Tag: affordable housing
Michigan tax capture law spurs new affordable housing. The cost? $144,000 per unit
Michigan is giving developers $84 million in property tax rebates to build high-demand housing that includes at least some âaffordableâ units. Critics question the value of the incentive, which will limit future tax revenues for schools….
Coming soon to Michigan: Hundreds of affordable housing units. See where
A new Michigan tax capture law incentivized new housing construction, including 586 units for middle-income earners. See the 14 projects so far approved for $84 million in tax breaks….
City council backs homebuyer loan program over affordable housing push
City council is going to bat for would-be homeowners, applauding a forgivable loan program for down payments and swiftly defeating a push to steer funding toward affordable housing. Politicians threw their support behind the revival of a Queen’s Park and Ottawa-funded, city-stewarded program that would provide some London renters a 20-year forgivable loan up to […]
Future affordable housing project in Owen Sound to honour Peter Lemon
Former Owen Sound Coun. Peter Lemon is to be honoured in a future affordable housing build in the city. On Monday, Owen Sound council made it a requirement of a city donation of land to the local non-profit housing authority that the building or complex constructed on the land be named after Lemon, who passed […]
City councillor questions $3.1M housing loan program amid shelter needs
Should money potentially earmarked for Londoners to get a loan for a down payment on a home instead be directed to shelters or affordable housing?