Boyne City Commission Meeting Agenda Packet January 2026
MSHDA TIF Incentive Sought for Flats on Court Project
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Description
The Flats on Court project developer is seeking up to $10 million in Brownfield Tax Increment Financing incentives from MSHDA over 23 years to support workforce housing in Boyne City.
Contract Details
Contract Amount
Up to $10,000,000 (Brownfield TIF Capture for Developer over 23 years)
Vendor
MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA)
Agency
City of Boyne, MI
Contract Type
FINANCIAL_SERVICES
Document Date
January 27, 2026
Contract Term
23 years (estimated 2027–2050)
Renewal Date
2050-12-31
Renewal Info
TIF incentive projected for 23 years beginning with property stabilization (estimated 2027–2050). Subject to annual compliance and governmental oversight for the full term.
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