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Board approves brownfield plan to support 240-unit workforce housing in East Bay Township
Summary
The Grand Traverse County Board approved a brownfield plan and tax-increment financing proposal to enable a nearly $49 million investment in a 240-unit workforce housing development, with developers seeking about $18 million in TIF reimbursement and a mix of units targeted at 65–120% area median income.
The Grand Traverse County Board of Commissioners voted to approve a brownfield plan that will support the construction of 240 multifamily workforce-housing units in East Bay Township.
Anne Jamieson, representing the county Brownfield Redevelopment Authority, introduced the project and the plan on behalf of Crimson (developer). Developer representatives said the project includes 10 buildings and shared amenities and connects to the county's TART trail. The development team said the total capital investment is expected to be about $49 million and that the developer will seek roughly $18 million in TIF reimbursement under the brownfield plan.
Logan Mulholland (developer consultant) and Steve Calverley (Crimson CEO) described the affordability mix: about 50 units will be set near 120% of area median income (AMI), while…
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