3 days ago
Portage breaks grown on workforce housing development
PORTAGE, Mich. (WOOD) — Ground was broken Thursday on a new workforce housing development in Portage, the only project of its kind in the city.
The $18.7 million Stanwood Crossings development is along Portage Road south of Lakeview Park.
'This housing development is a statement about our values as a city,' Mayor Patricia Randall said in a Friday statement. 'Stanwood Crossings helps ensure that hardworking individuals and families can live and thrive in the community they serve.'
Construction on the first four homes should start this summer. The city says when the development is finished, it will include 42 single-family homes with either two or three bedrooms. They will specifically be for workforce families that make between 80% and 120% of the area median income.
The project is supported by $3 million from the Kalamazoo County Homes for All Grant, $1 million in Congressional Community Project Funding, $1 million from the Portage Capital Improvement Program and $500,000 in American Rescue Plan Act dollars granted by the county. There will also be $100,000 for down payment assistant through Kalamazoo County Homes for All. A Brownfield tax program could allow as much as $3.16 million in reimbursements over the next 25 years.
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