Michigan broadened an increment financing program for blighted sites in 2023, which proponents say could be a boon for affordable housing

The state has OK’d 14 projects financed through this avenue, with dozens more making their way through local government channels

Most of the already approved builds are in the northern or western parts of the state, though interest is growing in Metro Detroit

LANSING — A new Michigan law that incentivizes developers to build affordable housing in exchange for property tax rebates is spurring growth, according to state officials.

Local governments have so far approved 14 projects expected to create 999 housing units, including 586 that will be set aside for residents earning 120% or less of their area median income.

The cost? Roughly $84 million in p

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