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.
And along the 200 block of Ann Street Northwest, construction of an $11.7 million, four-story mixed-use building adding 44 apartment units with 10 priced for households earning at or below 95% AMI.
According to a recent housing needs assessment conducted by Housing Next, Kent County needs nearly 34,000 units by 2030 to close its housing gap.
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