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® Closes on $72 Million in Financing for the Renovation of Jernigan Gardens, Formerly Windsor Cove, in Orlando

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.

Toimiken Potts Senior Activities Director in Jacksonville, Florida

Toimiken Potts, also known as “Toi”, is the Senior Activities Director for four communities managed by Millennia Housing Management, Ltd. (MHM) in Jacksonville, Florida. She has worked within these communities since June of 2014, and with MHM since 2017 when the...

Alan Weckerly Re-Elected MAHMA President

Alan Weckerly, Director of Revenue and Resident Services at Millennia Housing Management, Ltd., was recently re-elected as the Midwest Affordable Housing Management Association’s (MAHMA) President of the Board as well as the National Affordable Housing Management...

Resident Feature: Diane Stillwill, The Lakewoods

Resident Feature: Diane Stillwill, The Lakewoods in Dayton, Ohio.

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.