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Authority approves 26‑unit 443 Sheldon SE work plan, staff to follow up on income‑qualification details
Summary
The Brownfield Redevelopment Authority approved a work plan and authorization for execution of a development and reimbursement agreement for a proposed 26‑unit multifamily infill at 443 Sheldon SE. The developer will pursue MSHDA grant review; board members asked staff to confirm property management and income‑qualification approaches.
The Grand Rapids Brownfield Redevelopment Authority approved a work plan for a 26‑unit multifamily infill project at 443 Sheldon SE and authorized staff to execute the development and reimbursement agreement necessary for the housing TIF application process.
Staff told the authority the project’s total development cost is approximately $5.4 million, with construction…
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