First Housing Corporation was formed in 1978 by its principals in an effort to provide property management services to a portfolio of properties being developed by F & S Development and many of the properties have been subsequently redeveloped by FHC Developer. Since then, First Housing Corporation has grown to its present size with 139 employees on 26 developments across the State of Michigan. These developments encompass a broad range of funding and financing types, including, but not limited to, MSHDA financed, LIHTC, HOME, RAD, Section 8; HUD-221(d)4, Section 202, LMSA and Section 236; and market. Clients include profit-motivated owner/developers, nonprofit groups, and agencies such as the Michigan State Housing Development Authority and Federal Savings and Loan Insurance Corporation. Over the years, First Housing Corporation has successfully marketed seventeen new developments, both subsidized and conventional. In addition, we have refinanced/redeveloped 18 properties in the last 9 years utilizing financing from MSHDA, LIHTC and HOME. The First Housing Corporation team has produced Marketing Feasibility Studies for several new developments and effectively remarketed turnaround developments. First Housing Corporation has developed and sold computer software programs for management of subsidized residential property, both for financial reporting by management companies and for onsite resident eligibility.
Our operational staff has been built with time and consideration to fundamental growth through the retention of high-quality people. We pride ourselves on being able to train and encourage employees to become the best they can be.