VANGUARD BREAKS GROUND FOR SENIOR HOUSING COMMUNITY

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DETROIT — Vanguard Community Development Corp. has broken ground for the development of Cameron Court Senior Village Apartments, a 48-unit affordable senior housing community located at the intersection of Cameron and Hague streets in Detroit’s North End neighborhood. The independent living community will contain a mix of one- and two-bedroom units. Vanguard received a $1 million construction loan and $7.9 million in low-income housing credit equity from the Detroit Local Initiatives Support Corp. Completion is scheduled for March 2009.

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