (0 238 01000,030 120 5, matched to Ina focordad 'WI Morn. Cly of two% Eaton Carly Race%
. .
4405 Gen.. Snoe ran* 1.0058003102 0_0332 54405 73 50 4036 329021 1.41 312 bereurno No 5 accordng 959 'carded 04115000 C400(11000(9. E447. Carel 844040
. .
4510 la01.4 5.40 handy 144058000111 0.005 154520 13010132303-121 (03(0 0002040 003. Sutdonvon. accorang m invaded ged ewer* C179 of lensog, Ingham County Record,
. .
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. .
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.
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.
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TDD/TTY #: 1-800-545-1833 Ext. 919 in qua' Housing Opportunity" N

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Appendix
lAdking /10019, Und /WM. 03.04110 L906109.4101199 1 01001.

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TDD/TTY #: 1-800-545-1833 Ext. 919 in Lqual Housing Opportunity" NI

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Appendix
3. Declaration of Trust
See attached document - Lansing Housing Commission - Appendix 3 - HUD Declaration of Trust.
See attached document - Lansing Housing Commission - Appendix 3 — Release of Declaration of Trust.
(to be added with final address list)

Page 17 of 24
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Appendix
4. Fair Market Value Analysis
See attached documents Lansing Housing Commission - Appendix 4 - BOV and Marketing Update and
Lansing Housing Commission - Appendix 4 - Appraisals.
TDD/TTY #: 1-800-545-1833 Ext. 919 ,_:gual Housing Opportunity" (SI

Page 18 of 24
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Appendix
5. Board Resolution
To be voted on June 29, 2022.
Lansing Housing
COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone. (517)487-6550 Fax: (517)487-6977
Resolution No. ####

Adopted by the Lansing Housing Commission
DATE
Approval to submit an application for the disposition of 196 scattered sites (229 units) of public housing
to HUD's Special Application Center via the Section 18 program.
WHEREAS, for the past two fiscal years the Lansing Housing Commission (LHC) has incorporated within its
Public Housing Annual Plan, the intent to dispose of its scattered site units;
WHEREAS, it is LHC's desire to proceed with disposition of 196 scattered sites (229 units) through a Section 18
Application;
WHEREAS, consultation with residents of scattered sites has occurred via mailed notices and in-person meetings
and/or phone consultations;
WHEREAS, although not required by HUD, all scattered site residents have been provided the opportunity and
offer of sale to purchase their respective rental unit;
WHEREAS, letters of support from appropriate levels of government officials have been received: and
WHEREAS, prior to submission of a disposition application the U.S. Department of Housing and Urban
Development, approval must be given by the Board of Commissioners, as it pertains to Section 18 Demolition and
Disposition and the requirements outline in 24 Code of Federal Regulations 903.7(h)
NOW, THEREFORE, BE IT RESOLVED, that LHC Board of Commissioners supports and approves the
submission of a Section 18 Application for the disposition of 196 sites (229 units) of public housing scattered sites
BE IT FURTHER RESOLVED, that the Executive Director is authorized to execute documents and provide
certifications and submit to HUD for approval the aforementioned disposition request.
PASSED, APPROVED, AND ADOPTED the DATE
Emma Henry, Chair

Yeas
Nays
Abstentions
Attest:
Secretary
For Clerk Use Only
Resolution No. ####

Date Adopted DATE
TOD/TTY 8: 1-800-545-1833 Ext 91 aI Housang Opportuntty-K

Lansing Housing Commis, - ng lune 23, 2021
Transmittal— Approval of RAD & Sectors 11 Conversion at Hildebrandt Park
Resolution No. 1326
Page 1 of 1
TDD/TTY #: 1-800-545-1833 Ext. 919 in ,_:qual Housing Opportunity" N

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Appendix
6. Relocation Plan
To be ready prior to official submission.

Page 20 of 24
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Appendix
7. Resident Consultation
Resident consultation is an ongoing process. LHC has included the Section 18 sale of the
scattered sites in its 2020, 2021, and 2022. Additionally the project has been discussed in
monthly Board Meetings for the past 3 years.
More specific to direct resident consultation LHC sent communications in May of 2021, held
resident meeting on April 7, 2022, sent a letter in April 2022, has scheduled another resident
meeting for June 2022, and is likely to have a monthly resident meeting dedicated to this project
for the next few months.
In addition those discussions the LHC team posted a frequently asked questions document to
its website to inform residents about the process.
Lastly the LHC team has had informal ongoing dialogue with individual residents to provide
information and answer questions.
See attached documents: Lansing Housing Commission - Appendix 7 - Frequently Asked

Questions, Lansing Housing Commission - Appendix 7 - Scattered Housing Home Purchase -
May 2021, Lansing Housing Commission - Appendix 7 - Scattered Housing Home Purchase -
April 2022.
11 11

Page 21 of 24
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Appendix
8. Justification

" LHC will pursue the utilization of HUD's Section 18 Disposition program to execute the sale of
• Best Interest of PHA and Residents and Consistent with PHA Plan and 1937 Act as
described in 24 CFR 970.17(c). w
very low-income families. LHC has recent completed the conversion of most of its eligible
repositioning plan.

Page 22 of 24
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Appendix
9. Method of Disposition
LHC's method of disposition is Public Bid at FMV Sale. LHC executed an REP process to identify
potential buyers. The REP was provided to many different potential buyers including developers,
management groups, and community groups. Furthermore, the RFP was posted on LHC's website.
After gathering proposals from potential buyers LHC evaluated the results and selected 1 group to
purchase 189 scattered sites units.
See attached document LHC - Section 18 Scattered Sites - HUD-52860-A.
See Appendix Section 10 Purchase Agreement.

Page 23 of 24
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Appendix
10. Purchase Agreement
Lansing Housing Commission - Appendix 10 - Purchase Agreement.
Pending signature and final unit list

Page 24 of 24
Demolition and Disposition U.S. Department of Housing OMB Approval No. 2577-0075
Addendum and Urban Development (exp. 08/31/2023)
HUD-52860-A Office of Public and Indian Housing
The information collection requirements contained in this document have been approved by the Office of Management and Budget
(OMB) under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520) and assigned OMB control number 2577-0075. There is
no personal information contained in this application. Information on activities and expenditures of grant funds is public information
and is generally available for disclosure. Recipients are responsible for ensuring confidentiality when disclosure is not required. In
accordance with the Paperwork Reduction Act, HUD may not conduct or sponsor, and a person is not required to respond to, a
collection of information unless the collection displays a currently valid OMB control number.
Section 1. Demolition IIIN

El Yes 0 No
If yes:
1. Does the removal action include the
demolition of all or a portion of a El All units at a development site
development (AMP) or other public housing El A portion of units at a development site
property? Non-dwelling property at a development site
Non-dwelling property not at a development site (e.g. central PHA
administrative building)
1.-.1
.
If yes, complete questions 2-6 of this section. If no, move on to section 2. 111111
7
2. What is the estimated demolition cost? $
11 El Capital Funds El CDBG

3. What is the anticipated source of funds for the 0 Operating Funds
demolition cost? D Fiscal Year:
El Non-Public Housing Funds (describe: )
Obsolete - Physical Condition

4. What is the justification for the fl Obsolete - Location
Obsolete - Other Factors
demolition?
De Minimis Demolition (the lesser of 5 units or 5 percent of the total public housing
units in any 5-year period)
...../
Attach a narrative statement describing the justification for demolition, along with other supporting documentation, in accordance
with 24 CFR part 970 and PHI Notice 2018-04 (or any successor notice). If the demolition is for a portion of a development, the
narrative statement must spec jfically address how the demolition will help to ensure the viability of the remaining portion of the
develo ment.
The PHA must certify and present supporting evidence that no reasonable program of modifications is
5. Cost-test:
cost-effective to return the public housing development (or portion thereof) to useful life.
=
Attach a corn leted HUD-52860-B, narrative statement, and other supporting documentation as described in the
instructions 1

Section 2. Disposition
LI Conditions in Surrounding Area: 24 CFR 970.17(a)
LI Health and/or Safety
LI Infeasible Operation
1. What is the LI More Efficient/Effective Low-Income Housing: 24 CFR 970.17(b)
justification for C. Best Interests of PHA and Residents & Consistent with PHA Plan & 1937 Act: 970.17(c)
the disposition? LI The Non-Dwelling Structure or Land Exceeds the Needs of the Development (after Date of Full
Availability "DOFA")
The Disposition of the Non-Dwelling Property is Incidental to, or does not Interfere with, the
Continued Operation of the Remainder of the Development
Attach a narrative statement describing the justification for disposition, along with other supporting documentation, in accordance
with 24 CFR part 970 and PIH Notice 2018-04(or any successor notice).
If disposition is based on physical obsolescence under the demolition criteria, complete Section 1 (Demolition) of this form.
a. Public Bid FMV Sale
b. LI Negotiated Sale at FMV
c. Negotiated Lease or other Transfer at FMV
2. Method of Disposition d. LI Negotiated Sale or other Transfer at FMV
e. LI Negotiated Sale at below FMV
I Negotiated Lease or other Transfer at below FMV
8. LI Land-Swap
Attach a description of the method of disposition (e.g. sale or ground lease terms; below FMV disposition).
If the disposition is proposed via negotiation, attach a Certificate of Good Standin (under applicable State law) of the proposed
acquiring entity, or other evidence that the entity is recognized under State law.
3. Is the proposed acquiring entity the PHA's instrumentality as defined
Yes No
by 24 CFR 905.604(b)(3)?
4. Commensurate Public Benefit: X ,
If the method of disposition is at or below FMV, the PHA must demonstrate a commensurate public benefit
Attach a narrative description of commensurate public bene it in accordance with 24 CFR 970.19 and PIH Notice 2018-04
(or any successor notice). r
Section 3. Proceeds
1. Will the PHA realize proceeds from this distosition? Yes N
. If PHA answered yes to question #1, indicate the estimated amount of
Gross $13,810,000 Net $12,310,0000
gross and net proceeds l& - Er
. Is the PHA requesting to use gross roceeds for relocation costs? 0 Yes $ (estimated amount)
No
Is the PHA requesting to use ross proceeds for reasonable costs of Yes $1,500,000 (estimated amount)
dis,piz on? VLI No
If yes, attach a brief narrative, budget, or other supporting documentation describing the reasonable costs
LI Public Housing Capital Fund (CFP) Uses
Loan for development of Public Housing Units
Loan for development of PBV units
I Supportive Services for Residents
' Costs of Converting Public Housing Units to Project-Based Section 8 under the Rental
5. If the PHA will realize net
proceeds from this disposition,
how does the PHA propose to LI Section 8 HCV Shortfalls
use the proceeds? LI Operation of Section 8 program
Operation of Public Housing program
LI Modernization of Section 8 Units
LI Loan for modernization of PBV Units
@ Other Statutorily Eligible Uses: Development of new affordable housing units in the
Lansing area. The use of funds are to follow HUD guidelines and be used to increase the
number of affordable housing units in the Lansing area. LHC intends to work with the city

of Lansing, local groups, MSHDA to optimize the use of the proceeds from the sale.
(describe)
Z To Be Determined (TBD) (PHA must request approval from HUD when it determines
a proposed use)
Attach a brief narrative, budget, or other supporting documentation describing the proposed use of proceeds.
If loan is checked, include the loan term, interest rate, and type (i.e. permanent, bridge, construction).
Section 4. Offer of Sale to Resident Organization (Disposition Only)

