Grand Haven, MI (WGHN) – The Grand Haven City Council voted 3-2 Monday to approve a tax incentive plan for the South Village housing development on the former Dake property.
The $44.8 million project includes 118 housing units — 94 for-sale townhomes and 24 rental units restricted at 120% of the area median income for 10 years.
The plan allows developer IMD Capital to receive up to $10.8 million over 16 years to help cover environmental cleanup and site preparation costs.
Some council members raised concerns that the project’s attainable housing component increased from 80% to 120% of area median income after plans were revised.
Councilmember Sarah Kallio:
Erin Lyon also voted against the plan, citing affordability concerns and the length of the reimbursement period. Supporters said the incentives are needed to clean up and redevelop the blighted property, and that the project would likely not move forward without them.
Mayor Bob Monetza and Councilmembers Mike Fritz and Mike Dora voted in favor, approving the plan by a 3-2 vote.
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