Posted by: Southsider2k12 Sep 14 2021, 04:05 PM
https://www.nwitimes.com/news/local/michigan-city-focusing-on-affordable-housing-options/article_b3e3d925-f583-527f-9e77-a56109e0fb8e.html
QUOTE
Lack of housing is among the top issues facing the city in the six to 18 months, according to Economic Development Corp. Michigan City Executive Director Clarence Hulse.
Hulse gave the City Council a six-month update Thursday on his agency’s economic development progress.
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The city has four multi-family mixed-use projects in the pipeline for the city’s downtown, a total of more than 500 units. The estimated cost is $300 million for the projects, which will bring a projected 175 permanent jobs, Hulse told the council.
In addition, a residential land inventory is underway to see where the city owns land appropriate for residential use that could be developed.
The Economic Development Corp. is recruiting developers to build housing, including workforce housing, in the city. Hulse wants to market those properties to prospective investors for single-family homes, duplexes and townhomes.
Vibrant Communities of LaPorte County recently released a housing study that shows 42% of the county’s homes were built before 1960, compared to the state average of 33%.
Michigan City houses 46% of the county’s renters. Just over half of the city’s residents own their own homes, according to the study.