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® Hosts Ribbon Cutting Ceremony at Valencia Way to Celebrate Rehabilitation of Affordable Apartment Developments

Today, The Millennia Companies® (Millennia), a leading company specializing in the preservation of affordable housing, held a ribbon cutting ceremony at Valencia Way to celebrate the substantial rehabilitation of four affordable housing developments in Jacksonville,...

The Millennia Companies® Named No.1 Top Company Completing Substantial Rehabilitations and No.4 Top Affordable Housing Owner in U.S.

The Millennia Companies® (Millennia) is ranked No. 1 on Affordable Housing Finance’s (AHF) annual list for Top Companies Completing Substantial Rehabilitations and No. 4 for Top Affordable Housing Owners in the United States. “This recognition is a result of our...

The Millennia Companies® Announces Michael J. Pico as Chief Human Resource Officer

On May 3, 2021, The Millennia Companies® (Millennia) announced that Michael J. Pico has been named Chief Human Resource Officer. In this role, Pico will provide strategic leadership in the planning and implementation of all human resource functions, including talent...

Millennia Housing Management, Ltd. Hosts Vaccination Clinic at Senior Affordable Housing Development in Carbondale, Illinois

On March 24, 2021, the Millennia Housing Management, Ltd. property management team at Carbondale Towers/ Mill Street Apartments hosted a mobile COVID-19 Vaccination Clinic during which representatives of the National Guard and Jackson County Health Department (JCHD)...

Millennia Partners with Non-Profit to Close the Digital Divide

Service Coordinator Amber Aden at Carbondale Towers is on a mission to bridge the digital divide within the apartment community. She is partnering with PCs for People and enlisting support of others to provide seniors and those with disabilities with access to...

$11.8 Million Construction Project Nears Completion at Line Creek Apartments

Englewood Apartments is now known as Line Creek Apartments, and the $11.8 million construction project to preserve 152 units of affordable housing is nearly complete. Millennia’s Founder and Chief Executive Officer Frank T. Sinito says the new name reflects the...

Charter House Provides 24/7 Support to Residents During 7-Day Power Outage in Wayne, West Virginia

Due to the severe winter storms that swept across the country this month, residents at Charter House Apartments in Wayne, West Virginia, were left without power for seven days. The main power grid and five sub-stations leading to the main grid were down, affecting...

The Millennia Companies® Closes on $27.5 Million in Financing for the Renovation of Peace Lake Towers in New Orleans

The Millennia Companies® (Millennia) has closed on $27.5 million in financing for the acquisition and renovation of 131 units of affordable housing for seniors and persons with disabilities at Peace Lake Towers in New Orleans, Louisiana. The rehabilitation includes a...

The Riviera Beach Community Creates Christmas Magic at Azure Estates!

This holiday season, the Riviera Beach community came together to create Christmas magic at Azure Estates! The Friends of Riviera Beach Schools, the Secret Santas of Tiara, local officials and an entire crew of volunteers, including the city’s Public Works employees,...

The Millennia Companies® Announces the Promotion of Debra Moore to Vice President of Human Resources

The Millennia Companies® (Millennia) announced today that Debra Moore has been promoted to Vice President of Human Resources, reporting to Lee J. Felgar, President of Millennia Housing Management, Ltd. In this role, Moore is responsible for developing system-wide...