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TIFA hears Brownfield TIF could support housing; apartment project behind Leppinks eyed for spring 2025 start

Tax Increment Finance Authority (TIFA) Regular Board · October 18, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Chris Wren briefed the board on the Newaygo County Brownfield Authority TIF as an option for supporting housing projects and Schneider said an apartment project behind Leppinks is still moving forward with a potential start in spring 2025.

Chris Wren updated the board on the Newaygo County Brownfield Authority TIF as a possible mechanism to support housing projects and described a county/foundation partnership on a housing program. Wren emphasized that Brownfield TIF is an option for supporting housing investments but did not present a specific local project funding commitment.

City Manager Jon Schneider added that the apartment project behind Leppinks "was still moving forward with a potential start date in the spring of 2025." The board did not take formal action on Brownfield TIF at this meeting; the remarks serve as an update on available financing options and a construction timeline for one local project.

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