The $12 million Approval for the Kollen Park Drive project in Holland, Michigan, marks a significant step in addressing housing challenges with community collaboration and affordable housing provisions.
$12M Approval Marks Milestone in Holland’s Affordable Housing Efforts
In Holland, Michigan, a notable advancement has been made with the Approval of $12 million in low-income housing tax credits for the Kollen Park Drive project. This initiative addresses housing challenges by supporting the community’s development of affordable housing options. With the credits covering about 90% of the project’s funding, it is set to make a significant impact, according to the WGHN report.
Construction of the Kollen Park Drive project is scheduled to begin early next year, converting the former site of the Community Action House into much-needed housing. Located at 345 West 14th Street, the project will offer 32 one-bedroom and six two-bedroom apartments, meeting various housing needs in the area. This effort demonstrates a proactive approach to tackling housing affordability issues in the region.
Jeremy DeRoo, CEO of Grand Rapids-based nonprofit Dwelling Place, expressed great enthusiasm for the collaborative efforts behind the Kollen Park Drive project. DeRoo stressed the importance of community engagement and partnership in addressing affordable housing challenges. By uniting individuals and organizations passionate about their community, Dwelling Place aims to find innovative solutions to pressing housing issues.
The Kollen Park Drive project offers rental rates starting at $400, making housing more accessible for low-income individuals and families, promoting inclusivity and addressing tight budget challenges.
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Kollen Park Drive Project Receives $12M Approval.
Furthermore, approving $12 million in low-income housing tax credits for the Kollen Park Drive project in Holland, Michigan, is a significant move toward making housing more affordable. This funding, covering most of the project’s costs, shows a commitment to using resources wisely to address housing needs. Construction will begin next year on the former Community Action House site, creating much-needed affordable housing options. Partnerships, like those with Jeremy DeRoo and Dwelling Place, highlight the importance of community collaboration. Offering cheap rent starting at $400 emphasizes inclusivity and economic stability.
Overall, this project represents progress in making housing more accessible and improving the well-being of Holland residents.
