Michaels Development Company is one of eight integrated but independent companies that comprise The Michaels Organization, a national leader in the residential real estate industry that offers full service capabilities in development, property and asset management, construction, mortgage finance and tax credit syndication. Named the number one affordable housing owner and developer by Affordable Housing Finance Magazine, Michaels Development Company has developed more than 50,000 units in 34 states, the District of Columbia, and the U.S. Virgin Islands since it was founded by housing visionary Michael Levitt in 1973. From small scale properties to massive neighborhood transformations, Michaels Development has created high-quality, environmentally conscious and financially successful communities that offer affordable housing opportunities to more than 100,000 residents.
They are extraordinary proud of the grand opening of Key’s Pointe, the first phase of the massive redevelopment of a 60-acre O’Donnell Heights public housing site just outside of downtown Baltimore. For years, the city of Baltimore and the Baltimore Housing Authority wanted to redevelop this outdated and obsolete barrack-style housing community, but continually ran into obstacles. Through a collaborative process with our partners at The Baltimore Housing Authority, AHC of Greater Baltimore, and stakeholders from the community, including residents, business and community leaders and neighbors, a comprehensive master plan has been created that ensures Key’s Pointe will be a dynamic, diverse community that will serve families with a variety of incomes. Phase 2 is expected to close in 2015.
Michaels Development is proud to have its Vice President of Development Sasha-Gaye Angus work with many of HAND’s members. Ms. Angus represents the very best of the affordable housing industry. She is committed to providing quality, sustainable housing for families with low-incomes, and is especially focused on urban centers in order to raise the quality of life for those most vulnerable among us. In recognition of Sasha’s achievements in Baltimore, Tennessee, and now Washington, D.C., Sasha was named The Michaels Organization’s Teammate of the Year in 2014.
Michaels Development is new to HAND, but very excited to be part of an association that supports the community development industry in the mid-Atlantic region. The company is expanding its portfolio in Maryland, Washington, D.C., and Virginia, and looks to HAND as a major resource for information, best practices and networking with leaders in the field.