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Ottawa County loan fund shows $30M in construction loans, seeks outside capital and local investors
Summary
Staff told the Ottawa County Housing Commission the revolving loan fund has nearly $30 million in construction loans in the pipeline, is supporting hundreds of affordable units and is pursuing outside and local investors to expand the program.
Chris, a housing commission staff member, told the Ottawa County Housing Commission in July 2025 that the county's revolving loan fund now has a growing pipeline of projects beyond Holland and is starting to include for-sale housing as well as rental developments.
"You can kinda see, you know, in aggregate, nearly $30,000,000 of loans when you look at the construction loan amount," Chris said, and later described a combined "total development cost of nearly a $160,000,000. 554 units, of which 435, are affordable."
The presentation identified projects in Grand Haven, Ferrysburg and Nunica and named Dwelling Place as the developer on a recent Holland project. Chris said some projects in the pipeline are for-sale…
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