Yes No AL
El 970.9(b)(3)(i): local government requests to acquire vacant land less than 2 acres in
order to build or expand public services..
El 970.9(b)(3)(ii): PHA seeks disposition to devek iacility to benefit low-income
1. If this action is for a disposition, families
is the PHA exercising any of the
exceptions to the offer of sale El 970.9(b)(3)(iii): the units have been legally vacated (HOPE VI, 24 CFR part 971 or
972) AIIIL N
requirements?
970.9(b)(3)(iv): the units are distressed units subject to Section 33 required
conversion .Ar
970.9(b)(3)(v): property proposed for dposition is non-dwellin
El Other: PHA requests that HUD consider another exception to 970.9(b)(1)
In\ /
If exercising an exception, attach a narrative statement or documentation supporting the exception in accordance with
970.9(b)(4). If not exercising an exception, complete questions #2-6 of this Section 4.
2. Name(s) of all established eligible organizations as defined by 24 CFR 970.11 (e.g.

resident organizations, eligible resident management corporations as defined in 24
CFR part 964, and nonprofit organization acting on behalf of residents at a
development.
Attach a narrative explanation of how the PHA determined the entities identified
3. Date(s) the PHA sent an initial written notification to each established eligible
organization in accordance with 24 CFR 970.11
Attach a copy of the initial written notification to each established eligible organization
4. Did the PHA receive a written expression of interest in accordance with 24 CFR 970.11
by an established eligible organization? El Yes El No
If yes, attach a copy of the expression of interest by any eligible established organization
5. Did the PHA receive a proposal to purchase from an established eligible organization
within 60-days of receiving the established eligible organization's expression of interest? El Yes 0 No
If yes, attach a copy of the proposal to purchase from an established eligible organization
MI DYesElNo
6. Did the PHA accept the proposal to purchase?
El N/A (PHA did not receive a proposal to purchase)
/
Attach a narrative explanation of why the PHA accepted or rejected the proposal to purchase

Section 5. PHA Certification
For SAC applications submitted under 24 CFR part 970:
1) If this SAC application includes a demolition action, I certify that the proposed development (units or other
property) meets the obsolescence criteria of 24 CFR 970.15 as specifically described in this SAC application.
I further certify that such obsolescence makes any units proposed for demolition unsuitable for housing
purposes and that no reasonable program of modification is cost-effective to return the development to its
useful life; AIL
2) If this SAC application includes a demolition for only a portion of the buildings/units at a development on a
contiguous site, the PHA certifies that the partial demolition will hel to ensure the viability of the remaining
portion of the development;
3) If this SAC application includes a disposition action for public housing units, the PHA is justified in disposing
of the development or other public housing property in accordance with the specific criteria of 24 CFR
970.17, as specifically described in this SAC application;AL N 1M\
4) The PHA will comply with all applicable relocation requirements of 24 CFR 970.21; and.
5) The PHA will use gross and net proceeds it receives from the dis osition in accordance with the requirements
of 24 CFR 970.19 and the HUD approval.
For De Minimis Demolitions: I V
1) The units proposed for demolition meet the criteria of Section 18 because they are beyond repair or the space
occupied by the units will be used for meeting the service or other needs of public housing residents; and
2) The units proposed for demolition do not exceed the statutory maximums of five percent of my PHA's total
housing stock, or five dwelling units, whichever is less, in any 5-year period'
yr
I hereby certify that all the information stated herein, as well as any information rovided in the accompaniment herewith,
is true and accurate. V
Allii
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18
U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802)
AL ..
Name of Authorized Official
Title
Signature
Date
A

Form HUD-52860-A Instructions
This form is required when a PHA proposes a demolition or disposition under 24 CFR part 970 and when a PHA proposes a de
minimis demolition under Section 18 of the 1937 Act. This information is required as a supplement to the HUD-52860 form. PHAs
must complete this form and upload it as an attachment to the IMS/PIC SAC application. Also, PHAs must upload the supporting
documentation requested by this form as part of the IMS/PIC SAC application. PHAs must label that supporting documentation by
section number of this form and/or by name (e.g. use of proceeds). PHAs refer to 24 CFR part 970 and all applicable PIH Notices in
completing this form, including PIH Notice 2018-04 (or any successor notice). PHAs must label All defined terms not defined in this
form have the meaning in those regulations and notices.
Section 1: Demolition
Justification (Question 4). In completing their narrative statements describing the justification for demolition, PHAs should refer to
the guidance at 24 CFR part 970 and PIH Notice 2012-7 (or any successor notice). In the case of a SAC application for demolition of
portion of a development (e.g. SAC application is for less than all units on a contiguous site) the PHA's narrative must describe how
the demolition will help to ensure the viability of the remaining portion of the develo ment. This requirement shall not apply for
demolitions of units on scattered non-contiguous sites.
Obsolete-Physical Condition: 24 CFR 970.15(b)(1)(i). A PHA must demonstrate serious and substantial physical deterioration of the
buildings/units at the development. HUD strongly encourages PHAs to submit a physical needs assessment (PNA), overnment
inspection, or independent architect or engineer's report as supporting documentation
Obsolete-Location: 24 CFR 970.15(b)(1)(ii). A PHA must demonstrate that the location of the units causes obsolescence. HUD may
consider the physical deterioration of the neighborhood; change in neighborhood from residential to industrial or commercial
development; or environmental conditions which jeopardize the suitability of the site or a ortion of the site and its housing structures
for residential use.
Obsolete-Other Factors: 24 CFR 970.15(b)(1)(iii). A PHA must generally demonstrate that factors at the development have impacted
the marketability, usefulness, or management of the units so seriously that, notwithstanding due diligence and its best efforts in
marketing and leasing the units, the PHA is unable to operate the development for residential purposes for an extended period of time
(generally more than 5 years). HUD may consider factors such as turnover rate, historic vacancy rate, access to transportation, crime
rates, site plan and density issues, neighborhood infrastructure, and unit size. HUD strongly encourages PHAs to submit third party
documentation.
De Minimis Demolition: 24 CFR 970.27. In any 5-year period, a PHA may demolish not more than the lesser of 5 dwelling units or 5
percent of the total public housing dwelling units owned by the PHA without the need to obtain HUD approval under 24 CFR part 970
provided the PHA can meet one of the following criteria: (a) The PHA will use the space occupied by the unit(s) for meeting the
service or other needs of the resident(eg. laund facility; community center; child care center); or (b) the PHA has determined the
unit(s) are beyond repair.
11.11111\
Cost-Test (Question 5). HUD generally shall not consider a program of modifications to be cost-effective if the costs of such program
exceed 62.5 percent of total development cost (TD) for elevator structures and 57.14 percent of TDC for all other types of structures
in effect at the time the SAC application is submitted to HUD.
Obsolete-Physical Condition: 24 CFR 970.15(b)(1)(i). PHAs must complete and submit the HUD-52860-B form.
Obsolete-Location: 24 CFR 970.15(b)(1)(ii). HUD will consider the PHA's cost of curing the cause of the obsolescence (e.g. nearby
industrial or commercial development, environmental conditions).
Obsolete-Other Factors: 24 CFR 970.15 b)(1)(i)(iii). HUD will consider the PHA's cost of curing the cause of the obsolescence (e.g.
site plan, crime, turnovel),L.
De Minimis Demolition. Cost-test re uirements are not applicable.
Section 2: Disposition
Justification (Question 1). In completing their narrative statements describing the justification for disposition, PHAs should refer to
the guidance at 24 CFR part 970 and PIH Notice 2018-04 (or any successor notice).
Conditions in Surrounding Area: 24 CFR 970.17(a). A PHA must demonstrate the location of the units (e.g. industrial or commercial
development) jeopardizes the health and/or safety of the residents and/or the feasible operation of the units by the PHA based on
external conditions outside the control of the PHA; and the condition is beyond the scope of the PHA to mitigate or cure in a cost-
effective manner. To support a SAC application based on health and/or safety, PHAs must generally provide relevant third-party

documentation that evidences the external conditions that present serious obstacles to the PHA maintaining the units as healthy and/or
safe housing.
More Efficient/Effective Low-Income Housing: 24 CFR 970.17(b). A PHA must demonstrate the retention of the units is not in the
best interests of the residents or the PHA because the disposition allows the acquisition, development, or rehabilitation of units that
will be more efficiently or effectively operated as other low-income housing units. PHAs must generally demonstrate why other low-
income units are preferable (e.g., more energy efficient, better unit configuration, better location for resident in terms of transportation,
jobs, schools or racial or economic concentration). See PIH Notice 2012-7 (or any successor notice).
Best Interests of PHA and Residents & Consistent with PHA Plan & 1937 Act: 970.17(c). See PIH Notice 2018-04 (or any successor
notice).
Third-Party Agreement. Certain third-party agreements may require HUD review and approval under 24 CFR part 970. In this case,
the PHA must submit a SAC disposition application under this form to obtain HUD approval for the third-party agreement (including
completing and attaching justification narrative of the agreement under 970.17(c) or other applicable section of 24 CFR 970). In the
SAC application, the PHA must clearly indicate it is requesting HUD approval of a third-party agreement and attach the draft form of
third-party agreement to the application. If the PHA is not requesting that HUD release the ACC or Declaration of Trust (DOT) or
DORC from the property, it should put "0" in all fields for units, buildin s and acreage. See PIH Notice 2018-04 (or any successor
notice).
Non-Dwelling Property: 970.17(d). A PHA must demonstrate that the non-dwelling structure or land exceeds the needs of the
development (after DOFA); or the disposition is incidental to, or does not interfere with, the continued operation of the remainder of
the development.
Method of Disposition (Question 2). In completing this section, PHAs should refer to the guidance at 24 CFR part 970 and PIH Notice
2018-04 (or any successor notice). PHAs may propose different methods of disposition in their SAC applications, including:
(a) Public Bid Fair Market Value (FMV) Sale (Cash). The PHA lists the public housing property on the open and competitive
market and solicits bids. Actual FMV may be more or less than the appraised value, depending on the market and may reflect
negotiations during the due diligence period. X
(b) Negotiated Sale at FMV (Cash). The PHA negotiates a sale with an identified buyer based on the appraised value of the public
housing property. The PHA receives cash for the sale.
(c) Negotiated Lease or other Transfer at FMV (Cash). The PHA negotiates a lease (e.g. ground lease, capital lease) with an
identified entity based on the appraised value (leasehold and/or fee value) of the public housing property. The PHA receives
cash for the lease payments., X
(d) Negotiated Sale or other Transfer at FMV (Seller-Financing). The PHA negotiates a sale with an identified buyer but instead
of receiving cash proceeds, the PHA receives a romissory note and/or mortgage or deed of trust. Payments are generally
made from deferred loan payments.
(e) Negotiated Sale at below FMV. The PHA negotiates a sale with an identified buyer for below FMV (often nominal value).
(f) Negotiated Lease or other Transfer at below FMV. The PHA negotiates a lease with an identified entity for below FMV
(often nominal value).
(g) and-Swaps. The PHA negotiates a "land swap". In addition to meeting the requirements for a Negotiated Sale at FMV in B
...above, the PHA must generally evidences that HUD has approved the acquisition of the property to be acquired in the "land-
swap" under 24 CFR part 905. If the property that PHA is proposing to acquire is valued less than public housing property
proposed for disposition, the PHA receives cash proceeds to make up the difference.
If the disposition is proposed via negotiation, the PHA must evidence the entity is a valid entity under State law and is in good
standing.
Commensurate Public Benefit (Question 3). In completing this section, PHAs should refer to the guidance at 24 CFR 970.19 and PIH
Notice 2018-04 (or any successor notice). HUD determines commensurate public benefit on a case-by-case basis. However, generally
the public housing property must be developed for affordable housing purposes serving low-income families (incomes at or below
80% of area median). HUD does not consider general public benefits (e.g., schools, libraries, fire stations, police stations and bridges)
to be approvable non-dwelling uses that primarily serve low-income families. A PHA may propose a preferred form of use restriction
(e.g., LIHTC extended use agreement, HOME agreement, reversion clause in transfer documents, provision in ground lease, separate
use agreement).
If applicable, PHAs may, but are not required, to complete the following table and submit with their SAC applications in order to
evidence the proposed commensurate public benefit, purpose and other disposition details:

