Established in 1995, Millennia Housing Development, Ltd. (MHD) is the real estate development company within The Millennia Companies® (“Millennia”). MHD’s team of professionals leads Millennia’s efforts to acquire new assets, and recapitalize and redevelop both existing and newly acquired assets utilizing a variety of financing tools.

We are experts in managing complex financing structures including use of tax exempt and taxable bond issues, 4% and 9% Low-Income Housing Tax Credits, state housing tax credits, soft subsidy loans through state and local governments, tax PILOTs/abatements, bridge loans and private equity investments. We work extensively with key government-sponsored entities such as Fannie Mae and Freddie Mac, and work in concert with the Federal Housing Administration (FHA). MHD works creatively and consistently to employ new tools and funding programs to meet our objectives.

Overall, MHD’s goal is to ensure that properties coming into Millennia’s robust and growing portfolio (and properties in our existing portfolio) are (and remain) financially viable. This goal is aligned with Millennia’s overall mission – to serve as a dedicated long-term owner and manager of quality apartment communities – both affordable and market rate.

Featured News

The Millennia Companies® to Rehabilitate Grovewood Manor in Youngstown, OH

Built in 1978, Grovewood Manor has not had a significant rehabilitation since its original construction.

The Millennia Companies® Receives 2019 Downtown Development Award for The Statler Renovations

Located at 1127 Euclid, in the heart of Cleveland’s Playhouse Square District, The Statler has undergone an approximately $14.5 million-renovation to attract new generations of residents to the storied hotel building.

Millennia Apartment Communities Earn 40 Key Awards from the Northeast Ohio Apartment Association

The Northeast Ohio Apartment Association (NOAA) has awarded 40 apartment communities managed by Millennia Housing Management, Ltd. with a 2019 Key Award.

First Annual Night Out Against Crime Held at Sycamore Hills in De Soto, MO

On Tuesday, August 6, the De Soto Police Department held their first annual event to mark the National Night Out Against Crime, a community-building campaign

The Millennia Companies® Start Major Rehabilitation of Englewood Apartments

The $10,485,374 construction project addresses structural, systemic and functional deficiencies that have developed over time at the nearly 50-year-old property.

The Millennia Companies® Host Ribbon Cutting at Watterson Lakeview in Louisville, Kentucky

Millennia Housing Management, Ltd., hosted a ribbon cutting ceremony on May 17 to celebrate the preservation of 184 units of affordable housing for families.