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Board approves amendments for Zion Place housing project; new unit affordability breakdown detailed
Summary
Commissioners approved an amendment to the housing fund agreement and a related ARPA loan amendment for Zion Place 4 LLC; county staff summarized a split financing structure using 4% and 9% low-income housing tax credits and millage/ARPA funds, producing several units at deep affordability levels including three 1‑bedroom units at 20% AMI.
Kalamazoo County commissioners approved contract amendments April 1 related to the Zion Place housing development and an associated ARPA loan amendment.
County staff described the project’s complex financing: multiple sources (about 19) are combined to build senior and affordable rental housing. The amendments align county agreements with the 4% low-income housing tax credit component and clarify named equity investors and notice provisions. The board approved…
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