housing

Data Point: 2023-08, The ZORI & For-Sale

Time to check the data again.


Rents

ZORI (Observed Rents)

A 12 month increase (July 2022 - 2023), for Grand Rapids, of $91/mo (+6.24%). The observed rent for Grand Rapids in July 2023 was $1460/mo.

Mayor Discusses Housing on City Connection

UPDATE 2023-09-19: Any proposed zoning reforms are now not expected to be heard until January, 2024. ๐Ÿ™„


On the August 23rd (2023) edition of GRTVaccess' "City Connection" the mayor discussed the issue of housing. This part of the conversation begins at the 47 minute mark.

Kent County Affordable Housing Fund!

On 2023-08-10 the Kent County Board of Commissioners officially created the Kent Country Affordable Housing loan fund with a balance of $17.5 Million. In collaboration with IFF which will provide a ~230% match of the county's dollars to operational balance of the fund is $58.3 Million.

Mayor's July VLOG Mentions Zoning Reform

UPDATE 2023-09-19: Any proposed zoning reforms are now not expected to be heard until January, 2024. ๐Ÿ™„

The Joint PC/CC Meeting, 2023-07-13

UPDATE 2023-09-19: Any proposed zoning reforms are now not expected to be heard until January, 2024. ๐Ÿ™„

UPDATE 2023-07-26: In comments related to the adoption of two city ordinances related to the unhoused population 2nd Ward Commissioner Knight made positive references to the zoning reforms; specifically to the number of unrelated persons allowed to live at a single address as well as more people being able to build accessory dwelling units.

Planning Agenda: 2023-07-13

UPDATE 2023-11-13: Related to 210 Fairbanks / 628 Coit Ave N - Resolution authorizing conditional approval of tax exemption and payment in lieu of taxes (PILOT) โ€“ Union Suites on Coit II, City Commission agenda, 2023-11-14

Data Point: 2023-01, The ZORI & For-Sale

Time to check the data again.


ZORI (Observed Rents)

A 12 month increase of $157/mo (+9.2%).

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