Interest expressed in rental rehab program 2012.02.08

Written by David Green.

City officials learned Friday that downtown property owners have considerable interest in taking advantage of state funding for the rehabilitation of rental units.

More than 15 people met at city hall with representatives from the Michigan State Housing Development Authority (MSHDA) to hear details about the program.

The MSHDA representatives toured two locations—the proposed apartments above the new Subway restaurant and the adjacent property, and the second floor of the old Main Street depot, now owned by the State Line Gem and Mineral Society.

City administrator clerk Renée Schroeder expects that at least five locations should be eligible for funding, and possibly two others.

Property owners have until Feb. 29 to submit a letter of interest. Construction drawings are also needed, along with  testing for asbestos and lead-based paint.

Each unit is eligible for funding up to $35,000 in the form of a five-year zero percent interest, forgivable loan. The property owner must invest at least 25 percent of the construction cost and agree to rent at least 51 percent of the units to tenants that meet certain income requirements.

When letters of intent are received, the city will total the amount requested and apply for a grant on behalf of the property owners.

  • Front.nok Hok
    GAMES DAY—Finn Molitierno (right) celebrates a goal during a game of Nok Hockey with his sister, Kyla. The two tried out a variety of games Saturday at Stair District Library’s annual International Games Day event. One of the activities featured a sort of scavenger hunt in which participants had to locate facts presented in the Smithsonian Hometown Teams exhibit. The traveling show left Morenci’s library Tuesday, wrapping up a series of programs that began Oct. 2. Additional photos are on page 7.
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    MAPLE leaves show their fall colors in a puddle at Morenci’s Riverside Natural Area. “This was a great year for colors,” said local weather watcher George Isobar. Chilly mornings will give way to seasonable fall temperatures for the next two weeks.
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    MORENCI Marching Band member Brittany Dennis keeps the beat Friday during the half-time show of the Morenci/Pittsford football game. Color guard member Jordan Cordts is at the left. The band performed this season under the direction of Doyle Rodenbeck who served as Morenci’s band director in the 1970s. He’s serving as a substitute during a family leave.
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    MOVING EAST—Utility workers continue their slow progress east along U.S. 20 south of Morenci. New electrical poles are put in place before wiring is moved into place.
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    A PERFORMER named Biligbaatar, a member of the AnDa Union troupe from Inner Mongolia, dances at Stair District Library last week during a visit to the Midwest. The nine-member group blends a variety of traditions from Inner and Outer Mongolia. The music is described as drawing from “all the Mongol tribes that Genghis Khan unified.” The group considers itself music gatherers whose goal is to preserve traditional sounds of Mongolia. Biligbaatar grew up among traditional herders who live in yurts. Additional photos are on the back page of this week’s Observer.
  • Front.bear
    HOLDEN HUTCHISON gives a hug to a black bear cub—the product of a taxidermist’s skills—at the Michigan DNR’s Great Youth Jamboree. The event on Sunday marked the fourth year of the Jamboree. Additional photos are on page 12.

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