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Genesco outlines modular housing production, urges regulatory and resource changes
Summary
Genesco Development Company presented its Romulus modular manufacturing operation and asked the committee to streamline state review processes and provide more resources to the Bureau of Construction Codes to accelerate affordable housing delivered through modular construction.
Mike Stefanko, vice president of development and general counsel for Genesco Development Company, told the House Regulatory Reform Committee that the company has opened a modular housing manufacturing facility in Romulus and is producing affordable apartments designed to reduce construction time and cost.
Stefanko said Genesco’s development arm owns or controls about 40 properties totaling approximately 5,000 units across the Midwest and described a statewide need for about 75,000 affordable units, citing a statewide assessment from the Michigan State Housing Development Authority (MSHDA). He said the company’s modular factory began operations in late 2023, closed financing…
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