Development Name Development Number
Proposed for Disposition: Building/s: , Units: , Acres:
Total number of units to be developed (or
Less than 80% of Area Median Income
preserved) on property:
Total number of non-dwelling buildings to be
ACC Non-ACC PBV Market Rate
developed (or preserved) on property: ,
Rental
For Sale
Name of Acquiring Entity (Rental Units)
Name of Acquiring Entity (initial developer) (For
Sale Units)
(e.g. 99-year ground lease; fee simple sale; Fair Market
alue)
Lease Price $ per yea
Sale Price Jilh ;y
Purpose and or summary of Commensurate Public i
Benefit (short description of units and non-
dwelling property to be developed/preserved) - -
Section 3: Proceeds
In completing this section, PHAs should refer to the guidance at 24 CFR part 970, PIH Notice 2018-04 (or any successor notice) and
any other HUD guidance on proceeds. In accordance with 24 CFR 970.19, PHAs describe their proposed use of estimated proceeds
(gross and net) in the SAC application.
Relocation Costs (Question 3). Pursuant to 24 CFR 970.21(e)(2), PHAs must pay for the actual and reasonable relocation expenses for
all residents who will be displaced from their public housing units as a result of a demolition and/or disposition action. HUD considers
the following to be eligible costs of relocation that can be deducted from gross proceeds: counseling and advisory services to residents
(including mobility counseling), moving expenses (including housing search costs), payment of a security and/or utility deposits at a
comparable housing, and costs of providing any necessary reasonable accommodations to residents in accordance with Section 504 of
the Rehabilitation Act of 1973 and other HUI4t ialance.
Reasonable Costs of Disposition (Question 4). Reasonable costs of disposition may include the following (although HUD may
disapprove any costs it deems unreasonable): (i) costs that PHAs incur in preparing the SAC application (e.g. environmental studies,
engineering costs of rehab estimates under 24 CFR 970.15, appraisal fees); and (ii) transactional (seller) closing costs (e.g., local
customary split of any brokerage fees, appraisal fees, survey costs, tax certificates fees, fees for recording the DOT/DORC release,
notary fees, title insurance fees, title company document preparation and closing fees, mailing and wire transfer fees, and reasonable
attorney feegrovided such costs are listed on the HUD-1 or other applicable settlement statement document.
Net Proceeds (Question 5). Net proceeds means proceeds realized after deducting relocation and disposition costs.
AORW
Section 4: Offer of Sale to Resident Organization
In completing this section, PHAs should refer to the guidance at 24 CFR part 970 and PIH Notice 2018-04 (or any successor notice).
PHAs are eligible to exercise the exception from the offer of sale described at 970.9(b)(3)(ii) only in cases where the PHA has firm
plans to replace substantially all of the units proposed for disposition with the housing units for low-income families (even if those
housing units are not low-income housing units as defined by Section 3 of the 1937 Act). Note that a PHA cannot forgo giving
applicable resident entities an offer of sale based on speculation or general plans to build a facility to benefit low-income families.
Section 5: Certification
The Executive Director, Board Chairperson, or other authorized agent of the PHA, should sign and date this Certification.

vo
r:
Lansing Housing
COMMISSION


"LHC will pursue the utilization of HUD's Section 18 Disposition program to execute the sale of
Best Interest of PHA and Residents and Consistent with PHA Plan and 1937 Act as described in
24 CFR 970.17(c).
very low-income families. LHC has recent completed the conversion of most of its eligible
repositioning plan.

tift
Lansing Housing
COMMISSION
LHC's method of disposition is Public Bid at FMV Sale. LHC executed an RFP process to
identify potential buyers. The RFP was provided to many different potential buyers including
developers, management groups, and community groups. Furthermore, the RFP was posted on
LHC's website. After gathering proposals from potential buyers LHC evaluated the results and
selected 1 group to purchase 189 scattered sites units.
See Appendix Section 10 Purchase Agreement in the Lansing Housing Commission — Section
18 Application.

tlaf
Lansing Housing
COMMISSION
Reasonable Transaction Costs

t am t
Lansing Housing
COMMISSION
Proposed Use of Proceeds
• Oliver Gardens rehabilitation project (existing 30 Section 8 units).

RAD conversion.
• Further development of existing resident services.

affordable housing
•
•
IL A

From: Sam Spadafore
Sent: Wed, 30 Mar 2022 15:26:12 +0000
To: Hornstein, Jane B; Szybist, Kathleen A
Subject: RE: <External Message> FW: Lansing Housing Commission - Section 18 - Fair
Market Value Summary
Jane — Thanks for the response. This is very helpful.
Sam
From: Hornstein, Jane B <Jane.B.Hornstein@hud.gov>

Sent: Wednesday, March 30, 2022 11:03 AM
To: Sam Spadafore <sams@lanshc.org>; Szybist, Kathleen A <Kathleen.A.Szybist@hud.gov>
Subject: RE: <External Message> FW: Lansing Housing Commission - Section 18 - Fair Market Value
Summary
Sam,
Please include all that you have attached as supporting documents to the application. Also please
include a discussion of any relocation plans you have for existing residents and know that if they choose
to move, the PHA must pay moving costs at the time they move from an existing Public Housing unit to
voucher lease, whether it is Project based on Tenant based. Also include a discussion about how the
market can absorb these households, if they will be displaced.
I think you have enough evidence for the price, but concerned about the residents staying properly
housed.
Hoping this helps?
From: Sam Spadafore <sams@lanshc.org>

Sent: Wednesday, March 30, 2022 7:25 AM
To: Szybist, Kathleen A <Kathleen.A.Szybist@hud.gov>; Hornstein, Jane B <Jane.B.Hornstein@hud.gov>
Subject: <External Message> FW: Lansing Housing Commission - Section 18 - Fair Market Value
Summary
CAUTION: This email originated from outside of the organization. Do not click links or open attachments
unless you recognize the sender and know the content is safe. If you have concerns about the content of
the email, please send it to phishing@hud.gov or click the Report Phishing Button on the Outlook ribbon
or Phishing option within OWA.
Jane and Kathleen — Hope you are both doing well. I am following up to see if you have reviewed the
information provided related to LHC's Section 18 Project - Fair Market Value Summary and have any
feedback for the team. The LHC team is working on the formal application and would like to include any
feedback/recommendations from your team related to the fair market value summary and/or any other
areas.
Happy to have a quick chat if that is easier.
Thanks
Sam
517-712-7397
From: Sam Spadafore

Sent: Thursday, March 10, 2022 4:05 PM
To: Szybist, Kathleen A <Kathleen.A.SzybistPhud.gov>; Hornstein, Jane B <Jane.B.Hornstein@hud.gov>
Cc: Gordon, Douglas C <Douglas.C.Gordon@hud.gov>; Davis, Joseph S <Joseph.S.Davis@hud.gov>; Doug
Fleming <DFleming@lanshc.org>; Vicki Vaughn <vvaughn@ccadev.com>; John Schuster
<jschuster@ccadev.com >
Subject: Lansing Housing Commission - Section 18 - Fair Market Value Summary
Jane and Kathleen — Thank you for the time last month to discuss the Lansing Housing Commission's
(LHC) Section 18— Scattered Sites Sale project. The LHC team found the discussion very valuable. As a
follow-up it was determined LHC would provide a summary of its fair market value determination.
Below is information related to the fair market value determination.
Fair Market Value Summary
appraiser in the Lansing area Doug Petroff of Petroff Appraisals completed the appraisals
• Received signed confidentiality agreements from —30 interested parties
returns
• Received bid for the entire portfolio of approximately —$17.7M from SK Investments Group
Based on a review of the appraisals, evaluation of feedback from the RFP, and discussions with national
broker, LHC believes —$17.7M reflects a fair market value offer.
Attached are the 14 completed appraisals for your review and reference, the RFP bid worksheet with
site details, and marketing results / broker opinion of value from the partnering national broker.
Please let us know if you have questions or would like to discuss further.
Thanks
Sam
517-712-7397
Housing is our Mission — LHC is hiring — Please go to http://wwvv.lanshc.org and click on
Housing is our Mission — LHC is hiring — Please go to http://www.lanshc.org and click on

Section 18 Checklist
Submission Requirements for demo/dispos
OFFICE OF PUBLIC & INDIAN HOUSING
This checklist summarizes the application requirements for the demolition and/or disposition of public housing in accordance with
Section 18 of the 1937 Act, 24 CFR part 970, and PIH Notice 2018-04. Except when based on statutory or regulatory authority or law,
this checklist does not have the force and effect of law and is not meant to bind the public in any way. This checklist is intended to
provide clarity to the public regarding existing requirements.
Submission Requirements (HUD-52860 and HUD-52860-A)
O General Information
1. Date of application
2. PHA name & code
3. PHA contact
O Remedial Order
1. Is there a remedial order, compliance order, final judgment, consent decree, settlement agreement or other court
order or agreement that your PHA is operating under currently?
2. If yes, include narrative description explaining how removal is consistent with the remedial order.
O PHA Plan (SAC confirms through FO Cert)
1. Is the demo/dispo included in a HUD-approved Annual Plan or Significant Amendment'?
2. For Qualified PHAs2, was the demo/dispo discussed at an annual public hearing?
O Environmental Review (ER). Is ER completed 3 under part 50 or 58 that identifies the demo/dispo and any known future
use? SAC confirms ER requirements with FO. PHA may include HUD-7015.16 to verify completion.
O Local Government Consultation
1. Name local jurisdiction(s)
2. Mayor's (or highest elected official) letter supporting the demo/dispo
3. Narrative description of consultation with dates, meetings, issues raised and PHA responses. If no response by
government, description of attempts at government consultation.
O Property Description
1. Units/buildings (PIC numbers)
2. Acreage (Disposition only)
3. Site map or subdivision if disposition is for a portion of property (Contiguous sites only) (partial DOT release)
5. Recorded DOT/DORC (Disposition only)
6. Description of UFAS-accessible units distribution (at development and proposed for removal under 518)
NOTE: PHAs report UFAS-accessible units for their entire Public Housing Portfolios in MicroStrategy. PHAs must
ensure this information is current and complete. Incomplete UFAS-accessible data may delay FHEO review.
7. Personal Property (e.g., equipment, supplies, furniture and vehicles) that exclusively or primarily supports the
project/real property the PHA is disposing (NOTE: there is no specific question on the HUD-52860 about personal
property, but PHAs must include a description of any personal property that they want to include in the Disposition).
O Estimated Value of Property (Disposition Only)
1. If Disposition is at fair market value (FMV), provide a summary, name of appraiser, and date within past year.
2. If Disposition is below FMV (based on commensurate public benefit), provide alternative form of valuation (i.e. tax
assessor opinion)
0 Board Resolution. Signed and dated after resident and local government consultation
FO approval of the Plan can be pending, but PHA must have submitted the Plan to the FO.
2 See https://www.hud.gov/program offices/public Indian housing/pha/lists
3 Check with SAC for exceptions, i.e. SAC may allow PHA to submit the application if the part 58 is in public comment period
Page I 1 Demo-Dispo Checklist

