- June 18, 2021
- Posted by: Stratford Team
- Category: Business
The Michigan Senate passed a package of bills today that would allow municipalities to award a range of tax incentives to developers for affordable housing projects.
Local and statewide groups under the Housing Michigan Coalition — including the Grand Rapids Area Chamber of Commerce, Home Builders Association of Michigan, Michigan Municipal League and Housing North — have been advocating for the passage of the bipartisan-backed legislation.
The six-bill package — Senate Bills 360-362, 364, 422 and 432 — gives local governments more flexibility and control over affordable housing programs while expanding “workforce housing” for people who may have difficulty obtaining market-rate housing but make more than what qualifies for affordable housing. Bill language also gives parameters to local governments to customize legislation to meet their needs for different levels of affordability.
“Housing is a foundational piece for our…
