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Brownfield authority approves multiple housing work plans and $12.8M developer reimbursement request
Summary
The authority approved Act 381 housing work plans for Bretton Meadows and 280 Ann, assigned a local LBRF grant beneficiary for 1163 Giddings Ave SE, and approved a developer reimbursement request of about $12.78M; staff also presented interim financials and discussed administrative fee caps.
The Grand Rapids Brownfield Redevelopment Authority approved several actions to advance housing development and manage developer reimbursements at its meeting. After staff presentations and developer remarks, the board approved Act 381 work plans for Bretton Meadows (a 168‑unit project) and a first amendment for 280 Ann Street NW (a four‑story mixed‑use addition with 44 units). The authority also approved an assignment and assumption…
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