As of March 2020
liv PIH
0 Timetable
1. Begin and end relocations
2. Execute contract (demo or sales)
3. Remove property
0 Relocation
1. Occupied Units (automatically populated in PIC) (no data entry required)
2. Number of individual residents displaced (from public housing lease, even if no physical displacement)4
3. Name of agency providing relocation counseling services to residents (if different from PHA)
4. Description of relocation counseling and advisory services
5. Estimated cost and anticipated funding source for resident moves (actual and reasonable) and other relocation
expenses (including counseling)
6. If PHA does NOT administer an HCV Program, name of Section 8 HCV Administrating Agency (who agrees in writing)
and approval from local HUD Office of Public Housing FO
7. Number of TPVs requested, narrative supporting TPV request and proposed use for relocation (describe family
relocation preferences and how TPVs are offered (i.e. tenant-based mobility, project-based voucher-existing or
after an AHAP development period)
8. Comparable housing offered to displaced residents (check box on 52860). PHAs may offer more than one form of
comparable housing. Consider family relocation preferences, households where a family member has a disability,
and families not eligible for Section 8 HCV assistance (i.e. because over-income)
9. PHAs may, but are not required to, submit a comprehensive written Relocation Plan. The Uniform Relocation Act
(URA) does not apply. See 24 CFR 970.21
O Resident and Resident Group Consultation
1. Resident. PHA develops demo/dispo application in consultation with residents to be displaced or otherwise affected
(note N/A for vacant land or non-dwelling). Provide date(s) and narrative of consultation process. Attach supporting
documents (e.g., agenda, meeting notices; sign-in sheets; minutes, print-out of written or email consultation)
2. Resident Council. If there is a Resident Council, provide name of council and date and narrative of consultation.
4. Attach copies of all written comments from residents or resident groups/organizations during the consultation.
O Demolition Justification and Description
1. Property Identification (portion, non-dwelling)
2. Cost of Demolition
3. Source of Funds
4. Justification (Physical condition, location, other factors) (see Appendix A)
5. Supporting documentation for demo (rehab estimate and 52860-B)
6. If only a portion of property is demolished, narrative statement on viability of remaining property
7. Future use of property after demolition (if known) (i.e. disposition, redevelopment as public housing)
O Disposition Justification and Description
1. Justification (check box on 52860-A; attach description and supporting documentation) (see Appendix A)
2. Disposition details-method of disposition (sale or ground lease); FMV or below FMV; name of acquiring entity (if
known); proposed future use of property (if known). (OPTIONAL: complete Transaction Table on Appendix B)
O Proceeds (Disposition Only)
2. Use of gross proceeds for relocation costs and/or reasonable costs of disposition. Attach a brief narrative/budget
4 Form HUD-52860 requires PHAs to provide a summary of resident displacement by race/national origin and disability. HUD will
review the data in the 50058 to confirm this information. Please ensure 50058 data is current.
As of March 2020
OFFICE OF PUBLIC P. INDIAN HOUSING
3. Use of net proceeds (if known) (check box on 52860-A). Attach brief narrative, budget, or other supporting
documentation). If loan is checked, include term, interest rate, and type of loan. If unknown, indicate. Once known,
SAC requires the PHA to request a use of proceeds.
El Resident Offer of Sale or Request for Exception (Disposition Only)
2. If not exercising an exception, name all established eligible organizations. Provide the notifications to organizations
and date sent. Summarize responses. Indicate if a proposal was received and if the PHA accepted it.
O HUD-52860, HUD-52860-A, and HUD-52860-B (if justification is physical obsolescence)
Forms should be submitted as PDFs (including signed certifications)
O HUD-5837 (required only if demo/dispo will remove all remaining units from the PHA's ACC inventory/PIC count)
Forms should be submitted as PDFs (including signed certifications)
0 Other PHA Considerations (but no submissions required)
1. Energy Performance Contract (EPC), Capital Fund Financing Program (CFFP), Repayment Agreement. If any
obligation impacts the units, resolution is required before SAC approval.
2. Public Housing Only PHA. If the applicant is a Public Housing Only Agency (no HCV program) or otherwise proposes
to have another HCV Agency administer TPVs, the FO must approve the HCV Administrating Agency (jurisdiction and
agency capacity) and there must be a written agreement between the two PHAs before SAC approval.
3. Community Supportive Services (CSS) Program. If a CSS grant program exists (i.e. ROSS, FSS, Jobs Plus), review the
demo/dispo impact on the grant/families. Contact CSS grant manager or FO with questions.
Demo-Dispo Checklist
Page I 3
As of March 2020
.4 ' P11-1
APPENDIX A
Justification Options for Demolition
PIH Notice 2018-04
NOTE: Demolition Applications (including Demolition and Disposition Applications) are submitted when a PHA plans to demolish
property while it is under a HUD Declaration of Trust (DOT). The PHA demolition must comply with Section 3, Davis-Bacon and
other public housing requirements (and PHA may use Capital Funds). If the PHA plans to transfer obsolete property so that a
LIHTC entity or other third-party can complete the demolition (with outside funds), it submits a Disposition only Application.
Justification Submission Requirements and Supporting Documentation

Obsolete: Physical Condition Evidence substantial physical issues of the buildings/units (i.e., critical structural issues,
deficiencies in major systems, deterioration due to prolonged deferred maintenance) .
Required: HUD-52860-B (TDC analysis), Excel document of list of specific and detailed
work-items that require rehabilitation or repair within next 3 years, preferably prepared
by an outside engineer or architect that includes SCOPE OF WORK and COST-ESTIMATES.
See PIH Notice 2018-04.
Optional: Physical Needs Assessment (PNA), government inspections (including

condemnation orders), and/or independent architect or engineer's reports (reports are
required to support structural defects, and asbestos and lead remediation) .
Obsolete: Location Evidence the location causes obsolescence (i.e. environmental or proximity to
highway/factory make property no longer suited for residential use)
Required: Narrative and third-party documentation; cost-test (PHA's cost to

cure/mitigate)
Obsolete: Other Factors Evidence conditions impacting the marketability, usefulness, or management of the units
that seriously impede operations for residential use supported by third party
documentation.
De Minimis In any 5-year period, a PHA may demolish the lesser of 5 dwelling units or 5 percent of the
total public housing dwelling units.
CERTIFY the resulting space is used to meet the service or other needs of the residents or
the PHA determines the unit(s) are beyond repair.
SAC approval not required but prior to demolition, the PHA must submit a PIC application
and wait for SAC to acknowledge the action (and ensure environmental compliance) .

As of March 2020
ii 1.111111
APPENDIX B
Justification Options for Dispositions
PIH Notice 2018-04
Justification Submission Requirements and Supporting Documentation

Surrounding Area-Health and Safety . Evidence conditions in the area that present serious obstacles to maintaining units as
970.17(a) healthy/safe housing (ideally from third party; may include part 58 ER determination).
2. Narrative of why conditions cannot be cured or mitigated in a cost-effective manner.
Surrounding Area-Infeasible Operation Evidence the lack of demand for the units (i.e. long-term vacancy issues, notwithstanding
970.17(a) due diligence in marketing, census tract data on declining populations; isolated area with
limited access to transportation and infrastructure; high turnover rates).
Improved Efficiency/Effectiveness 1. Evidence of firm plans to replace with PH or PBV Public housing units. Submit
Off-Site Development development proposal to HUD under 24 CFR part 905 PBV with "intent to project-
970.17(b) base" notification to HUD
2. No minimum number, but evidence replacement units are preferred.
Improved Efficiency/Effectiveness See above. If same units are proposed (i.e., change from PH to PBV) then the plan must
On-Site Development 24 CFR 970.17(c) include modernization/rehabilitation of the units .
Unit obsolescence (PHYSICAL only) (cannot Evidence units are obsolete as to physical condition in accordance with applicable
be used for LOCATION or OTHER FACTORS) demolition criteria (i.e. rehab cost-estimate and HUD-52860). See above.
Very Small PHAs Evidence operation of 50 or fewer public housing units and commitment to closeout
under PIH Notice 2016-23. Generally, a narrative (story) of how PHA proposes disposition
and closeout (i.e., in connection with method of disposition, need for TPVs and partnering
with voucher agency, use of proceeds, consolidation vs. closeout).
Blend with Rental Assistance PHA REQUESTS THE SECTION 18 BY SUBMITTING A RAD APPLICATION ONLY. PHA SHOULD
Demonstration (RAD) BE ADVISED TO SUBMIT A RAD APPICATION THAT REQUESTS THE BLEND
• 75/25
• Closeout
Scattered Site Units 1. Evidence units are unsustainable to operate and/or maintain as public housing
(narrative, operating budgets, distance between units, description of different
systems-HVAC).
2. Evidence units are in non-contiguous buildings
3. Evidence buildings have four or fewer total units
NOTE: Any building configuration is acceptable provided 4 or fewer units on a block
(i.e. 4 single-family homes next door to one another)
Non-dwelling Narrative statement and supporting documentation that non-dwelling buildings or vacant
24 CFR 970.17(d) land exceeds the needs of the project after the date of full availability (DOFA); or the
disposition of the property is incidental to, or does not interfere with, continued
operation of the remaining portion of the project.
Demo-Dispo Checklist
Page I 5
As of March 2020
Submission Requirements for demo/clispos
APPENDIX C
Transaction Chart
(For Negotiated Dispositions when property
will be used as affordable housing)
1. This chart is OPTIONAL and is being provided to assist PHAs in describing/summarizing the future use of a property in their
SAC applications.
2. PHAs may change this chart to meet their particular disposition/transaction and delete lines that do not apply.
3. If a PHA is disposing of property to more than one entity, for different purposes, complete separate charts.
4. This chart may be used when the affordable housing units will be new construction, rehab of existing public housing units,
or subsidy-change only of existing public housing units.
Development Name, Development Number

