GRAND RAPIDS, Mich. - The city of Grand Rapids has partnered with Grand Valley State University to bring more affordable housing to the area.
GVSU's Board of Trustees authorized the university to lease property on its health campus in Grand Rapids to a developer who plans to build affordable housing near the Belknap Lookout neighborhood.
The university will lease 0.85 acres to Three CPK for the affordable housing development project. The housing will be built on the south side of Trowbridge Street NE, between Lafayette Avenue NE and Prospect Avenue NE.
The project will have a mix of 70 percent affordable housing and 30 percent market rate. Three CPK will submit an application for low-income housing tax credits, and if successful, the project could be completed as early as fall 2019.
GVSU will not use tuition revenue or any of its funds for the construction of this project.
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