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April 9, 2021 By Jon King / jking@whmi.com An agreement has been finalized between Howell Township and developers for an apartment project that will include federally subsidized units. At a special meeting Thursday, the township signed a $1.1 million purchase agreement with Union Development Holdings for an approximately 27-acre parcel located off of Oak Grove Road, behind Kroger. Called Union at Oak Grove, the proposed complex would include 220 units, 60% of which would be marked as âaffordable housingâ in accordance with Michigan State Housing Development Authority guidelines. Based on a renterâs income, those units could be priced as low as $661 per month. ....
Howell Township sells land for $1.1M, affordable apartments planned A proposed 220-unit apartment complex that will increase affordable housing in Howell is moving forward. Howell Township is selling about 27 acres northwest of the intersection of Highland Road/M-59 and Oak Grove Road to real estate investment firm Union Development Holdings for $1.1 million. About 60% of the apartments would be affordable units as defined by the Michigan State Housing and Development Authority. They would be backed by federal subsidies that give renters a break on rent based on their income. The affordable apartments are estimated to be priced as low as $661 a month, based on a renter s income. ....