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

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)...

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...

The Millennia Companies® Closes on $72 Million in Financing for the Renovation of Jernigan Gardens

August 11, 2020 (Cleveland, Ohio) - The Millennia Companies® (Millennia) is pleased to announce that it has closed on $72 million in financing for the acquisition and renovation of  256-units of affordable apartments at Jernigan Gardens, formerly known as Windsor...

Andre Sheard Impacts Youth of Hannibal Manor

Hannibal Manor Resident, Andre Sheard Aims to Transform the City of Hannibal, Missouri by Enriching the Lives of Children in the Community.

Millennia Housing Management, Ltd. Property Manager Named 2020 Site Manager of the Year

Millennia Housing Management, Ltd. (MHM) is proud to announce that Lisa Spangler, Property Manager at Wellston Pride Manor, has been named the 2020 Multifamily Housing Site Manager of the Year for an Elderly Property by the United States Department of Agriculture (USDA) Rural Development.
This national award recognizes housing professionals who provide residents with exemplary customer service and a great place to live. According to the USDA Rural Development website, the selections were based upon tenant satisfaction with the manager/maintenance person, and a combination of curb appeal of the property, timeliness and competency of maintenance, accurate and complete recordkeeping with no incidents of noncompliance, and actions of the manager that were rated consistently above and beyond the requirements of the position.

Millennia Housing Management, Ltd. Adds Barry P. Weaver as Executive Vice President

“We are fortunate to welcome a professional of Barry’s caliber and experience to the management company as we attain high levels of financial performance, customer service and operational efficiency,” said MHM President Lee J. Felgar. “His leadership will continue our momentum and help us to successfully implement a robust strategy during the years ahead.”

Coronavirus (COVID-19) Precautions

Millennia Housing Management, Ltd. is closely monitoring the impact of COVID-19 on our employees, residents, partners and all aspects of the communities we serve.