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Commerce Township brownfield plan cleared for 284‑unit Springs at 5 development, 100 workforce‑attainable units
Summary
The Finance Committee approved a Brownfield Redevelopment Authority plan for a 12.27‑acre 284‑unit project in Commerce Township that includes 100 workforce‑attainable units capped at 120% AMI for 10 years; $13 million of TIF‑eligible infrastructure costs would be reimbursed from state school‑tax capture over 30 years.
County economic-development staff briefed the Finance Committee on the Springs at 5 brownfield plan in Commerce Township, a proposed 12.27-acre development with three three‑story buildings and 284 units. The developer and the township negotiated a set-aside of 100 workforce‑attainable units capped at 120% area median income (AMI) for a 10‑year period, and staff said the…
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