{"id":763,"date":"2023-07-21T16:07:58","date_gmt":"2023-07-21T16:07:58","guid":{"rendered":"https:\/\/senatedems.com\/singh\/?p=763"},"modified":"2023-07-21T16:09:04","modified_gmt":"2023-07-21T16:09:04","slug":"housing","status":"publish","type":"post","link":"https:\/\/dev.senatedems.com\/singh\/2023\/07\/21\/housing\/","title":{"rendered":"Sen. Singh\u2019s Transformational Brownfield Bill to Address Housing\u00a0Affordability\u00a0Signed into Law\u00a0"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”3px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

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This legislation will\u00a0<\/span>open up<\/span>\u00a0new opportunities to tackle the state\u2019s housing\u00a0<\/span>affordability crisis\u00a0<\/span><\/span>\u00a0<\/span><\/span>\u00a0<\/span><\/em><\/p>\n<\/div>\n

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LANSING, Mich. (<\/span>July 2<\/span>1<\/span>, 2023) \u2014\u00a0<\/span><\/span>Earlier this week, Gov<\/span>.\u00a0<\/span><\/span><\/span>Gretchen Whitmer<\/span><\/span><\/strong>\u00a0signed into law a package of bills amending the<\/span>\u00a0State Brownfield Redevelopment Fund<\/span>.\u00a0<\/span><\/span>T<\/span>he\u00a0<\/span><\/span>lead bill in the\u00a0<\/span><\/span>package<\/span>\u00a0was\u00a0<\/span><\/span><\/span>Senate Bill 129,<\/span><\/span><\/a>\u00a0which was introduced by Senate Majority Floor Leader\u00a0<\/span><\/span><\/span>Sam Singh<\/span><\/span><\/em><\/strong>\u00a0(D-East Lansing) in March.<\/span>\u00a0The legislation expands access to affordable housing by\u00a0<\/span><\/span>incentivizing the redevelopment of brownfield properties for housing units.<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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Many\u00a0<\/span><\/span>Michigan renters\u00a0<\/span><\/span>are cost-burdened and\u00a0<\/span><\/span>face\u00a0<\/span><\/span>challenges\u00a0<\/span><\/span>finding affordable housing, with over half spending more than<\/span>\u00a0<\/span>30% of their household income\u00a0<\/span><\/span>on housing\u00a0<\/span><\/span>expenses. Due to the\u00a0<\/span><\/span>high cost<\/span>\u00a0of rent, families often\u00a0<\/span><\/span>have to<\/span>\u00a0<\/span>forgo\u00a0<\/span><\/span>food,\u00a0<\/span><\/span>heal<\/span>thcare<\/span>\u00a0or other\u00a0<\/span><\/span>necessities<\/span>\u00a0to avoid\u00a0<\/span><\/span>eviction<\/span>.<\/span>\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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\u201cAffordable housing is a national crisis, and Michigan is no exception,\u201d said Sen.\u00a0<\/strong><\/span><\/span>Singh<\/span><\/span><\/strong>. \u201c<\/span>It\u2019s<\/span>\u00a0critical we\u00a0<\/span><\/span>take action to address<\/span>\u00a0the needs of residents in communities across the state to ensure they have access to stable and affordable housing.<\/span>\u00a0These bills will give our local communities more tools, and incentive to invest in affordable housing projects, signaling the commitment to addressing this crisis head-on.\u201d<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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The\u00a0<\/span><\/span>State<\/span>\u00a0Brownfield\u00a0<\/span><\/span>Red<\/span>evelopment Fund\u00a0<\/span><\/span>provides\u00a0<\/span><\/span>support\u00a0<\/span><\/span>through the use of tax increment financing<\/span>\u00a0<\/span>(TIF)\u00a0<\/span><\/span>to those who re<\/span>vitalize property\u00a0<\/span><\/span>complicat<\/span>ed<\/span>\u00a0by the presence of contamination or bli<\/span>ght<\/span>.<\/span>\u00a0<\/span>Prior to this legislation<\/span>,<\/span>\u00a0<\/span>housing development<\/span>\u00a0projects<\/span>\u00a0<\/span>were<\/span>\u00a0ineligible to\u00a0<\/span><\/span>receive<\/span>\u00a0this incentive, making\u00a0<\/span><\/span>those\u00a0<\/span><\/span>endeavors<\/span>\u00a0less financially\u00a0<\/span><\/span>feas<\/span>ible<\/span>.<\/span>\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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This legislation is a creative, yet practical approach to addressing the issue of housing affordability, enabling housing projects to receive\u00a0<\/span><\/span>financial\u00a0<\/span><\/span>support for redeveloping\u00a0<\/span><\/span>vacant, obsolete<\/span>\u00a0<\/span>land<\/span>.<\/span>\u00a0<\/span>Furthermore<\/span>, the redevelopment of brownfield prope<\/span>rties\u00a0<\/span><\/span>pr<\/span>ovides<\/span>\u00a0<\/span>environmental<\/span>\u00a0<\/span>benefits<\/span>\u00a0<\/span>by slowing urban sprawl<\/span>\u00a0and preve<\/span>nting\u00a0<\/span><\/span>addi<\/span>tional<\/span>\u00a0environmental degradation.<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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Once implemented, Michigan will be the second state in the nation using this innovative approach to\u00a0<\/span><\/span>boost community\u00a0<\/span><\/span>revitalization<\/span>\u00a0and\u00a0<\/span><\/span>expand affordable housing<\/span>.<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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###<\/span><\/span><\/p>\n<\/div>\n

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This legislation will\u00a0open up\u00a0new opportunities to tackle the state\u2019s housing\u00a0affordability crisis\u00a0\u00a0\u00a0 \u00a0 LANSING, Mich. (July 21, 2023) \u2014\u00a0Earlier this week, Gov.\u00a0Gretchen Whitmer\u00a0signed into law a package of bills amending the\u00a0State […]<\/p>\n","protected":false},"author":1,"featured_media":764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"yoast_head":"\nSen. Singh\u2019s Transformational Brownfield Bill to Address Housing\u00a0Affordability\u00a0Signed into Law\u00a0 - Senator Sam Singh<\/title>\n<meta name=\"description\" content=\"Sen. 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