As interest rates and housing prices rise, homeownership is increasingly rising out of reach for many low- to moderate-income buyers.
Assisting those buyers, affordable housing provider Dwelling Place plans to build a pair of homes along Fuller Avenue south of Wealthy Street in Grand Rapids’ Baxter Neighborhood.
Jacob Horner, Chief Real Estate Development Officer says Dwelling Place can sell the homes below market value through its Community Land Trust in which it retains ownership of the land when the buyer sells it…