Hollander Development Hosts Open House to Celebrate First Place in the Michigan Battle of the Buildings
Hollander Development recently hosted an open house to celebrate winning first place in the Michigan Battle of the Buildings Biggest Loser contest. The Michigan Battle of the Buildings is an awards and recognition program for energy use reduction open to all commercial buildings. The program is a way to encourage energy-efficient practices in buildings across Michigan and to instill a spirit of friendly competition among the area’s building owners and operators. Hollander Development placed first in the multifamily category for Metea Court Apartments, cutting energy use by over 14%.
“Hollander Development set out to give the city of Buchanan a community that will be an example of energy efficiency for years to come,” said Matt Hollander, President of Hollander Development. “We were able to accomplish this goal with the help of Indiana Michigan Power’s energy efficiency programs and the financial backing of Cinnaire.”
Cinnaire, in partnership with InSite Capital, provided a $3.4 million Low Income Housing Tax Credit (LIHTC) investment to support the development of Metea Court. Additionally, Cinnaire Lending provided a $1.8 million Fannie Mae immediate permanent loan and a $1.5 million construction loan.
“Hollander Development Corporation is an industry leader in providing high-quality, energy efficient housing,” said Tom Edmiston, Cinnaire Senior Vice President, Business Development. “For 25 years, Cinnaire has partnered with Hollander Development Corporation to create healthy, vibrant, and affordable apartment communities. We appreciate their commitment to protecting our natural resources, promoting sustainability and reducing energy costs for residents.”
Cinnaire joined Hollander Development and Indiana Michigan Power (I&M) to celebrate the award during an open house at Metea Court. Hollander Development participated in one of I&M’s energy efficiency programs and installed LED lighting throughout the complex, placed energy efficient appliances in units along with ductless heat pumps. The energy efficiency measures installed by Hollander Development will save approximately 855,138 kilowatt-hours of electricity, enough energy to power more than 70 Michigan homes for one year.