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1/30/2025

  • jesse4430
  • Jan 30, 2025
  • 1 min read

WATERSMEET - Michigan Governor Gretchen Whitmer announced new investments for 15 new construction and rehabilitation rental housing projects in 10 communities to build 708 affordable rental homes across the state.  Watersmeet was awarded $1,493,227.  When finished the Watersmeet development will have 13 one-bedroom units, 20 two-bedroom units and 11 three-bedroom units for households at or below 60% of AMI. Twenty-two units will be covered by a Housing Assistance Payments contract from the Lac Vieux Desert Band. Whitmer says this project will create four permanent jobs and 228 temporary jobs.  The project is sponsored by the Lac Vieux Desert Band of Lake Superior Chippewa Indians and RTHawk Housing Alliance. This development has 9% tax credits and a permanent loan from the Lac Vieux Desert Band. It has a total development cost of $13,439,857.

 
 
 

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