Housing tax exemption for BHC project
City of BeldingMichigan- Detected
- Aug 4, 2026
- 95 days ago
- Sector
- Grants
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From the meeting
On August 4, 2026 the council adopted Tax Exemption Ordinance No. 575 for the BHC Courts and Havens Preservation Project. The ordinance says the sponsor will acquire, rehabilitate, own, and operate the housing project at multiple Taft Court, Kenwood Avenue, and Woodhaven addresses, subject to Michigan State Housing Development Authority financing.
It also sets a service charge in lieu of taxes equal to 10% of collected contract rents. This is a concrete private development and financing signal tied to low-income housing.
- Meeting date
- August 4, 2026
- Agency
- City of Belding
Questions about this project
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When will City of Belding issue an RFP for this project?
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