Village at Jackson Hill

Muskegon, MI

In Jan 2021 General Capital acquired Jackson Hill, a 40-unit senior LIHTC project in Muskegon, MI as an addition to our holdings in Muskegon. The project was constructed in 2004 and includes 1BR and 2BR units. The product type, single-story cottages with private direct entries and attached garages, is extremely desirable to seniors.

The initial tax credit compliance period ended in 2019 and Jackson Hill is now in its extended use period. General Capital continues to operate the stabilized property as an attractive investment in our portfolio. In the future the project is a prime candidate for recrediting with 9% tax credits through MSHDA and the property is also QC eligible.