Approved for Disposition: Building/s: xx, Units: xx, Acres: xx
Total Units Reserved for families 80% of Area
Median Income
ACC Non-ACC
Other (describe, e.g. Market
(Mixed (describe, e.g.
rate, Workforce)
Finance) PBV, LIHTC)
Xx
Rental Xx Xx
Xx
For Sale Xx Xx
Total Non-Dwelling Structures e.g. community building

,
Acquiring Entity (if known) e.g. ABC Development, LP
,
Role of PHA in future use e.g. PHA's non-profit is General Partner in LP
,
e.g. Negotiated Sale at less than FMV, Ground Lease for XX Years.
Method of Disposition Seller (PHA) financing
Public Bid, Auction,
e.g. $1/ sale; $1/year ground lease
Disposition Amount (if known)
$1.2 M (FMV)
Sale Price e.g. $250,000, Donation, Nominal, etc. ,
Commensurate Public Benefit
e.g. new construction of LIHTC units, rehab and PBV of existing units
Summary (if below FMV)

As of March 2020
Petroff Appraisals
File No. 407magn011a
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 407magn01ia

Lansing, MI 48912
$90,000
Ninety Thousand Dollars
DJP
Restricted Appraisal Report File No. 407magn011a
CO
Property Address 407 N. Magnolia Ave. City Lansing State Ml Zip 48912
f— Other Description (APN, Legal, etc.), if applicable Legal:Lot 116 Columbia Park , PP#:33-01-01-14-108-351
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407 N. Magnolia Ave. 641 N. Magnolia Ave. 431 N. Foster Ave. 531 N. Magnolia Ave.
Sale Price $ $ 80,000 $ 86,000 $ 82,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION () s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION ,(-) s Adjustment
Sale or Financing Cash Conventional Conventional
Date of Sale/Time 10/29/2020 12/03/2020 02/10/2021
Site 33x125 36.5x125 33x96 33x125
x Design (Style) Ranch Bungalow Bungalow Bungalow
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(/) Room Count 5 3 1 6 2 1 0 5 2 1 0 6 3 1 0
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.:( Gross Living Area 20.00 964 sq. ft. 704 sq. ft. 5,200 843 sq. ft. 2,420 920 sq. ft. 880
a,
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GPARRES2 17 03272017
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GPARRES2_17 03272017
Petroff Appraisals
File No. 407magnolia
gparT
GPARRES2_17 03272017
,.r
407 N. Magnolia Ave. 231 N. Magnolia Ave. 307 N. Hayford Ave. 416 N. Foster Ave.
ProximitytoSubject 0.12 miles SE 0.10 miles SE 0.15 miles NE
Sale Price $ $ 92,000 $ 99,500 $ 90,000
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 139.39 sq.ft. $ 141.34 sq. ft. $ 111.39 s .ft.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +1-) s Ad ustment DESCRIPTION +1-) $ Ad ustment DESCRIPTION • 1-1 s Ad ustment
Concessions Concession -1,000 No Concessions Sale
Site 33x125 36.5x125 31x135
Actual Age 1968 1950 1925 1940
Room Count 5 3 1 5 2 1 0 5 2 1 0 5 2 1 0
Gross LWin Area 20.00 964 s .ft. 660 sq.ft. 6,080 704 sq.fI. 5,200 808 s .It. 3,120
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a 0 + 0- 3,920 0 + 0 1,800 0 0 120
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ADDENDUM
Client: Lansing Housing Commission File No.: 407magno1ia

Site Comments

$101,993.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1

Lansing, MI 48912
Sale Date: 10/29/2020
COMPARABLE SALE #2
431 N. Foster Ave.

Lansing, MI 48912
Sale Date: 12/03/2020
COMPARABLE SALE #3

Lansing, MI 48912
Sale Date: 02/10/2021
Wa.alator L2rtsf0 Asgoofation of REA

COMPARABLE SALE #4

Lansing, MI 48912
Sale Date: 10/30/2020
COMPARABLE SALE #5
307 N. Hayford Ave.

Lansing, MI 48912
Sale Date: 10/08/2020
COMPARABLE SALE #6
416 N. Foster Ave.

Lansing, MI 48912
Sale Date: N/A
LOCATION MAP
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Road View:
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Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DFIRM
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Petroff Appraisals
File No. 537c0mmunity
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 537c0mmunity
537 Community St.

Lansing, MI 48906
$110,000
DJP
co
Property Address 537 Community St. City Lansing State Ml Zip 48906
t- Other Description (APN, Legal, etc.), if applicable Legal:Lot 27 Supervisors Plat of Community Home Sites, PP#:33-01-01-04-230-151
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537 Community St. 3015 Creston Ave. 2701 Creston Ave. 2626 Creston Ave.
Sale Price $ $ 109,125 $ 130,400 $ 110,000
Sale or Financing Cash FHA MSHDA
Date of Sale/Time 08/07/2020 11/12/2020 12/01/2020
Site 50x140 100x201 45x201 41x120
x Design (Style) 2 Story Cape Cod Cape Cod 2 Story
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0- Condition Average Average Updated -13,040 Average
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(/) Room Count 7 4 1.1 6 3 1 +2,000 8 3 1.1 0 6 3 1 +2,000
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.:( Gross Living Area 15.00 1,308 sq. ft. 1,066 sq. ft. 3,630 1,194 sq. ft. 1,710 1,179 sq. ft. 1,935
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GPARRES2 17 03272017
Restricted Appraisal Report File No. 537c0mmun1ty
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gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 537c0mmun1ty
gparT
GPARRES2_17 03272017
,.r
537 Community St. 807 Paulson St. 16913 N. Cedar St. 321 E. Thomas St.
Proximity to Subject 0.23 miles SE 0.35 miles NW 0.57 miles SW
Sale Price $ $ 80,000 $ 104,500 $ 128,500
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION * s Ad ustment DESCRIPTION +11 $ Ad ustment DESCRIPTION • (- s Ad ustment
Sale or Financing FHA Conventional Active
Concessions Concessions -4,800 Concessions -4,500 Listing
Site 50x140 66x172 64x308 42x134
Design (Style) 2 Story 2 Story 2 Story 2 Story
Actual A e 1968 1913 1925 1927
Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdans. Baths Total Bdrms Baths
Room Count 7 4 1.1 6 3 1 +2,000 5 2 1 +2,000 8 4 1 +2,000

Gross LWin Area 15.00 1,308 s .ft. 1,032 sq.tt. 4,140 907 sq.fI. 6,015 1,274 s .1t. 510
Basement & Finished Full Part Crawl +4,535 Full
Heating/Cooling FWA/NAC FWA/NAC FWA/CAC -4,000 FWA/NAC
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(-) Net Adjustment (Total)
a 0 + J. 6600 + 0 0 50 0 $ 510
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GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 537community

Site Comments

area. I searched a 1/2 mile radius from the subject over the past 12 months. Currently there are five active listing, active
$73,982.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
3015 Creston Ave.

Lansing, MI 48906
Sale Date: 08/07/2020
COMPARABLE SALE #2
2701 Creston Ave.

Lansing, MI 48906
Sale Date: 11/12/2020
COMPARABLE SALE #3
2626 Creston Ave.

Lansing, MI 48906
Sale Date: 12/01/2020
COMPARABLE SALE #4
807 Paulson St.

Lansing, MI 48906
Sale Date: 07/06/2020
COMPARABLE SALE #5
16913 N. Cedar St.

Lansing, MI 48906
Sale Date: 02/11/2021
11 I 11 1111111111111111111111
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COMPARABLE SALE #6
321 E. Thomas St.

Lansing, MI 48906
Sale Date: N/A
(r.:1:•1(,1 I (;111-1(? of :1 PJ '101:;

LOCATION MAP
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Deem Dr Lansing, MI 48906
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t4Y.m Comparable Sale 1 Lansing, MI 48906
7
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Lansing, MI 48906 Frucktrklt AVN
Comparable Sale 4
0.38 miles SW 807 Paulson St.
W Lansing, MI 48906
0.23 miles SE
Comparable Sale 2
2701 Creston Ave. Commundy St
Lansing, MI 48906
0.48 miles SW E Pookoo st
ehMen Are
W Jackat, vt Bates St
„tactrzon St
Comparable Sale 3 t- Hum St

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2626 Creston Ave.
Lansing, MI 48906
0.48 miles SW . RactilakairSt
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Lansing, MI 48906
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Panel: 26065C0018
Road View:
Zone: X
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Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DF1RM
Sky Flood"'
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No inbtlity accepted to Any thrtl party tor any use Or Minna-0f tin flood map or as data
Petroff Appraisals
File No. 902m111er
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 902mi11er
902 W. Miller Rd.

Lansing, MI 48911
$125,000
One Hundred Twenty-Five Thousand Dollars
DJP
information in the appraisers workfile. The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property, given the intended use of the appraisal.
Client Lansing Housing Commission E-mail kims@lanshc.org

Client Address 419 Cherry St. City Lansing State Ml Zip 48933
Intended Use The intended use of the report is to establish a market value of the residential property for potential resale. The intended user
Property Address 902 W. Miller Rd. City Lansing State Ml Zip 48911
Other Description (APN, Legal, etc.), if applicable Legal:Lot 1 Southbrook Subdivision , PP#:33-01-05-05-431-311
Property Rights Appraised 0 Fee Simple 0 Leasehold 0 Other (describe)

SALESHISTORY
Prior Sale/Transfer: Date N/A Price N/A Source(s) MLS Records/Assessor

Analysis of prior sale transfer history of the subject property (and comparable sales, if applicable) None Noted
Offerings, options and contracts as of the effective date of the appraisal None Noted
Financing was found to be readily available at attractive rates of interest and at terms generally acceptable to the
Marketability Comments:
MC:MIMFE
All information used and relied upon within the report was gathered from an exterior inspection of the home, the
Improvement Comments:
902 W. Miller Rd. 5710 Orchard Ct. 4725 S. Pennsylvania Ave. 1618 Alpha
Sale Price 107,000 145,000 108,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) $ Adjustment DESCRIPTION (-) $ Adjustment DESCRIPTION (-) $ Adjustment
Sale or Financing Conventional Conventional Cash

Date of Sale/Time 05/22/2020 03/19/2021 09/02/2020
Site 75.70x116.50 70x120 66x132 41x132
2 Story Duplex 2 Story Duplex Bi Level Duplex 2 Story Duplex
SALESCOMPARISONAPPROACH
Design (Style)
Actual Age 1972 1972 1980 1920 +5,400
Room Count 12 4 2 2 6 3 -4,000 8 4 2 10 4 2

Gross Living Area 20.00 2,234 sq. ft. 2,290 sq. ft. -1,120 1,562 sq. ft. 13,440 1,472 sq. ft. 15,240
Rooms Below Grade Unfinished Unfinished Finished Unfinished
Garage/Carport No Garage 1 Garage/Unit -4,000 No Garage No Garage
Net Adjustment (Total) , - 9,120 , - 9,090 , - 20,640

Adjusted Sale Price Net Adj. -8.5% Net Adj. 6.3% 19.1%
Net Adj.
of Comparables Gross Adj. 8.5% 97,880 Gross Adj. 12.3% $ 154,090 Gross Adj. 19.1% 128,640

cinar -
Page 1 of 3 (gPARm) General Purpose Appraisal Report 0312017
GPARRES2 17 03272017
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gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 902miller
gparT
GPARRES2_17 03272017
,.r
902 W. Miller Rd. 6332 Norburn Way 801 Conrad Ave. 5802 Orchard Ct.
Sale Price $ $ 107,500 $ 116,000 $ 155,000
Sale Price/Gross Liv. Area $ 0.00 s .it. $ 55.53 sq. it. $ 65.91 sq. ft. $ 62.10 s . ft.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +11 s Ad ustment DESCRIPTION +11 $ Ad ustment DESCRIPTION • (-1 s Ad ustment
Concessions No Concessions Concessions -2,000 Listing
Site 75.70x116.50 75x104 80x126.5 74x189.75
Design (Style) 2 Story Duplex Bi Level Duplex Ranch Duplex 2 Story Duplex
Actual Age 1972 1970 1971 1968
Room Count 12 4 2 8 4 2 0 8 4 2 0 10 6 3 -4,000

Gross LWin Area 20.00 2,234 s .it. 1,936 sq.tt. 5,960 1,760 sq.fI. 9,480 2,496 s .it. -5,240
Rooms Below Grade Unfinished Finished 0 Unfinished Unfinished
x
a 0, 0- 5,960
(I) + ID 7,4800 11) 7,000
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GPARRES2 17 03272017
ADDENDUM

Site Comments

area. I searched a one mile radius from the subject over the past 12 months for multi family units. Currently there are two
and a median value of $239,450. Over the past 12 months there have been seven sales with a range of $92,500-$167,600
the subject.
Extra Comments
of this assignment.
ADDENDUM


estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
5710 Orchard Ct.

