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      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
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    <IRS990ScheduleA documentId="RetDoc5">
      <PubliclySupportedOrg509a2Ind>X</PubliclySupportedOrg509a2Ind>
      <GiftsGrantsContrisRcvd509Grp>
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        <CurrentTaxYearMinus1YearAmt>227367</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>448812</CurrentTaxYearAmt>
        <TotalAmt>1812924</TotalAmt>
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        <CurrentTaxYearMinus1YearAmt>958</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>7141</CurrentTaxYearAmt>
        <TotalAmt>8258</TotalAmt>
      </GrossReceiptsAdmissionsGrp>
      <GrossReceiptsNonUnrltBusGrp>
        <CurrentTaxYearMinus2YearsAmt>359604</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>1049462</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>1281084</CurrentTaxYearAmt>
        <TotalAmt>2690150</TotalAmt>
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      <Total509Grp>
        <CurrentTaxYearMinus2YearsAmt>1496508</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>1277787</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>1737037</CurrentTaxYearAmt>
        <TotalAmt>4511332</TotalAmt>
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      <PublicSupportTotal509Amt>4511332</PublicSupportTotal509Amt>
      <TotalSupportCalendarYearGrp>
        <CurrentTaxYearMinus2YearsAmt>1496508</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>1277787</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>1737037</CurrentTaxYearAmt>
        <TotalAmt>4511332</TotalAmt>
      </TotalSupportCalendarYearGrp>
      <First5Years509Ind>X</First5Years509Ind>
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    <IRS990ScheduleD documentId="RetDoc3">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>555533</OtherCostOrOtherBasisAmt>
        <BookValueAmt>555533</BookValueAmt>
      </LandGrp>
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        <OtherCostOrOtherBasisAmt>4421583</OtherCostOrOtherBasisAmt>
        <BookValueAmt>4421583</BookValueAmt>
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        <BookValueAmt>-417827</BookValueAmt>
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        <Desc>MORTGAGE PAYABLE</Desc>
        <Amt>4286478</Amt>
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      <OtherLiabilitiesOrgGrp>
        <Desc>TENANTS DEPOSITS HELD</Desc>
        <Amt>72668</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>LONG-TERM COMPENSATED ABSENCES</Desc>
        <Amt>6390</Amt>
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      <TotalRevEtcAuditedFinclStmtAmt>1737037</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>1737037</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>1737037</TotalRevenuePerForm990Amt>
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      <ExpensesSubtotalAmt>1341552</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>1341552</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>TO RELIEVE A SHORTAGE OF DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME, INCLUDING FAMILIES AND ELDERLY, HANDICAPPED OR DISABLED PERSONS, IN THE CITY OF ANN ARBOR, MICHIGAN AND TO PROMOTE AND ADVANCE DECENT, SAFE AND SANITARY HOUSING FOR SAID PERSONS BY, AMONG OTHER THINGS, FINANCING HOUSING PROJECTS APPROVED BY THE MEMBER THAT ARE USABLE FOR PUBLIC HOUSING PURPOSES OR OTHER CHARITABLE PURPOSES NOT INCONSISTENT. ALSO TO ENGAGE IN OR ASSIST IN THE DEVELOPMENT, FINANCING OR OPERATION, AND CARRYING OUT OR ASSISTING IN CARRYING OUT SUCH LOW INCOME HOUSING PROJECTS, AND FUNCTION WITHIN THE MEANING OF SECTION 3(6) OF THE UNITED STATES HOUSING ACT OF 1937, AS AMENDED, AS AN INSTRUMENTALITY OF THE MEMBER.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>TO PROVIDE LOW INCOME HOUSING TO THE CITIZENS OF ANN ARBOR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>AFTER REVIEWED BY MANAGEMENT, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS AND PRESENTED/REVIEWED AT THE BOARD OF DIRECTORS MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>NO DOCUMENTS AVAILABLE TO THE PUBLIC</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
