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Public hearings set after committee approves Presbyterian Village Oakland Woods brownfield redevelopment plans
Summary
The committee recommended forwarding two linked brownfield redevelopment plans for the Presbyterian Village Oakland Woods expansion — a 4% and a 9% Low‑Income Housing Tax Credit component — and scheduled public hearings for April 10, 2025.
The Economic Development & Infrastructure Committee voted to recommend two linked brownfield redevelopment plans for the Presbyterian Village Oakland Woods expansion in Pontiac and forwarded both plans to the finance committee with public hearings scheduled.
Bradley (project presenter) described the two‑part financing package, explaining that the projects combine 4% and 9% Low‑Income Housing Tax Credit (LIHTC) components to form a “twinning” financing strategy intended to increase financing flexibility for the developer. Bradley said the overall development involves a 27‑acre expansion at Auburn and Updike and described the 4% portion as 32 cottage‑style units targeting 60% area median income, with a $14 million overall investment and $6.4 million in eligible developer reimbursement over a 30‑year payback. The 9% portion would add about 52 units (including cottage and garden‑style units) with studio units aimed at 40–45% AMI and one‑ and two‑bedrooms aimed at 80% AMI; Bradley cited an $18 million investment figure and $8.3 million in reimbursement for that portion.
Nut graf: The committee approved recommending both the 4% and 9% Presbyterian Village Oakland Woods brownfield redevelopment plans to finance committee review and set public hearings under Public Act 381 of 1996; the plans use MSHDA LIHTC programs combined with brownfield incentives to support senior and affordable housing expansion in Pontiac.
Commissioners asked whether procurement and construction responsibilities would follow city and state processes; Bradley said the developer is responsible for permitting and that MSHDA financing would govern state‑level requirements. The committee recorded the motions to recommend forwarding both items; both motions were approved by recorded tallies (each item recorded as seven yes, zero no). Pursuant to Public Act 381 of 1996, the committee set a public hearing for both plans on April 10, 2025, at 6 p.m. in the Oakland County Board of Commissioners Auditorium at 1200 North Telegraph Road in Pontiac.
The committee did not vote on final financial commitments at the meeting; next steps include public hearings and review by the county finance committee.
