Lansing, MI (WGHN) – Governor Gretchen Whitmer has announced state support for redevelopment projects in Grand Haven and Calumet, generating more than five-point-nine million dollars in combined investment. Whitmer announced redevelopment projects receiving support from the bipartisan Revitalization and Placemaking (RAP) program and Michigan Community Revitalization Program (MCRP), creating new opportunities for housing and commercial space across the state.
Mixed-use redevelopments will contribute housing and commercial space to the downtown areas of Calumet and Grand Haven, together generating a total capital investment of over $5.9 million in the state while activating vacant properties and increasing community vibrancy.
The project is being supported by a $390,000 performance-based MCRP grant to address significant redevelopment costs associated with the rehabilitation and will result in a total anticipated capital investment of $2,287,144. The developer is pursuing MSHDA Housing Brownfield Tax Increment Financing support totaling $589,800, of which $305,293 is anticipated coming from local tax increment revenues.
“I’m pleased to see MSHDA’s Housing TIF program helping make new housing possible in downtown Grand Haven,” said MSHDA CEO and Executive Director Amy Hovey. “As more communities use this tool, we can bring underused properties back into productive use while creating more housing in the places people want to live.”
Grand Haven city officials say the project will strengthen downtown, support local businesses and create more opportunities for people to live and work in the community.
About Michigan Economic Development Corporation (MEDC)
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