GRAND RAPIDS — As Michigan’s second-largest city continues to grow and developers scoop up the remaining developable vacant land, it’s likely that some Grand Rapids residents who rent homes in desirable neighborhoods could face being displaced.
GRAND RAPIDS — To help curb fears of gentrification, a local nonprofit and an Ohio-based developer have partnered on an affordable housing development on the city’s southeast side. Ohio-based MVAH Development LLC, a development, construction and property management firm, is working with LINC UP on the proposed Eastern Lofts at 623 Eastern Ave. SE. The two hope to secure Low Income Housing Tax Credits (LIHTC) from the Michigan State Housing Development Authority (MSHDA) in the April funding round.
Grand Rapids city commissioners laid out early plans today to begin to “push the needle” on increasing affordable housing in the city.
Food trucks would be free to operate at city parks and other public areas under a new ordinance that’s expected to introduced at the Grand Rapids City Commission meeting next week.
If the first phase of a proposed mixed-use, movie theater-anchored development project goes through as planned, it could generate a projected $369 million in economic benefits in the first 10 years.