Kalamazoo's compact downtown, strong philanthropic ecosystem, and well-funded Brownfield Redevelopment Authority make it one of the more developer-friendly mid-sized cities in Michigan for incentive stacking.
The Stuart Neighborhood and downtown Kalamazoo contain substantial National Register-eligible buildings that support historic tax credit projects. The Kalamazoo BRA has approved brownfield plans for numerous downtown projects involving former industrial parcels. MSHDA consistently funds Kalamazoo County affordable housing through LIHTC, and the MEDC Community Revitalization Program has funded multiple Kalamazoo adaptive reuse projects. The city's NMTC-eligible tracts cover the downtown core and several residential neighborhoods.
Kalamazoo historic rehab developers routinely stack the Michigan 25% HTC + Federal 20% HTC + Brownfield TIF, with CRP gap financing available for projects with a remaining financing gap after credits.
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