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Millions invested to address housing shortage in West Michigan

The Michigan Strategic Fund Board has approved a $10 million loan award to the IFF to administer a Workforce Housing Loan Fund in Allegan, Ottawa, and Kent Counties. The fund aims to address the need for around 50,000 housing units in the area by 2027, following the approach of regional leaders who have approved similar funds. The focus of the fund will be on providing housing for residents with incomes between 60% and 120% of the area median income.

2 years ago•Source: WOODTV.com

Tax Breaks Proposed to Convert Downtown Office Buildings into Housing

economic-development

0.625 min•2 years ago

Tax Breaks Proposed to Convert Downtown Office Buildings into Housing

Boston Mayor Michelle Wu is proposing a property tax break of up to 75% over 29 years for downtown office building owners who convert their properties into apartments or condos, aiming to revitalize the neighborhood hit hard by the pandemic-induced office vacancies. This marks the first time the city has offered financial incentives to encourage office conversions as part of downtown's recovery efforts.

via NBC10 Boston

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Millions invested to address housing shortage in West Michigan

Tax Breaks Proposed to Convert Downtown Office Buildings into Housing

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