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*FOR IMMEDIATE RELEASE*
January 13, 2023
Contact:
[email protected] * *
*Gov. Whitmer Announces Awards to Build or Improve Nearly 700 Affordable Housing Units Across Michigan *
*LANSING, Mich. *-- Today, Governor Gretchen Whitmer announced funding to build or improve nearly 700 affordable housing units across 17 projects from Cheboygan to Detroit. Overall, the total development costs of projects funded is anticipated to be around $176.6 million and will create over 60 permanent jobs and over 1,100 temporary jobs.
“As rents and home prices go up across the state, it’s clear that quality, affordable housing is out of reach for far too many Michiganders,” said *Governor Whitmer*. “We must build more housing, which is what makes this program so important. It’s also why I signed the bipartisan Building Michigan Together [ [link removed] ] Plan last year, which included the ambitious goal of building or rehabilitating 75,000 housing units within the next five years. These are the types of steps we need to take to make sure every Michigander has a safe, affordable place to call home.”
Developers that receive a portion of the $14 million in federal Low-Income Housing Tax Credits (LIHTC) administered by the Michigan State Housing Development Authority (MSHDA) can claim credits against their tax liability annually for up to 10 years – an important initiative that helps incentivize investments in affordable housing in local communities across the state. This current round of funding will enable the creation or preservation of 683 total rental units.
“We know that creating affordable housing benefits everyone in the state by stimulating local economic growth, but it also creates opportunities for Michiganders to have equitable access to safe, quality, affordable housing for their families, making for stable and secure living and upward mobility,” said *Chad Benson, MSHDA rental development director.*
A full list of development projects receiving awards includes:
*Project*
*City*
*Developer*
*Award*
* Units*
21 Weston Redevelopment
Grand Rapids
Dwelling Place of Grand Rapids NPHC
$748,719
32
60 Harper Apartments
Detroit
MHT Housing, Inc. & St. Aloysius Parish Detroit
$1,318,395
49
730 N Burdick Street
Kalamazoo
Republic Development LLC & Mt Zion Baptist Church
$1,259,500
36
Andy’s Place II
Jackson
Milner & Caringella, Inc. and Community Action Agency
$836,500
26
Bagley Townhomes & 10th Street Flats
Detroit
American Community Developers, Inc.
$1,500,000
44
Bellevue Place & Rivervue Apartments
Bellevue
TJ Acquisitions, LLC
$476,777
60
Breton Grove II
Grand Rapids
Woda Cooper Development, Inc
$1,121,240
35
GTB LIHTC #2
Garfield Township
Grand Traverse Band of Ottawa and Chippewa Indians & RTHawk
$1,118,121
36
Hillsdale Place
Lansing
Gryphon Group, LLC
$865,000
40
Mainville
Stanton
TJ Acquisitions, LLC
$199,667
24
Old Mill Race
Coldwater
CRA Development, LLC & Cove Investments, LLC
$434,564
48
PVM 9% Westland
Westland
Presbyterian Villages of Michigan
$1,162,384
47
Rivertown Housing
Cheboygan
Cheboygan Housing Commission, Ethos Development Partners and Cove Investments, LLC
$461,120
38
Samaritas Affordable Living Spring Lake
Spring Lake
Samaritas; CCA Developer Two LLC; Pinnacle Ventures, LLC and Little River Development, LLC
$1,480,000
53
Unity Park Rentals VI
Pontiac
Community Housing Network, Inc.
$564,538
15
Whisper Pines
Pinconning
DeShano Development Corp.
$321,751
48
Woodbrook Apartments
Three Rivers
PK Development Company
$364,219
32
*Michigan’s Statewide Housing Plan*
The Whitmer-Gilchrist Administration has taken a holistic approach to increase housing supply, lower costs, set bold housing goals, and make investments to make homes more comfortable, safe, and energy efficient. Governor Whitmer released Michigan's first Statewide Housing Plan in partnership with the Michigan State Housing Development Authority [ [link removed] ] (MSHDA) to ensure that every Michigander has access to affordable housing that meets their needs. To tackle the state's housing crisis, Governor Whitmer laid out the ambitious goal of creating 75,000 new or rehabilitated housing units within the next five years. Today’s housing legislation will build on the work Governor Whitmer has started to help more families get into a home that meets their budget.
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