The City of East Lansing wants to work with the state to help families pay for new housing units in the Viriginia Avenue project in downtown East Lansing. The City will ask the Michigan State Housing Development Authority (MSHDA) for a $205,800 grant to help six families pay for the units.
According to excerpts from the article:
The Virginia Avenue project, also known as the Avondale Square project, calls to demolish the homes on the 600 block of Virginia Avenue and replace them with 30 modernized residential units. The city hopes to have the project completed by February.
“It’s part of our commitment to make sure East Lansing continues to have a diverse population,” Mayor Sam Singh said.
Many of the residences on Virginia Avenue are occupied by students. The developing units are intended for the use of families and other permanent residents.
The average sales price of the six units is about $167,000, but the city is targeting families that can afford a monthly payment on a $130,000 mortgage, said Stephanie Gingerich, an East Lansing community development analyst.
The decision was made during Tuesday’s City Council work session at City Hall, 410 Abbot Road.
Read the entire article here.
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