$25M in funds to go to two W MI affordable housing projects

GRAND RAPIDS, Mich. (WOOD) — Two West Michigan housing projects have received funding from the state.

The Michigan State Housing Development Authority Board has approved funding for six affordable housing projects. In Grand Rapids, $16.6 million is set to go toward building the 1309 Madison Apartments project.

The project will include 45 housing units across two buildings, with a mix of one- and two-bedroom apartments. Three of the apartments will be accessible units.

The project will be for those making between 30% to 80% of the area median income.

In Allegan County, Mystic View Apartments in Pullman is receiving $9.1 million to renovate its 40-unit development.

The funding comes as West Michigan, like the rest of the state, faces a housing crisis. Kent County needs to add 35,000 housing units, while Allegan County is facing a gap of around 6,200 housing units, according to housing needs assessments conducted by Bowen National Research.

The board also approved funding for housing projects in Detroit and Oakland County during its September meeting.

“The Board’s action this month is a reflection of the steady progress we’re making to increase housing supply in urban and rural communities,” MSHDA CEO and Executive Director Amy Hovey said in a Tuesday release. “With over 300 housing units created or preserved this month alone, we’re working harder than ever to improve Michigan’s housing ecosystem.”

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