24320 Michigan Ave

multifamily · HUD multifamily

Dearborn, MI, 48124

Data as of Aug 28, 2026 (this record's last observation) from Federal programme debt and subsidy; Securitised debt and banks; Assessor and registry layers; Federal tenancy. Page built Sep 25, 2026, 12:05 AM UTC and rebuilt at most every 15 minutes.

Relationships: 2
Dated events: 0
On other graphs: 0
Observed: Aug 28, 2026 to Aug 28, 2026

What matters now

in 280 months
to maturity
A $1.65M FHA insured mortgage loan from LUMENT REAL ESTATE CAPITAL LL matures Jan 2050.
a dated refinancing decision, with the lender known
Factthe loan tape, maturity confirmed

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Address: 24320 Michigan Ave
County: Wayne
Property type: multifamily
Units: 96
Records at this address: 1derivedone street address can carry several records
Owner: Normandy Limited Dividend Housing Association LimiHUD multifamily owner record for this FHA loan, as of 2026-08-11, right on 60 of 60 loans checked by hand

Subsidised housing

HUD Picture of Subsidized Households, Q4 2025; 1 assistance contract; 78 assisted units

Normandy Apartments

Project Based Section 8, LMSA · contract 04411358 · Q4 2025

Assisted units: 78
Occupied units: 77
Occupancy: 99%
Average tenant rent: $392 a month
Average HUD spend: $822 a month
Average household income: $17,363 a year
Average tenure: 91 months
Households reporting: 100%

HUD withholds tenant measures for small projects and for those with too few households reporting, so a measure missing from a contract above was not published, not zero.

Debt

programme and CMBS lending only; absence is not absence of debt

Instrument	Lender	Original	Current	Originated	Matures	Basis
FHA insured mortgage	LUMENT REAL ESTATE CAPITAL LL	$2.1M	$1.7M	Dec 11, 2014	Jan 1, 2050	confirmed

Relationships

Owns (1)

← NORMANDY LIMITED DIVIDEND HOUSING ASSOCIATION LIMIOrganizationowner of record (HUD owner participant)
Dec 9, 2014 to presentverifiedFederal program and statistical data

Property manager of (1)

← PRESERVATION MANAGEMENTOrganization
observedFederal program and statistical data

Dated events

No dated event names this entity yet.

Provenance

Graph: Real Estate
Canonical id
First observed: Aug 28, 2026
Last observed: Aug 28, 2026 27 days ago
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.