News Summary
Four affordable housing initiatives in West Michigan have received a combined $5.5 million in federal tax credits. These funds are aimed at improving access to affordable rental units, targeting low-income individuals and families. Highlights include projects like the Alpine Senior Apartments and Union Suites on Coit II, which will significantly enhance the availability of safe, affordable housing while addressing the ongoing housing crisis in the region.
Grand Rapids – Four affordable housing initiatives in West Michigan have been awarded a total of $5.5 million in federal tax credits as part of a statewide effort to improve access to affordable rental units. These tax credits are part of a larger allocation of approximately $14 million in 9% Low-Income Housing Tax Credits aimed at creating or preserving 484 affordable rental units throughout the state.
The Alpine Senior Apartments project in Grand Rapids received $1.41 million in tax credits. This development, with a total cost projected to exceed $16 million, will feature 52 one- and two-bedroom units designed for individuals earning between 30% and 50% of the area median income (AMI). The initiative is focused on addressing the needs of low-income seniors, providing them with safe and accessible living options.
Another significant project, Union Suites on Coit II, also in Grand Rapids, has been awarded approximately $1.47 million in tax credits. This development is the second phase of a project supported by the affordable housing nonprofit Dwelling Place. The total expected cost for this phase is about $17.8 million and aims to create a diverse array of units, including 20 one-bedroom, 21 two-bedroom, and 11 three-bedroom apartments for individuals earning between 30% and 80% AMI.
The Allen Crossing III development, backed by the Muskegon Heights Housing Commission, received around $1.3 million in tax credits. With an anticipated total cost approaching $12 million, this initiative will offer 42 one- and two-bedroom units for households earning between 30% and 80% AMI, targeting a demographic in need of affordable housing alternatives.
Lastly, the Froebel Place development in Muskegon has also been allocated approximately $1.3 million in tax credits. This project focuses on the renovation of an old school building into residential apartments at a total cost of about $16 million. It will consist of 35 one-bedroom, six two-bedroom, and three three-bedroom units for families or individuals with incomes of 30% to 80% AMI.
These projects are part of a statewide approach to tackle the affordable housing crisis in Michigan. With rising rents making it increasingly difficult for low-income individuals and families to find suitable housing, initiatives like these are crucial. The 9% Low-Income Housing Tax Credits, administered by the Michigan State Housing Development Authority, aim to incentivize the construction and rehabilitation of affordable housing throughout the state.
The overall goal of this funding is to improve living conditions for those who are economically disadvantaged and to expand the range of affordable housing options available. The successful allocation of the federal tax credits will not only provide immediate housing relief for many families but also contribute to the long-term stability of communities across West Michigan.
In summary, the funding of $5.5 million awarded to four projects in West Michigan represents a significant step toward increasing the availability of affordable housing. By supporting developments that address the needs of low-income residents, these initiatives play a vital role in fostering community growth and improving the quality of life for vulnerable populations in the area.
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Additional Resources
- WOODTV: West Michigan Affordable Housing Projects Awarded Tax Credits
- Wood Radio: Affordable Housing Projects in West Michigan to Receive Tax Credits
- Fox 17: Grand Rapids’ Newest Affordable Housing Project Is Complete
- MLive: Affordable Housing Meets Healthcare in Grand Rapids Suburb
- Wikipedia: Affordable Housing
Author: STAFF HERE GRANDRAPIDS WRITER
GRAND RAPIDS STAFF WRITER The GRAND RAPIDS STAFF WRITER represents the experienced team at HEREGrandRapids.com, your go-to source for actionable local news and information in Grand Rapids, Kent County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as ArtPrize, Festival of the Arts, and World of Winter. Our coverage extends to key organizations like the Grand Rapids Chamber of Commerce and Grand Rapids Community Foundation, plus leading businesses in furniture, healthcare, and technology that power the local economy such as Steelcase, Spectrum Health, and Meijer. As part of the broader HERE network, including HEREDetroitMI.com, HERENorthville.com, HERENovi.com, and HEREPlymouth.com, we provide comprehensive, credible insights into Michigan's dynamic landscape.
