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Million-dollar fund backs affordable Holland Zeeland housing
A private $1 million pre development fund formed by the Community Foundation of the Holland Zeeland Area will acquire land and cover early costs to spur large scale mixed income housing in Holland and Zeeland. Ryan Kilpatrick of Housing Next will staff the fund as it partners with municipalities to reduce risk for developers while targeting sites for higher density. The project aims at housing 30 to 50 percent area median income with units likely above 50 total, and seeks social as well as financial returns.
MENTIONED IN THIS ARTICLE
Holland
Holland and Zeeland
Holland/Zeeland
Community Foundation
Holland/ Zeeland
Housing Next
Ryan Kilpatrick
Mike Goorhouse
The
Goorhouse
Ottawa County
Bowen National Research
Holland and
Zeeland
Sentinel