Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Resident raises tax-increment financing and MSHDA concerns about Brookwood build-to-rent model
Summary
A resident told the commission that a local build-to-rent developer told the city it does not build MSHDA-subsidized housing; the resident disputed that and asked whether the city would allow MSHDA tax-increment financing that could shift property tax revenue away from Lapeer residents.
During public comment on Jan. 8, Lapeer resident Wesley Weber raised concerns about a proposed Brookwood/Build-to-Rent project and how the developer might use MSHDA (Michigan State Housing Development Authority) tax-increment financing. Weber said a developer representative previously told the commission the company 'does not have any MSHDA subsidized housing and ... do not build low income housing,' but Weber said the developer "does in fact build…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
