Grand Rapids' Herkimer Hotel renovation, new Commerce Ave. buildings bring $29M affordable housing
Thursday, March 21, 2013
Renovation of Grand Rapids' historic Herkimer Hotel building on S. Division Avenue and construction of two adjacent buildings on Commerce Avenue SW will bring 122 new affordable apartments, retail live/work residences, and office space to the city's south side.
Herkimer Apartments is featured in this article from the Grand Rapids Business Journal!
Herkimer Renovation is a Special Project
Construction job puts some of the city’s neediest residents to work.
(As seen on WZZM TV 13) Dwelling Place of Grand Rapids is investing $29 million into expanding and renovating the Herkimer Apartments at 323 S. Division Ave.
GRAND RAPIDS — If you look past the gleaming facades and sparkling new windows of just about every major housing project launched in downtown Grand Rapids over the past five years, you will find Low Income Housing Tax Credits (LIHTC) at their foundations.
But observers say Grand Rapids probably can’t — and shouldn’t — rely exclusively on the federal program for continued growth of housing alternatives in its core city.