A 2023 state law allows reimbursement for redevelopment projects that include affordable housing options.
At the Ledyard Building in downtown Grand Rapids, the second through fourth floors’ offices will be converted into 36 apartments. The $11.6 million transformation ensures eight of the 36 units are priced for households earning at or below 60% of area median income.
The Breton Meadows project involves the partial demolition of the shuttered Family Fare store in the 4000 block of Breton Avenue Southeast where 168 apartments are planned. At a cost of $36.4 million, 82 of those units will be priced for households earning at or below 95-100% AMI…