Paves way for 1st downtown mixed-use family units
LANSING, MI – More affordable housing units are planned for downtown thanks to tax credits that support a $22.5 million project spearheaded by the Lansing Housing Commission (LHC).
The tax credits are earmarked for LHC’s $22.5 million Riverview 220 project. The property is situated on the south side of East Kalamazoo Street between South Grand Avenue and Cherry Street.
“Everyone deserves safe, clean, and affordable housing,” said Doug Fleming, LHC executive director. “We have invested to expand and improve affordable housing options throughout the region. These tax credits will continue our mission as the leader in affordable housing throughout the capital region.”
The project, downtown Lansing’s first mixed-used housing building with affordable units, market-rate units, and commercial/retail space, will feature:
- 56 affordable units
- 7 market-rate units
- 2- and 3-bedroom units to meet the needs of larger families
- Retail and commercial space
The $1.5 million tax credit is part of $13 million in federal Low-Income Housing Tax Credits recently announced by Governor Whitmer and the Michigan State Housing Development Authority (MSHDA). The funds will support the development or rehabilitation of 500 future homes across 10 affordable housing projects throughout Michigan.
“Located in the heart of downtown Lansing, Riverview 220 will provide easy access to public transportation, local resources, and the best of city living. Most important, it expands affordable housing options and makes Lansing a more welcoming city,” said Fleming.
Construction on Riverview 220 is expected to begin in the second quarter of 2024 after completion of MSHDA closing requirements with leasing in early 2026.
For more information, visit www.lanshc.org.
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The Lansing Housing Commission (LHC) is a public housing agency with a mission to compassionately deliver healthy, affordable, safe, quality housing options without discrimination with exceptional customer service while meeting high-performance standards. LHC provides rental housing units and rental assistance through 830 units throughout the city and more than 1,600 housing choice vouchers in Lansing and surrounding communities.