Lansing, MI 48911
Sale Date: 05/22/2020
COMPARABLE SALE #2

Lansing, MI 48910
Sale Date: 03/19/2021
COMPARABLE SALE #3
1618 Alpha
Lansing, MI 48910
Sale Date: 09/02/2020
COMPARABLE SALE #4
6332 Norburn Way

Lansing, MI 48911
Sale Date: 03/18/2021
COMPARABLE SALE #5
801 Conrad Ave.

Lansing, MI 48911
Sale Date: 07/09/2020
Sale Price: $ 1-16,003
COMPARABLE SALE #6
5802 Orchard Ct.

Lansing, MI 48911
Sale Date: N/A
LOCATION MAP
, doar
rr.
Edgemont .'11.1•
1.1L73
Park
113
Vi f)-A;r.y.r.r...co St
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East La'
Ottar.'3
F M%-r1I.Jan As'ir
Lansing
EASTSIDE
W 16111111::PO 51 Kalrrdza,S1
127 t St
"
Comparable Sale 3
1618 Alpha
Lansing, MI 48910 tter Park Zoo9
3.41 miles NE Crego Park KO
—
—
WM; MI FILor /no I- Mt riopo Ave ‘,3 •
;71
Comparable Sale 2 Univ(

W knlro; Pd W
Lansing, MI 48910
1.78 miles NE
0 OLD EVERETT
NEIGHBORHOOD
Comparable Sale 1
W Jowl, Ad F Jolty Rd 5710 Orchard Ct.
Subject Lansing, MI 48911
902W. Miller Rd. / 1.23 miles NE
Lansing, MI 48911J
— 4'otlhttip St
Comparable Sale 6
5802 Orchard Ct.
e•letiolau.lwNt
k6,, ar
Lansing, MI 48911 5,m131,111 I w
1.20 miles NE 4
••11.11.111.19111MIP ...m=
•
"C •Ssi r'• Dad Rd
Comparable Sale 5
801 Conrad Ave. Comparable Sale 4
Lansing, MI 48911 6332 Norb urn Way
1.73 miles SE
%,,„ Holt High School? HOLT

- Main Campus
Delhi Charter
Township
Google P.1
Map data ©2021
FLOOD MAP
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Subject
902 W MILLER RD
LANSING, MI 48911
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9 /9 roit Cincban Cruarn
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111 FEMA Special Flood Hazard Area — Hrgh Risk
Map Number: 26065C0137D • i Moderate and Minimal Risk Areas
Panel:26065C0137 Road View:

Zone: X
-= Forest Water
Map Date: 08-16-2011
FlPS: 26065
Source: FEMA DFIRM
Sky Flood"'
No logroeentotionE or warranties to any irony oorivou twig the content, actureoz or completeness of the flood reptat including any warturity of men..hantabllity Of
fitness for a particular purpose is MORA or poem-SW Vrtue scat.no factors altar between map layers and AIN wpate trom flood lone rntorrnabonat 151/RiUrE kxation
No lability rz accepted many tharl party tar any ma or Altana- at this flood map or its data
Petroff Appraisals
April 27, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 1031shepard
1031 Shepard St.

Lansing, MI 48912
$70,000
Seventy Thousand Dollars
DJP
co
Property Address 1031 Shepard St. City Lansing State Ml Zip 48912
t- Other Description (APN, Legal, etc.), if applicable Legal: Lot 186 City Park Subdivision , PP#:33-01-01-22-230-141
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1031 Shepard St. 942 Bensch St. 1223 Allen St. 1134 McCullough St.
Proximity to Subject 0.33 miles NW 0.19 miles SW 0.23 miles SW
Sale Price $ $ 67,500 $ 86,000 $ 53,000
Sale or Financing Conventional MSHDA Conventional
Concessions No Concessions No Concessions Concessions -750
Date of Sale/Time 01/28/2021 10/30/2020 06/26/2020
Site 33x127.5 33x123.75 49.5x151.2 33x123.75
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Actual Age 1968 1918 +3,375 1970 1915 +2,650
0 - Condition
0
(/) Room Count 6 3 1 6 3 1 6 3 1 5 2 1
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.:( Gross Living Area 15.00 962 sq. ft. 924 sq. ft. 570 934 sq. ft. 420 752 sq. ft. 3,150
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Net Adjustment (Total) 0 + U - 1,945 0+ 0 5,580 0 0 5,050

Adjusted Sale Price Net Adj. 2.9% Net Adj. -6.5% Net Adj. 9.5%

Produced using ACI software. 800.234.8727 vnvo.aciweb.com This form Copyright 20052016 ACI. a First American Company. Al Rights Reserved.

GPARRES2 17 03272017
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GPARRES2_17 03272017
Petroff Appraisals
gparT
GPARRES2_17 03272017
,.r
1031 Shepard St. 1136 McCoullough St. 1002 Shepard St. 1111 Walsh St.
Proximity to Subject 0.24 miles SW 0.07 miles NW 0.53 miles SW
Sale Price $ $ 53,000 $ 83,000 $ 69,500
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION • (-) s Ad usiment DESCRIPTION • (-) $ Ad ustment DESCRIPTION • 1-1 s Ad usiment
Concessions Concessions -750 Listing Listing
Site 33x127.5 49.5x123.75 49.5x115 40x104.5
Design )Style) Ranch Ranch Bungalow Bungalow
Actual A e 1968 1961 1919 +4,150 1924 +3,475
Room Count 6 3 1 6 3 1 7 3 1 6 3 1
Gross LWin Area 15.00 962 s .tt. 864 sq.tt. 1,470 1,155 sq.fI. -2,895 1,040 s .tt. -1,170
Heating/Cooling FWA/NAC FWA/NAC FWA/NAC FWA/CAC -4,000
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GPARRES2 17 03272017
ADDENDUM

Site Comments

$59,969.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
942 Bensch St.

Lansing, MI 48912
Sale Date: 01/28/2021
COMPARABLE SALE #2
1223 Allen St.

Lansing, MI 48912
Sale Date: 10/30/2020
COMPARABLE SALE #3
1134 McCullough St.

Lansing, MI 48912
Sale Date: 06/26/2020
COMPARABLE SALE #4
1136 McCoullough
Lansing, MI 48912
Sale Date: 06/26/2020
COMPARABLE SALE #5
1002 Shepard St.

Lansing, MI 48912
Sale Date: N/A
birs-ro Ass:iclati,c'ti PFAL-roRc,
COMPARABLE SALE #6
1111 Walsh St.

Lansing, MI 48912
Sale Date: N/A
LOCATION MAP
May St May Sc
fel
Marshall Park
* iv 4stgod N
z
(-) ;
(7.7 'lard .S1
Oak Park Lansing Catholic9
High School co
mocha,. Lk < Fernernod Ave
E Shiawassee St
z
i
.1 Vine St Vine St
Voe St
li
E
.ac =o
?ldiifp Sparrow Hospital Jerome sl 1 i
2 2 -4
A Emergency Room 9
1 <n
T
E Michigan Ave E Michigan Ave E Michigan Ave E Michigan Ave
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'6* PffeJpOrt St to pptetist
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to
E Kalamazoo St E Kalamazoo St E Kalamazoo St E Kalamazoo St
Comparable Sale 1 trInitint St

Comparable Sale 5
942 Bensch St
1002 Shepard St.
Lansing, MI 48912
etzabete SI Lansing, MI 48912 Bizebth St
noti 0.33 miles NW
Flat, s t ic• 0.07 miles NW
4
Comparable Sale 6 ,
t
1111 Walsh St. /
E , Subject
Lansing, MI 48912 ./C0/„.
I) ." sr 1031 Shepard St.
0.53 miles SW efitenet St 3 cr
-•47 Lansing, MI 4891 2 Alf,
0
E rietze4 St
Wettsh St V.Intsh St
CA
tr:
snliainv N
Parkv<w St
Perkin
I.
Comparable Sale 4
1136 McCoullough St.
Lansing, MI 48912
, 0.24 miles SW
Comparable Sale
nr •- ••••-cr,f- -
r."
Po r Park Zoo9
1223 Allen St. Cre
!s! LITIrfti ,7 Ciar r
, Comparable Sale 3 Lansing, MI 48912
0,
1 1134 McCullough St. ter, 0.19 miles SW
BAKER-DONORA Lansing, MI 48912 - •
0.23 miles SW '5-
..z.
Avon St
Pntkdnie Ave
Isheil St
Pershing Or
Evergr
lormen St
1
At Hope A ve Workhealth E Mt Hope Ave E Mt Hope Ave Fenner E Mt Hope Ave E

Ct Nature Center
I
Pèi sn!lamVN
3 3
Rtiey St
?ptiemAstluad s
Pacifk; Ave
Map data ©2021

FLOOD MAP
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Subject
1031 SHEPARD ST
LANSING, MI 48912
1
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Community: City of Lansing = FEMA Special Flood Hazard Area — Hrgh Risk
111
Panel: 26065C0132
Road View:
Zone: X
-= Forest Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DFIRM
Sky Flood"'
40 vePereentabone Ut warrantir to any poly oanoeu twig His content, actureof or comolotertoss of thia flood reptat., inducing ony e.drturity of menhantablIrtv Of
fitness for a part•cuitti purpose PS rn1isd ot fonndeld VrSuai samo tar-tors dile; between map lapin) and ACM soperatet from Rood 24:101? lrxatton
No inbtlity la steamed avian)/ Mild party tor any inn a entaise• of Inn flood map or its data
Petroff Appraisals
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 1501comfort
1501 Comfort St.

