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Local leaders look to solve the housing shortage for full-time residents in the city with new campaign.
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The site of the former Michigan Maple Block company is the proposed site for a 200-unit apartment complex.
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In an effort to address the shortage of affordable housing, city officials sent letters to property owners about the potential investment opportunities that come with adding housing on their property.
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The City of Petoskey has been working with an Indiana-based private equity firm to bring a 200-unit apartment complex to the city.
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Some Michigan communities have been awarded state funds to help build affordable housing. A Pinconning official said they have the ability to grow, but don’t have room.
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The federal government reported that the inflation rate for housing spiked to its highest rate since 1982 from September 2021-22.
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The state of Michigan is offering more than $83 million in grants to 22 communities to bolster their economic revitalization efforts. One of those projects is in Lansing.
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A West Michigan Senator is introducing legislation aimed at promoting housing stability.
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"At a time when so many face ongoing financial hardships, we must deliver on assurances provided to those who are struggling," Nessel said.
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