Ginosko Development Company (GDC) is a rapidly growing family of companies involved in all aspects of affordable housing development, construction, ownership and management. Although the organization was formed in 2002, the roots of its dedication to quality affordable housing reach back more than half a century. Founded by Amin Irving and John Hayes, Ginosko Development Company began by recognizing the growing demands of preserving and establishing affordable housing.
September 2003: GDC obtained site control over its first property in Battle Creek Michigan known as Springview Tower a 175 unit apartment complex.
July 2004: GDC was awarded $200,000 in development proceeds.
June 2005: GDC was approved by HUD to decouple a 236(e)2 Interest Reduction Payments.
June 2005: GDC successfully implemented a 14%
increase in rents increasing property value over $400,000.
August 2005: GDC closes a $7.87M real estate
transaction.
September 2005: GDC received a reservation of
over $2 Million in Tax Credits.
May 2005: GDC secured site control over a 76 unit
property in Detroit, Michigan.
December 2005: GDC received an award of $3,459,000
in Tax Credits.
April 2006: GDC closes on a 30 Scatter Site Home
project in Ohio totaling $5.34M.
September 2006: Obtained $1 Million from the United
States Department of Agriculture.
November 2006: GDC closes a $6.25M deal to rehabilitate/own a 76 unit apartment building in the New Center Area of Detroit.
January 2007: GDC secured site control over a 60 unit property
in Michigan.
February 2007: GDC successfully obtains nearly a Quarter
Million from City Proceeds.
October 2007: Ginosko Development Company expands into larger office complex to accommodate for rapid growth.
November 2007: GDC obtained site control over a 71 unit apartment complex in Detroit, Michigan.
April 2008: GDC awarded over $3.4 Million in Tax Credits.
April 2008: GDC obtained site control over two 100 unit apartment complex's in Chicago, Illinois.
September 2008: GDC obtained site control over 775 units in Michigan.
September 2008: Amin Irving recognized as Crain's Detroit Business Top 40 Business Person's Under 40 Years Old (He was only 31).
September 2008: GDC awarded over $10 Million in Tax Credits.
November 2008: GDC awarded over $1.7 Million in City HOME funds.
|
