Grand Rapids has emerged as one of Michigan's most active adaptive reuse markets. The city's historic building inventory along Monroe Center, Fulton Street, and the West Side industrial corridor provides strong qualification pathways for the Michigan 25% historic credit and its federal counterpart.
Grand Rapids developers benefit from a concentrated historic district network, an active Brownfield Redevelopment Authority, and MSHDA's consistent LIHTC allocations to Kent County projects. The Michigan Community Revitalization Program has funded multiple Grand Rapids mixed-use projects. The West Side and Southtown neighborhoods contain brownfield-eligible parcels, while Monroe North and Heritage Hill support historic credit projects. NMTC-eligible tracts exist in the urban core, particularly along Division Avenue South.
A Grand Rapids historic mixed-use rehab stacks the Michigan 25% HTC, Federal 20% HTC, and Michigan Brownfield TIF — delivering 45% of qualified rehab costs in credits before any gap financing is applied.
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