Let’s Talk Solutions: Real Problems In Race Inequality In Grand Rapids Real Estate

Mortgages aren’t handed out by Lending Vending Machines that do not discriminate. No, it’s paperwork filled out by a person…using standards, an index and credit scores…very concrete things But humans aren’t perfect. 70% of credit scores have mistakes in the report. Review: Redlining is the human mortgage lender doing shifty things with applications of minority groups. Getting…

Let’s Talk Specifics: Real Problems With Race Inequality In Grand Rapids Real Estate

Redlining…that old fashioned sounding thing that is still happening…hopefully due to the lag of new ideas replacing old habits…It’s not OVERT racism: saying out loud that one person is better than another because of the color of their skin. It’s COVERT racism: you say out loud that everyone matters, but behind the scenes you do things to…

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…

What the MSHDA Is Doing for Real Estate Projects in West Michigan

We can say the housing market looks great but until the people who need houses have houses it’s not a great market for the market, the people. The method of calculation for a market-rate house is unclear. It appears clear to a family when affordable isn’t. The demand for affordable housing remains high all over Michigan, says the MSHDA. Michigan…

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…

The LIHTC Will Bring Balance to the Force in Real Estate for Grand Rapids, MI

In real estate there’s a tension between two categories of homes:  Market-Rate and Affordable Housing. It’s almost another way to say The-Haves and The-Have-Nots…or more accurately the Haves and the Hardly-Haves. Yoda’s job was the train the one that would save the world from a great imbalance.  The federal government here acts as Yoda, training…