Renovare Development

About Renovare Development

Renovare Development is a real estate operator headquartered in Ypsilanti, MI. Renovare Development operates in Ann Arbor, Michigan and Detroit, Michigan. Its investment focus is on Affordable Housing, Hospitality and LIHTC.

Renovare Development LLC is a woman-owned, social impact real estate development company based in Detroit, Michigan. It was founded in May 2019 by Shannon Morgan and Jill Ferrari. The founders together have over 50 years of combined experience in real estate development, including work in brownfield redevelopment, affordable housing, workforce housing, mixed-use housing, and community commercial spaces. Renovare has completed over 20,000 housing units through its founders’ prior and current work. The company focuses primarily on transformational mixed-use projects in urban neighborhoods and rural main streets. Its project types include mixed-income multifamily housing, workforce housing, attainable single-family housing, commercial spaces intended for local community needs, and projects located in Opportunity Zones. Financially, Renovare leverages federal, state, and local incentives, tax credits (e.g. Low-Income Housing Tax Credits), tax increment financing, and grants to support its development pipeline.

Principals at Renovare Development