GVSU, City and Neighbors of Belknap Lookout working to develop more affordable housing
More affordable housing is coming to Grand Rapids and the Belknap Lookout neighborhood. Grand Valley State University and the City of Grand Rapids are working on a Memorandum of Understanding with neighborhood representatives.
Grand Valley State University will lease .85 acres of its Grand Rapids health campus to Three CPK, a joint venture of Third Coast Development and PK Housing.
The developer is targeting 45-50 rental units. A mix of 70 percent affordable and 30 percent market rate. The three story project will take shape in the Belknap Lookout Neighborhood along the south side of Trowbridge Street NE, between Lafayette Avenue NE and Prospect Avenue NE.
In a news release we’ve learned “Three CPK will submit an application for low-income housing tax credits in November.”
Once ground is broken the low-income housing project has a completion target date of fall 2019.
Patrick Center, WGVU News.