Displaying items tagged: LIHTC
ICCF plans move to new HQ in Grand Rapids
After helping save one historic building from the wrecking ball and rehabilitate it into usable office space, the Inner City Christian Federation is looking to do “an encore performance.”
Developers plan affordable housing for former Heritage Hill church
A vacant church in Grand Rapids’ Heritage Hill neighborhood could be transformed into affordable housing by next year.
Affordable housing developers face delays with ‘oversubscribed’ LIHTC funding
GRAND RAPIDS — Developers relied on low-income tax credits to add nearly 2,000 units of affordable housing in the city over the last five years. While the credits provide key gap financing to affordable housing developers, officials who administer the funding say the program is consistently “oversubscribed,” leading to delays for new projects.
616 Development turns to mixed-income housing to move delayed projects forward
Two previously announced mixed-use projects from 616 Development LLC appear to be moving forward, albeit with significant changes.