Some Depot Neighborhood Buildings Delayed with Funding Issues
A portion of the Depot Neighborhood in Traverse City is in jeopardy due to funding issues.
It’s the first of its kind development in the state.
Habitat For Humanity is on schedule to build 10 homes they’ve agreed to, and three will be move-in ready this summer.
Homestretch was denied a $300,000 grant from the Michigan State Housing Development Authority, or MSHDA.
Executive Director William Merry says significant delays in laying infrastructure put them past the deadline for using the money last year. They passed the grant deadline, and had to give the money back.
When Homestretch reapplied, they were denied.
Without it the organization can’t start building the 11 units they’ve promised.
Merry says he hopes to learn more by the end of this week, but adds Homestretch may have to reapply for the grant in July.
Fox 32’s Marisa McKay and photojournalist Jared Baracco take you to the build site to learn what the future holds for this property at Eighth and Woodmere.