Michigan Business Beat | Doug Fleming Big News Regarding a Tax Credit to Expand Affordable Housing

Chris Holman welcomes Doug Fleming, executive director of the Lansing Housing Commission, Lansing, MI. Welcome Doug, please let the Michigan business community know about the Lansing Housing Commission, your scope, and purpose? We understand you have big news regarding a tax credit to expand affordable housing? The Riverview 220 Project,... please go deeper into that, especially about the businesses that it could attract? So, the Governor and MSHDA announced $13M across the state, what are some of the other communities impacted besides Lansing? This seems like one of several positive stories concerning living space in the capital, what does your commission see for the future? Up to speed: Lansing Housing Commission awarded $1.5M tax credit to expand affordable housing 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 developm