$5 million in COVID-19 aid funding to support construction of middle-course houses in Muskegon

MUSKEGON, MI – Muskegon is leveraging $5 million of COVID-19 relief funds to catch the attention of a further $5 million for development of new center-course housing.

Officials feel they can recoup substantially of the city’s revenue, relying on the styles of home owner support they make your mind up to supply, to continue reinvesting in the city.

“It’s an expenditure that will return to us,” Muskegon Town Manager Frank Peterson told town commissioners last thirty day period.

The income is predicted to end result in the development of 40 new households on city-owned vacant plenty and give a raise to the city’s formidable purpose of introducing 240 new housing models in the following couple of many years.

The federal American Rescue Plan funds will be utilized to finance 50% of a builder’s design costs as nicely as for down payment guidance for household purchasers. Builders will be reimbursed their charges at the time the residences are offered, or 45 days soon after their completion if they stay unsold.

The properties will be designed for the metropolis, with 50 percent of them staying bought to men and women earning 125% or a lot less of the area median money. Peterson instructed MLive the households will price tag an typical of $250,000 to build.

“We do not have housing available for folks who are in that middle range, that have a career, that have two incomes,” Peterson stated. “They had been picking for a long time to not are living below.”

$5 million in COVID-19 aid funding to support construction of middle-course houses in Muskegon Read More

HUD Sells Flood-Prone Houses To Often Unsuspecting Buyers : NPR

Homes that were sold by the Department of Housing and Urban Development between January 2017 and August 2020 are in federally designated flood zones at almost 75 times the rate of all homes sold nationwide in that period. New Jersey is one hot spot. Here, flooding from Tropical Storm Henri in Helmetta, N.J., this August.

Tayfun Coskun/Anadolu Agency via Getty Images


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Tayfun Coskun/Anadolu Agency via Getty Images


Homes that were sold by the Department of Housing and Urban Development between January 2017 and August 2020 are in federally designated flood zones at almost 75 times the rate of all homes sold nationwide in that period. New Jersey is one hot spot. Here, flooding from Tropical Storm Henri in Helmetta, N.J., this August.

Tayfun Coskun/Anadolu Agency via Getty Images

The first thing Larry McCanney fell in love with was the tree in the front yard. It cast shade on the porch of a house that, if he were honest, needed some work. But McCanney is handy, the price was right and the location was perfect, just a couple of miles from his childhood home in Burlington, N.J.

“We just kind of wanted to get our family started, and it was affordable for us,” McCanney says. “I’m still paying college loans off 11 years later, [and] we wanted to ensure that we were purchasing a place that, should I lose my job or if [my wife] lost her job, we wouldn’t be out of a house in two

HUD Sells Flood-Prone Houses To Often Unsuspecting Buyers : NPR Read More