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Our resolution regarding ownership at The Village of Oakland Woods is providing inspiration on a national level:

A nonprofit housing group in Michigan has won a long legal battle over control of its property, in a settlement that’s being closely watched in Boston and across the affordable housing industry.

Under the deal, Presbyterian Villages of Michigan, a Detroit-area provider of low-income housing for seniors, came to an agreement with April Housing, part of the New York private equity giant Blackstone. Presbyterian Villages will be the sole owner of its 250 units of housing, and April Housing will give up any claims of ownership. April Housing also agreed to donate $350,000 to help the nonprofit fund future development.


Roger Myers, chief executive of Presbyterian Villages, took a break from the grill Monday, where he was helping prepare a meal for residents. In a phone interview, he said he was pleased with the outcome of the case.

“Obviously, we wish we didn't have to go through what went on for the last three years,” Myers said. “But we reached a very fair and equitable settlement.”

It’s hard to predict how Blackstone and its April Housing will deal with future tax-credit investments. But, Myers said, “We believe they acted in good faith to get a resolution.”

Read more: WBUR.org