Inkster Housing Commission Announces the Sale of Canterbury Estates to Sophia Investments

INKSTER, Michigan, August 13, 2024 – The Inkster Housing Commission (IHC) is pleased to announce the successful completion of the nearly two-year process of closing on the sale of Canterbury Estates, a 24-unit residential building, to Sophia Investments. The sale was finalized on July 26, 2024, marking a significant milestone in the ongoing development of IHC communities.

Sophia Investments, a dynamic real estate investment and property management firm, is driven by two first-generation Arab-American sisters-one an experienced attorney, the other a seasoned real estate broker. With nearly a decade of industry experience, Sophia Investments brings a unique perspective, deeply rooted in a commitment to diversity and inclusion. The firm is dedicated to building thriving, inclusive communities that provide safe and affordable housing while elevating the overall living experience for residents.

"The nearly two-year process to close on this sale underscores the commitment of all parties involved to ensure a smooth and successful transition," said Gladys Neal, interim executive director of IHC.

The Inkster Housing Commission would like to express its heartfelt gratitude to several key individuals and groups who played a crucial role in this process:

Mayor Byron Nolen, Inkster City Council, Planning Commission, and Zoning Board of Appeals for their unwavering support and guidance throughout the process.

Naomi Byrne of EJP Consulting for her expert advice and dedication to ensuring the best outcomes for the IHC and its residents.

Milton Spokonjy and Reno Cavanaugh, IHC Counsel, for their tireless legal support and counsel that were instrumental in navigating the complexities of this sale.

This sale represents a significant step forward in the development of Inkster Housing Commission communities. The IHC remains committed to fostering partnerships that will enhance the quality of life for its residents and contribute to the overall development of the Inkster community.

For more information, please call (313) 561-2600 or visit our website http://www.inksterhousing.org.

About Inkster Housing Commission

The Inkster Housing Redevelopment Commission (IHRC) was created in 1950 by the U.S. Department of Housing and Urban Development (HUD). Initially, the IHRC was a municipal department of the City of Inkster, a small, urban, blue-collar community 20 miles from Detroit. In 2004, IHRC became an independent, self-sustaining, HUD-funded nonprofit agency, following a change in state law that made all housing authorities independent of municipalities.