The 2020 property tax is expected to fund roughly 1,500 new affordable homes.
A 2020 millage tax passed overwhelmingly by Ann Arbor, Michigan residents is yielding positive results, contributing over $27 million to affordable housing efforts, reports Jaishree Drepaul for Concentrate Media.
According to Drepaul, "The millage also aims to support housing stability, with 20% of millage revenue allotted for resident supportive services." The tax has so far supported 14 housing projects, four renovations, and five supportive service initiatives.
Amanda Carlisle, executive director of the Washtenaw Housing Alliance, says that the affordable housing millage is serving as "a local safety net," helping keep residents out of homelessness. Shannon Morgan, founder of Renovare Development, says the millage deserves more statewide attention "because it demonstrates the potential of a community that’s educated, provides creative opportunities, and builds collaboration between stakeholders."
Read the full story: Ann Arbor millage yields big results in affordable housing development
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