Paragon Management, Inc.

      Committed to Excellence

Properties

Delaware Manor

Some our most notable properties include:


Bethany Villa Apartments


Studio, one and two bedroom apartment homes designed for  comfort and convenience. This beautiful community of garden-style apartments is nestled on 18 acres in the heart of Troy, Michigan. Bethany Villa is designated for people 62 years of age and better or disabled. We offer Section 8 apartments and market rate apartments. Income guidelines apply. Bethany Villa boasts a sprawling, park-like setting. Each apartment has its own entrance and garden space.

This community maintains 100% occupancy with a five year waiting list.

Resident Services include housing, a Service Coordinator, social activities, health and safety education, monthly newsletters and an approved on-site Neighborhood Network Center.

Since Paragon Management, Inc. took over management in January 2007, the Projects were awarded an Emergency Capital Repairs Grant totaling $534,000.  The Grants allowed the Projects to replace roofs, resurface parking areas, replace concrete sidewalks and replace boilers and hot water heaters.


For more information visit www.bethanyvillatroy.com

Restoration Towers


A 147 unit low-income senior HUD-subsidized apartment complex built in 1981, located in Detroit, Michigan.

Restoration Towers currently maintains an Occupancy rate of 98%.

Resident services include housing, meals, transportation, coordination of services by a staffed Service Coordinator, active resident council, social activities, health and safety education and computer literacy training through an on-site Neighborhood Network Center.

In September 2004, Restoration Towers refinanced its Direct 202 mortgage loan under Section 223(f) MAP guidelines.  The refinancing resulted in a cash savings of over $12,000 per month in debt service allowing the Project to set aside additional funds to cover the future capital needs of the building and to fund the operations of its Neighborhood Network Center.  20% of the savings is being used by the non-profit sponsor to fund its on-going mission for community outreach programs.  Restoration Towers was the first section 202 Project in the state of Michigan to refinance under this program and one of only a few in the entire United States.


For more information visit www.restorationtowers.com

Delaware Manor is a beautiful residential community for active senior adults who meet HUD low income qualifications and are 62 years of age or older or are physically challenged, located in Grand Rapids, MI. 
Our Mission is to provide a worry-free community that supports and fosters each resident's valued independence.  Because we understand that each senior's needs may vary, we offer a wide range of services such as meals, health and safety education, social activities, coordination of services by a staffed Service Coordinator and computer literacy training through an on-site Neighborhood Network Center.


For more information visit www.delawaremanor.com