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$5M affordable housing investment provides 'significant' boost for Grand Rapids

City staff are now working to set up funding agreements with the recipients of $5 million in federal funds. ....

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Grand Rapids to give tax exemptions for 6 affordable, low-income housing developments

Grand Rapids to give tax exemptions for 6 affordable, low-income housing developments
Updated Jan 12, 2021;
Posted Jan 12, 2021
Woda Cooper Companies wants to build two, four-story apartment buildings, geared toward low- to moderate-income residents, on Stocking Ave. NW near 3rd St. NW. The project is one of six Grand Rapids leaders are eyeing to give tax exemptions to. (Rendering courtesy of Woda Cooper Companies)
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UPDATE: The Grand Rapids City Commission approved the tax exemptions.
GRAND RAPIDS, MI Grand Rapids elected leaders have given initial approval on tax exemptions for six proposed affordable and low-income housing developments in the city.
If all six projects are completed as planned, they would bring 299 apartment units to the city, of which 78 units are anticipated to be permanent supportive housing serving people with disabilities or chronically homeless. ....

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