City of Ionia Brownfield Redevelopment Authority Minutes May 2026
BRA backs TIF plan for Allen Edwin Homes project
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Description
The City of Ionia Brownfield Redevelopment Authority voted to approve and recommend the Allen Edwin Homes Austin Pines West Brownfield Plan to City Council. The plan seeks Act 381 tax increment financing, including housing TIF subsidy and interest reimbursement, over a 21-year capture period to support a 96-unit residential development.
Contract Details
Vendor
ALLEN EDWIN HOMES
Agency
City of Ionia, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
21 years of tax increment financing capture
Renewal Info
Act 381 Brownfield Plan with a 21-year TIF reimbursement period; no specific renewal provisions discussed.
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