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RenCen is far from only project looking for expansion of ‘transformational’ program A Michigan tax incentive program that has been crucial for massive urban infill developments across the state is running out of money. Funding for the Transformational Brownfield Plan program is nearing a $1.8 billion cap and would need legislative action in Lansing to…

More homes are being built in Michigan, but the business isn’t getting any easier Michigan homebuilding remains on an uptick, but a host of issues continues to challenge the landscape. Recent data from the Homebuilders Association of Michigan trade group based in Lansing shows permits for new home construction around the state continue to make…

Whitmer’s budget plan would match employers’ investments in housing for workers Gov. Gretchen Whitmer’s 2025-26 budget proposal includes $25 million for a matching fund that would assist businesses looking to build workforce housing. The Democratic governor pitched her seventh annual budget to lawmakers Wednesday. The $83.5 billion spending plan includes $25 million for the new Employer-Assisted Housing…

Mortgage rates slip for a third week Mortgage rates in the U.S. dropped for a third straight week, easing pressure on homebuyers. The average for 30-year fixed-rate mortgage loans was 6.89%, down from 6.95% last week, Freddie Mac said in a statement. A year ago at this time, it averaged 6.64%. The 15-year rate, popular…