Lansing, MI 48915
$85,000
Eighty-Five Thousand Dollars
DJP
co
Property Address 1501 Comfort St. City Lansing State Ml Zip 48915
t- Other Description (APN, Legal, etc.), if applicable Legal:N 66' of S 132' of E 173.25' Lot 11 Assessors Plat #11, PP#:33-01-01-08-128-265
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1501 Comfort St. 1401 Comfort St. 1725 Comfort St. 1438 Comfort St.
Proximity to Subject 0.11 miles S 0.21 miles N 0.03 miles SE
Sale Price $ $ 67,000 80,500 $ 87,000
Sale Price/Gross Liv. Area 0.00 sq. ft. $ 93.06 sq. ft. $ 97.93 sq. ft. $ 1 10.97 sq. ft.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION (-) s Adjustment DESCRIPTION 1-) $ Adjustment
Date of Sale/Time 09/15/2020 +1,340 04/16/2021 04/29/2021
Site 66x173.25 40.33x174.25 49x164 41x140
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Actual Age 1971 1918 +3,350 1916 +4,025 1956
0 - Condition
0
(/) Room Count 6 3 1 5 2 1 0 5 2 1 0 5 2 1 0
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.:( Gross Living Area 15.00 960 sq. ft. 720 sq. ft. 3,600 822 sq. ft. 2,070 784 sq. ft. 2,640
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Adjusted Sale Price Net Adj. 3.4% Net Adj. 7.6% Net Adj. 0.7%


GPARRES2 17 03272017
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This appraisal is made Dci
"as is," n subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed,
involved.
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GPARRES2_17 03272017
Petroff Appraisals
gparT
Produced using ACI software. 800.234.8727 www.aciweb.ccm This fctrn Copyright 2625.2016 AU. a First American Company. Al Rights Reserved.
GPARRES2_17 03272017
,.r
1501 Comfort St. 1034 Greenwood Ave. '1347 Glenrose Ave. 1612 Roselawn Ave.
Proximity to Subject 0.41 miles NE 0.21 miles SE 0.29 miles NE
Sale Price $ $ 96,000 $ 65,900 $ 75,000
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 90.91 sq. it. I$ 69.51 sq. II. $ 104.17 s it.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION * s Ad usiment DESCRIPTION +1-) $ Ad usiment DESCRIPTION • (-1 s Ad usiment
Sale or Financing FHA FHA Active
Concessions Concessions -5,760 Concessions -3,954 Listin g
Date of Sale/Time 04/14/2021 10/30/2020 +1,318 N/A
Site 66x173.25 35x104 36x102 48x85.3
Design )Style) Ranch Ranch Bungalow Ranch
Actual Age 1971 1950 0 1926 +3,295 1947 0
,
Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdans. Baths Total Bdrms. Baths
Room Count 6 3 1 6 3 2 -4,000 5 2 1 0 5 2 1 0

Gross LWin Area 15.00 960 s . it. 1,056 sq.tt. -1,440 948 sq.ft. 180 720 s . it. 3,600
Rooms Below Grade Unfinished Part Finished -2,000 Unfinished
Heating/Cooling FWA/NAC FWA/CAC -4,000 FWA/NAC FWA/NAC
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(I) 0 5,200
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GPARRES2 17 03272017
ADDENDUM

Site Comments

$75,983.
the subject.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
City: Lansin State: MI Zip: 48915
COMPARABLE SALE #1
1401 Comfort St.

Lansing, MI 48915
Sale Date: 09/15/2020
COMPARABLE SALE #2
1725 Comfort St.

Lansing, MI 48915
Sale Date: 04/16/2021
COMPARABLE SALE #3
1438 Comfort St.

Lansing, MI 48915
Sale Date: 04/29/2021
COMPARABLE SALE #4
1034 Greenwood Ave.

Lansing, MI 48915
Sale Date: 04/14/2021
COMPARABLE SALE #5
1347 Glenrose Ave.

Lansing, MI 48915
Sale Date: 10/30/2020
COMPARABLE SALE #6
1612 Roselawn Ave.

Lansing, MI 48915
Sale Date: N/A
021 Croater Lansing Agsccztion REALTCPS

LOCATION MAP
riticnigan uepartment
of Military and...
E ttopon W Sheridan Rd
41..06 Reyrlo'rdr. z Environmental
DT ain Laboratory Myleweee Ave
Apok, 3
Army National Guard:9
Maintenance Shop W Frothinek Avv
0
W Folrfieki Ayr
Mint Rd :13
co
▪ Termirrar Carrier Sr
3
Ittionore Blvd
W Pautaon St
to
/ i•
42 4
O. W How, An,
ii.E Drrwnev Street 40
ti
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0
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F v4ec
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1.30pbc, w6.9 Comparable Sale 6

1 612 Roselawn Ave.
Comparable Sale 2 Lansing, MI 48915
1 725 Comfort St. 0.29 miles NE Comparable Sale 4
writ ctA
Tecumse Lansing, MI 48915 1034 Greenwood Ave.
rk^ Park 0.21 miles N Lansing, MI 48915
hillSko.90n A,Ve 0.41 miles NE
Subject
OwnSi
AcS' 1501 Comfort St.
'3,rapo
Gr aV"" Lansing, Ml 48915
tossed Art
Lansing Wastewffern
Treatment y
Lomont St
Comparable Sale 3 Roth...rood Si

1438 Comfort St.
Lansing, MI 48915
0.03 miles SE
7
Comparable Sale 5
1347 Glenrose Ave.
WWillowSt Comparable Sale 1
4514404.8.10
Lansing, MI 48915
3,411 puulaiosuisP.m
1401 Comfort St.

0.21 miles SE
Lansing, MI 48915
1
0.11 miles S 3
r-
W Maple St W trivet* St
W Mintle St ..„
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Nyland St Hylond St Comstock Park Brook St

W
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▪ 3.
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r-
S t.tettet•et,
W Sitiewatitee. St g. Shiawassee St
w lama S St. Mary Cathedral

rc-
Google r- 0. Map data ©2021
FLOOD MAP
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Subject tlette•I
1501 COMFORT ST
LANSING, MI 48915
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or terve tri Collor
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ti •
Go le NEIGHBORHOOD
A ••011 -s/ - • .12•21/1 I .N. 0:47z.--4Lcal

111 = FEMA Special Flood Hazard Area - Hrgh Risk
Panel: 26065C0014
Road View:
Zone: X
=. Forest - Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DFIRM
Sky Flood"'
40 voRroaentahonE or warranties kiwiy party coma, twig the contoit, accuracy or completeness of the flood motet inducing any wanurity of merthantabrlity or
fitness for a particular purpose is iniplied or retsemied V rsue scatng factors altar betwsien map lays gs and ititi 9,iperate trom flood 21:101? .ntorrnerbanat ITIAlkag kxation
No inbtlity accepted to WV/ thal party or any tne or moused this flood map or iodate
Petroff Appraisals
File No. 1507robertson
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 1507robertson
1507 Robertson Ave.

Lansing, MI 48915
$82,000
Eighty-Two Thousand Dollars
DJP
CO
Property Address 1507 Robertson Ave. City Lansing State Ml Zip 48915
f— Other Description (APN, Legal, etc.), if applicable Legal:Lot 35, also Lot 34 exc S 20' North Highland Subdivision, PP#:33-01-01-08-205-132
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1507 Robertson Ave. 1725 Comfort St. 1438 Comfort St. 1034 Greenwood Ave.
Proximity to Subject 0.33 miles NW 0.26 miles SW 0.15 miles NE
Sale Price $ $ 80,500 $ 87,000 $ 96,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (-) s Adjustment DESCRIPTION 1-) s Adjustment DESCRIPTION ,(-) s Adjustment
Date of Sale/Time 04/16/2021 04/29/2021 04/14/2021
Site 52x132 49x164 41x140 35x104
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Actual Age 1985 1916 +4,025 1956 0 1950
0-
0
(/) Room Count 5 2 1 5 2 1 5 2 1 6 3 2 -4,000
cc
.:( Gross Living Area 15.00 850 sq. ft. 822 sq. ft. 420 784 sq. ft. 990 1,056 sq. ft. -3,090
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0 Rooms Below Grade Unfinished Unfinished Unfinished Part Finished -2,000
a Heating/Cooling FWA/NAC FWA/NAC FWA/NAC FWA/CAC -4,000
u)
Net Adjustment (Total) 0 + 0- 4,445 0 4- J. 1,010 0 0 18,850



GPARRES2 17 03272017
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07/31/2022
gpar
GPARRES2_17 03272017
Petroff Appraisals
File No. 1 507robertson
gparT
GPARRES2_17 03272017
,.r
1507 Robertson Ave. 1725 Robertson Ave. 1720 Robertson Ave. 1612 Roselawn Ave.
Proximity to Subject 0.22 miles NE 0.21 miles NE 0.11 miles NW
Sale Price $ $ 64,900 $ 55,000 $ 75,000
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 77.63 sq. it. $ 73.53 sq. ft. $ 104.17 s it.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +1-) s Ad ustment DESCRIPTION +1-) $ Ad ustment DESCRIPTION • (-1 s Ad ustment
Concessions Concessions -500 No Concessions Listin g
Date of Sale/Time 10/07/2020 +1,298 12/21/2020 N/A
Site 52x132 52x132 36x132 46x85.3
Actual Age 1985 1949 0 1930 +2,750 1947 0
Room Count 5 2 1 6 3 1 0 5 2 1 5 2 1
Gross LWin Area 15.00 850 s .it. 836 sq.tt. 210 748 sq.fI. 1 ,530 720 s .it. 1 ,950
Basement & Finished Full Crawl +4,180 Full Crawl +3,600
Porch/Patio/Deck Porch Similar Similar Fee Simple
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a 0, 0- 3,188 0 + 0 2,280 0 0 $ 3,550
CC
fa. of Comparables
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GPARRES2 17 03272017
ADDENDUM
Client: Lansing Housing Commission File No.: 1507r0berts0n

Site Comments

$65,999.
the subject.
Comparable four and six are the same home and used to show the current market conditions of the potential increase in
Extra Comments
of this assignment.
ADDENDUM
Client: Lansing Housing Commission File No.: 1507roberts0n

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
City: Lansin State: Ml Zip: 48915
COMPARABLE SALE #1
1725 Comfort St.

Lansing, MI 48915
Sale Date: 04/16/2021
COMPARABLE SALE #2
1438 Comfort St.

Lansing, MI 48915
Sale Date: 04/29/2021
COMPARABLE SALE #3
1034 Greenwood Ave.

Lansing, MI 48915
Sale Date: 04/14/2021
(;ri ,,1(1 I ;:ig:iti()P.!:f.oci;:iit)ii tII 1 A 1(11;f;

COMPARABLE SALE #4
1612 Roselawn Ave.

Lansing, MI 48915
Sale Date: 10/07/2020
COMPARABLE SALE #5
1720 Robertson Ave.

Lansing, MI 48915
Sale Date: 12/21/2020
COMPARABLE SALE #6
1612 Roselawn Ave.

