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City Council holds first reading of community benefits ordinance; town hall set for Oct. 8
Summary
Council completed a first reading of a tiered community benefits ordinance that would attach affordable housing, local-hire and procurement requirements to large city incentives; the council set a town hall for Oct. 8 to gather public input before a final vote.
The Pontiac City Council conducted a first reading and voted to advance a proposed community benefits ordinance that would require developers seeking sizable city incentives to provide affordable housing units, local hiring percentages and procurement targets.
The ordinance creates three tiers of projects: Tier 1 applies to large private investment ($10 million or more) or financial incentives above a high threshold and would require, among other items, that not less than 20% of new residential units be priced at 80% of area median income (or a cash equivalent), a construction labor-hours target for Pontiac residents, and procurement thresholds for local small businesses.
Economic Devel…
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