Board approves brownfield plan for The Springs at 5, includes 100 workforce units
County approved a brownfield plan and 30-year TIF for The Springs At 5 (Commerce Township), a 284-unit development with 100 units reserved as workforce/attainable housing at up to 120% AMI for 10 years; TIF-eligible infrastructure/reimbursement estimated at $13 million and funded from state school tax capture.
The full story
The Finance Committee approved a brownfield plan for The Springs At 5, a proposed 284-unit, three-story residential development located at M-5 and Pontiac Trail in Commerce Township. Economic development staff said the project covers about 12.27 acres; the developer agreed to reserve 100 units at up to 120% area median income for a 10-year period in order to qualify under the 2023 Michigan brownfield amendments that allow attainable housing incentives.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.