Construction of 311 affordable rental units and 27 condominiums in Grand Rapids and Wyoming will be supported by $9.9 million in Affordable Housing Loan Fund packages from Kent County and the IFF, a Midwest development financial institution.
The first project is HOM Flats 28 West on 28th Street in Wyoming, an $84 million project providing 257 rental units.
The second is Seymour Square on Eastern Avenue SE in Grand Rapids which will feature 27 units in a $14 million project.
The third recipient is Motown Square on Madison Avenue SE in Grand Rapids, an $18 million project offering 54 apartments for residents aged 55 and older.
The first project funded through the Affordable Housing Loan Fund was a Dwelling Place Community Land Trust development in the Garfield Park neighborhood on Grand Rapids’ southeast side, which broke ground in August 2023.
When complete, it will feature 42 homes available for purchase by middle and low-income earners.
