housing

Kent County Affordable Housing Fund!

On 2023-08-10 the Kent County Board of Commissioners officially created the Kent Country Affordable Housing loan fund with a balance of $17.5 Million. In collaboration with IFF which will provide a ~230% match of the county's dollars to operational balance of the fund is $58.3 Million.

Mayor's July VLOG Mentions Zoning Reform

UPDATE 2023-09-19: Any proposed zoning reforms are now not expected to be heard until January, 2024. ๐Ÿ™„

The Joint PC/CC Meeting, 2023-07-13

UPDATE 2023-09-19: Any proposed zoning reforms are now not expected to be heard until January, 2024. ๐Ÿ™„

UPDATE 2023-07-26: In comments related to the adoption of two city ordinances related to the unhoused population 2nd Ward Commissioner Knight made positive references to the zoning reforms; specifically to the number of unrelated persons allowed to live at a single address as well as more people being able to build accessory dwelling units.

Planning Agenda: 2023-07-13

UPDATE 2023-11-13: Related to 210 Fairbanks / 628 Coit Ave N - Resolution authorizing conditional approval of tax exemption and payment in lieu of taxes (PILOT) โ€“ Union Suites on Coit II, City Commission agenda, 2023-11-14

Data Point: 2023-01, The ZORI & For-Sale

Time to check the data again.


ZORI (Observed Rents)

A 12 month increase of $157/mo (+9.2%).

Housing NEXT Needs Update

The update of the Housing NEXT needs assessment has been released.

Document @ Housing Needs Assessment | Grand Rapids/Kent County, MI 2022 [PDF, 172 pages]

Data Point: 2022-12-19, The ZORI (Nov 2022)

Starting to see a few headlines like "Rents Slide by Largest Amount in at Least 7 Years"! So is it here? Despite all other indicators - low vacancy, high employment, etc... - is the zenith of rents behind us? Let's check the data.

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