Michigan Real Estate News

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Petoskey Home Projects Step Toward More Affordable Housing

Northern Homes Community Development Corporation began construction on two homes near downtown Petoskey. The projects received funding from Charlevoix State Bank and the Federal Home Loan Bank of Indianapolis. According to Northern Homes Executive Director Jane Mackenzie, making the homes affordable for local residents is a tricky endeavor. Households earning less than 80% of the area median income with a family of four will be able to purchase the homes. The properties are part of the Northern Homes Community Land Trust program.

 

Washtenaw County Purchases Conservation Property

Washtenaw County’s Parks and Recreation Commission closed on the purchase of  the Maisel property in Northfield Township on December 1. The purchase increases the county’s system of parks and nature preserves by about 220 acres. The $1.44-million conservation purchase will become one of the largest publicly accessible sites in the Ann Arbor area. Ann Arbor’s greenbelt program covered the majority of the purchase price. The land won’t be open to the public immediately, as the park staff determines trail layout and parking access and demands. Kiosks and trail maps also need to be installed. The large size of the park will offer core habitat for wildlife.

 

 

West Bloomfield Township Board of Trustees Denies Controversial Proposal

The West Bloomfield Township Board of Trustees has denied the controversial proposal to rezone a location known as The Corners property from single-family residential status to a planned development district. The property is located at 2075 Walnut Lake Road on the site of the former Walnut Lake Elementary. The school closed in the mid 90s and was transformed into a multipurpose building. The proposal to rezone met with opposition because it includes a baseball diamond, a playfield and mature trees. The proposal would have enabled the property to be redeveloped into a 101-unit townhome community.