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City backs Lockwood workforce housing pilot, transfers ARPA funds to county housing trust fund
Summary
On unanimous voice votes the Commission approved a PILOT ordinance (2% of gross shelter rents for 40 years) enabling a 59‑unit mixed‑income building at 400 E. 3rd, authorized an interlocal agreement to transfer $1.95M ARPA funds to the county housing trust fund and approved a municipal services agreement to offset public‑safety costs.
The Royal Oak City Commission approved a package of actions June 23 to support the Lockwood (third‑street) workforce housing project, including a payment‑in‑lieu‑of‑taxes (PILOT) ordinance (first reading), an interlocal funding agreement with Oakland County and a municipal services agreement with the developer.
Staff described the Lockwood proposal as a seven‑story building over two levels of parking delivering 59 units to the downtown. Under the financing proposal the developer would designate 31 units as affordable (targeting 60% area median income) and 28 as workforce units (up to 120% AMI) with rent limits tied to MSHDA rules for 20 years on the affordable component. Because rents on income‑restricted units do not…
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