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County approves two Presbyterian Village brownfield plans to expand affordable housing in Pontiac
Summary
The finance committee approved two linked brownfield redevelopment plans—one 4% and one 9% Low‑Income Housing Tax Credit (LIHTC) project—to expand Presbyterian Villages' affordable units in Pontiac; presenters described unit counts, AMI targeting and a 30‑year reimbursement schedule for developer missing income.
Brownfield counsel and county staff presented two related redevelopment plans for Presbyterian Village Oakland Woods in Pontiac: a 4% LIHTC project to expand cottage‑style units and a 9% LIHTC project for garden‑style apartments.
Presenters said the 4% project sits on 27 acres with 32 cottage‑style…
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