2 Reasons Why Grand Rapids, MI, Needs the LIHTC for Affordable Housing

Wealth isn’t distributed based on how hard you work, not even in the glorious Grand Rapids. If it were a hard-working lower-class citizen would make the same as the hard-working upper-class. And it would be the working-class and the lazy-class. Laissez-Faire Is Not Lazy-Free: It’s Free Market Laizzez-Faire is said today by businessmen wanting government subsidies…

Driving Demand for Home Building in Grand Rapids, Michigan

Those surviving on low-income are driving the demand for home building in Grand Rapids, but indirectly. The MSHDA, Michigan State Housing Development Authority, comes in to give the businesses looking to expand a push in the right direction. Through a LIHTC, Low-Income Housing Tax Credit towards the property tax a business can make serving the…

What the 20 East Fulton Project Will Do for Families in Grand Rapids, MI

Brookstone Capital, a Midland-based LLC, is building a new multi-use space on Fulton, right across from the Children’s Museum.   Mr. Karl Chew, president of Brookstone, is no one to scoff at around town if you are looking for a rental.Since 2006 Brookstone has built 300 rental units in Grand Rapids. This project at $37million is…

Tax Credits Helping or Hurting Grand Rapids, MI, Real Estate?

Incentives Are The Lynch Pin of Capitalism. In a growing area like Grand Rapids, builders want to build because people from elsewhere want to move there – for college, for jobs, to raise their family. Also growing because people who are already living there are having children – who want to go to college, find…