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Commission recommends approval of ordinance limiting transfer of downtown affordable-housing credits tied to public financial support
Summary
The East Lansing Planning Commission voted May 28 to recommend City Council approval of Ordinance 15-46, which would bar the transfer of downtown diversified-housing credits when the project producing those credits received city financial assistance such as tax increment financing or payment-in-lieu-of-taxes.
The East Lansing Planning Commission on May 28 recommended City Council approval of Ordinance 15-46, an amendment to the city’s diversified housing requirement that would restrict transferability of credits generated by certain projects that received public financial assistance. The commission voted in favor of the recommendation; the ordinance will proceed to city council for final consideration.
Planning staff summarized the proposed amendment as a targeted change to the city’s zoning requirement that, in certain downtown locations, 25% of units in multifamily projects must be…
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