Workforce Housing Headed North

This month, the Michigan Economic Development Corporation (MEDC) announced funding for two workforce housing projects in northern Michigan. The first is in downtown Petoskey, in a building vacant since 2006 (the former Hotel Del Rey, among other businesses) that will be redeveloped into nine apartments. Petoskey was identified by the MEDC as a Redevelopment Ready Community back in 2018, and they will receive up to $878,000 in Revitalization and Placemaking (RAP) funding and are expected to generate a total capital investment of over $2.3 million. Meanwhile, in Cheboygan, a Michigan Main Street Community, another long-vacant building (across from Festival Square) will receive up to $279,000 in RAP funds to rehab the property into a retail space on the main floor and two residential units on the second floor. Learn more about both projects at michiganbusiness.org.

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