The current affordable housing development landscape presents many challenges for new and experienced developers alike. Join CEDAM for a webinar series to discuss creative strategies and solutions aimed at tackling some of the barriers to development across Michigan. We’ll cover creating a clear Housing TIF policy in your community, building a strong workforce development pipeline, emerging construction options, and other ways developers can reduce costs through the development process to get your project across the finish line. This webinar series is for both municipal leaders and developers interested in bringing needed housing to their communities.

Join CEDAM for the first session in our Strategies & Solutions webinar series, The Housing TIF Guide: How Communities Can Establish Strong Housing TIF Policies. MSHDA’s Housing Tax Increment Financing (TIF) tool is one of Michigan’s newest resources that can support the construction, rehabilitation, and preservation of housing in your community. This tool is a new asset for communities who did not have access to TIF previously. The tool allows the developer to capture future increases in property tax revenue generated by the development to help pay for costs like infrastructure, site preparation, and more affordable housing units. Developers are increasingly going to the municipality in which they’re working to receive guidance on their housing priorities and the TIF terms in which they’d be willing to provide. Many municipalities, however, have yet to design and publish guidelines that both support their housing goals and balances a healthy budget.

CEDAM has engaged with developers, municipalities, and other partners to help communities understand why the tool is needed to get deals done, outlined considerations for creating their own policies, and provided a step-by-step guide to establishing their own policy. Join us to learn about the guide and how you can utilize it for your own community to support projects that meet the housing goals you are trying to achieve.