Lansing, MI 48915
Sale Date: N/A
021 Greater Lansing Association of REALTORS

LOCATION MAP
Michigan Department
of Military and... Cd ii
a
Airoort s4.
CteYno:d•7;
9 z Environmental
W Sheridan Rd
Laboratory Hylewood Ave zt
Army National Guard:9 0.

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7 Comparable Sale 4
1725 Robertson Ave.
Lansing, MI 48915
Comparable Sale 5
0.22 miles NE
1720 Robertson Ave.
Lansing, MI 4891 5
c.timbqi°41'6
Comparable Sale 1 0.21 miles NE
1725 Comfort St.
Lansing, MI 48915
Tecumset 0.33 miles NW T
Park --,waimpar—
Muskegon Ave
Comparable Sale 6
1612 Roselawn Ave.
Lansing, MI 48915 Rusa.0
Cwom St
0.11 miles NW
GrB<N4
fissitert Ave
ng Wastewater 9
Treatment
Sinfelt St
Comparable Sale 2 I Comparable Sale 3
1438 Comfort St. 1034 Greenwood Ave.
Redirected St
0.26 miles SW 0.15 miles NE
a-C 411111 1111111`
Subject
1507 Robertson Ave.
Lansing, MI 48915
W Willow St
$Sga4un40N
Ilow St
0 0
a !, illendorrs St
4 I Cd
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W 1,1aple St W Mack, St g W Mtrse St
01.1,/
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St Hyladd St 2 Comstock Park amok St
W Kitborn Sa
(sr Deieturd Ave
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Google • • Map data @2021

FLOOD MAP
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1507 ROBERTSON AVE
LANSING, MI 48915
y r.! W W.11.Y• l A •1151.
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Go.. 4'ttl$48014s4on iniarassind lAya Otts€202t
Community: City of Lansing = FEMA Special Flood Hazard Area — High Risk
Panel: 26065C0014
Road View:
Zone: X
a Forest a Water
Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DFIRM
Sky Flood"'
No fegnotentabona or warranties to any petty convicts%) ear content, acturatrz or storroloteness (Atte flood repcat inducing any wanurity of rnett.hantabrIcr or
fitness for a pertycuial purpose SI IMPIIIi1d 1:1C rovemiod V rsr.kii scatno factors Mier between map layers and Yllriti separate from flood 21:01? 4011113i6011at fillArkag lrxat.on
No lability a accepted tawny Marl party tor any tne or moused this Hood map or as data
Petroff Appraisals
File No. 1518high
May 6, 2021

419 Cherry St.
Lansing, MI, 48933
File Number: 1518high
1518 N. High St.

Lansing, MI 48906
$120,000
One Hundred Twenty Thousand Dollars
DJP
co
Property Address 1518 N. High St. City Lansing State Ml Zip 48906
f- Other Description (APN, Legal, etc.), if applicable Legal:Lot 19 & S 42' Lot 20 Block 1 Handy Home Addition, PP#:33-01-01-10-154-112
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1518 N. High St. 1300 Center St. 122W. Cesar Chavez Ave. 427 Liberty St.
Sale Price $ $ 145,000 $ 94,900 $ 170,800
Date of Sale/Time 11/30/2020 09/25/2020 12/03/2020
Site 92x199 66x165 55x112 66x165
x Design (Style) 2 Story Duplex 2 Story Duplex 2 Story Duplex 2 Story Duplex
0
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a. Actual Age 1984 1860 1910 2004 -8,540
0- Condition Average Updated -7,250 Average Average
a
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(/) Room Count 8 4 2 10 3 2 0 7 2 2 18 4 4 -8,000
cc
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w
Garage/Carport No Garage No Garage 3 Car Carport -6,000 No Garage
Net Adjustment (Total) 0 + a 7,570

0+ 0 3,920 0 0 22,620


GPARRES2 17(13272017
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Produced using AG software. 800.234.8727 wwx.aciweb.ccm This (cm Copyright @20052016 AC1. a First American Company. Al Rights Reserved.
GPARRES2_17 03272017
Petroff Appraisals
File No. 1518high
gparT
GPARRES2_17 03272017
,.r
1518 N. High St. 110 E. Willow St. 208 W. Cesar Chavez Ave. 211 E. North St.
Sale Price $ $ 85,000 $ 149,900 $ 90,000
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION • (-) s Ad usiment DESCRIPTION +11 $ Ad usiment DESCRIPTION • l-1 s Ad usiment
Concessions Concessions -1,700 Listing Listing
Site 92x199 67.4x66 63x132 33x165
Design (Style) 2 Story Duplex 2 Story Duplex 2 Story Duplex 2 Story Duplex
Actual Age 1984 1890 1890 1895
Room Count 8 4 2 9 2 2 0 8 4 2 0 8 4 2 0
Gross LWin Area 20.00 1,872 s .ft. 1,611 sq.tt. 5,220 2,354 sq.ft. -9,640 1,134 s .ft. 14,760
Functional Utility Average Average Average 'Average
Garage/Carport No Garage No Garage No Garage No Garage
x
a 0, 0- 3,520 0 + J. $ 9,640 0+ 0- $ 14,760
o Adjusted Sale Price Net Adj. 4.1% Net Adj. -6.4% 16.4%
Net Adj.
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Additional Comparables (oPAR.) General Purpose Appraisal Report 05,2017
GPARRES2 17(13272017
ADDENDUM

Site Comments

area. I searched a one mile radius from the subject over the past 12 months for multi family units. Currently there are 11
and a median value of $110,536. Over the past 12 months there have been 15 sales with a range of $57,700-$250,000 and
a median value of $106,855.
the past 12 months for homes with similar size, assumed conditions, surroundings and amenities similar to the subject.
the subject.
generating income. Using the comparables in the report, the rents ranged from $450-$1,150 with a median rent of $715.
Extra Comments
of this assignment.
ADDENDUM

estate.
greatest return.
FRONT VIEW OF
SUBJECT PROPERTY

REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE SALE #1
1300 Center St.

Lansing, MI 48906
Sale Date: 11/30/2020
COMPARABLE SALE #2

Lansing, MI 48906
Sale Date: 09/25/2020
COMPARABLE SALE #3
427 Liberty St.

Lansing, MI 48906
Sale Date: 12/03/2020
COMPARABLE SALE #4
110 E. Willow St.

Lansing, MI 48906
Sale Date: 10/22/2020
COMPARABLE SALE #5

Lansing, MI 48906
Sale Date: N/A
COMPARABLE SALE #6
211 E. North St.

Lansing, MI 48906
Sale Date: N/A
LOCATION MAP
W State Rd E State Rd
:r* Granger 8
re
Meadows Park
W Sheridan Rd E Sheridan Rd
N
PNE1 Jr Estpx J34 1 UIU
t.f)
Ct. Comparable Sale 6

211 E. North St.
Lake Lansin
0.62 miles NW 427 Liberty St.
'CS
Lansing, MI 48906
0.44 miles SW
Comparable Sale 4 Subject

110 E. Willow St. 1518 N. High St.
Lansing, MI 48906 Lansing, MI 48906j
0.67 miles SW %4-7 Cr,
721eilteme--
re C.
Bancroft Park
E North Sr
Grae4).
"P-
Comparable Sale 5
E Cesar E Chavez Ave
Lansing, MI 48906
0.83 miles SW
AKLAND
Comparable Sale 1
1300 Center St.
Comparable Sale 2
Lansing, MI 48906
tgrnaw 0.48 miles SW
Lansing, MI 48906 z Catholic9
MV suawao 4
0.77 miles SW High School

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FLOOD MAP
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Zone: X
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Map Date: 08- 16-2011
FIPS: 26065
Source: FEMA DF1RM
Sky Flood"'
No legnoesntabonE warrantama ki wiy party otavai twig the tontott, acturaof or otimplatartass of thia flood rapcat inducing ony martanty of rrxiithantabilitr or
fitness for a partycutiti pry-pose ot- amomfei Vrsuai scatno factors dila; between map layers and ititi topagata from flood 21:101? 0110111:1i6011 at ITIAlkatf kx.at.on
Na inbtlity steamed to Any Mod party tor any tna or maniacal Om Hood map or as data

Lansing Housing Commission's Sale Documents Submitted To HUD

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Petroff Appraisals

File No. 2220turner

Lansing Housing Commission

File Number: 2220turner

2220 Turner St.

In my opinion, the defined value of the property as of May 6, 2021 is:

Net Adjustment (Total) 0 + U - 1,362 0+ 0 6,885 0 J. 12,565

ndicated Value by Sales Comparison Approach $ 110,000

, pa Page 1 of 3 (gPARm) General Purpose Appraisal Report 03i2017

Type of Value: Z Market Value 0 Other Value:

Scope of Work, Assumptions and Limiting Conditions

Additional Comments Related To Scope Of Work, Assumptions and Limiting Conditions

Produced using xi software. 800.234.8727 www.aciweb.ccm

Client: Lansing Housing Commission File No.: 2220turner

Comments on Sales Comparison

Client: Lansing Housing Commission File No.: 2220turner

Appraised Date: May 6, 2021

326 Douglas Ave.

226 W. Randolph St.

2304 Turner St.

2626 Creston Ave.

125 W. Randolph St.

321 E. Thomas St.

C..i:1(,1 I (;111-1(? of :1 Af .1 01:f

W Sheridan Rd E Sheridan Rd E-Rfleridan Ettl

Mr,.1lican Deport men!

:.srny National Guard:p

Minot, 1.01 000.4.0

FLOOD INFORMATION LEGEND

Panel: 26065C0018 Road View:

File No. 2716fireside

April 27, 2021

Lansing Housing Commission

File Number: 2716fireside

2716 Fireside Dr.

Net Adjustment (Total) 0 + U - 2,440 0 + 0 10,640 0 0 6,234

ndicated Value by Sales Comparison Approach $ 150,000

, pa Page 1 of 3 (gPARm) General Purpose Appraisal Report 03i2017

Type of Value: Z Market Value 0 Other Value:

Scope of Work, Assumptions and Limiting Conditions

Additional Comments Related To Scope Of Work, Assumptions and Limiting Conditions

Produced using xi software. 800.234.8727 www.aciweb.ccm

Sale or Financing Conventional Conventional Pending

Room Count 7 4 2 6 3 1 +4,000 6 3 1 +4,000 7 4 1 +4,000

Net Adjustment (Total) 04 0- 4,520 0+ 3,080 0+ 0- 7,780

Client: Lansing Housing Commission File No.: 2716fireside

Comments on Sales Comparison

Client: Lansing Housing Commission File No.: 2716fireside

Appraised Date: April 27, 2021

2810 Aurora Dr.

'1(0 Clinak:i I awing Am:)c:ifIlioo of I fl Al 101:f.

3011 N. Aurelius Rd.

2423 Artisan Dr.

3422 Stoneleigh Dr.

2921 Manley Dr.

Hotter Hark Loo y r°4:k7

ugh Rd E Cavanaugh Rd E Cavanaugh Rd

EMI Hoc Att 101 ,1,..-0,0‘or /141111 t,1",,,t gyJ

ttres1 I 1--xett PII rileil ill

t Coven L a IILII IALS

I. -kat, art I Jill, flJ I 11:1

FLOOD INFORMATION LEGEND

Map Number: 26065C0134D • = Moderate and Minimal Risk Areas