Petoskey casino turned affordable housing complex expands with 44 more units
The Victories Square affordable housing complex in Petoskey, Michigan, is expanding by 44 units with $1.5 million in federal funding.Summary
The Victories Square development in Petoskey, Michigan, formerly the site of Victories Casino, is expanding its affordable housing options with a new phase of construction. A $1.5 million boost in federal low-income housing credits will fund the addition of 44 units for households earning between 30–80% of the area’s median income. The project, a partnership between the Odawa Economic Development Management Inc., the Community Housing Network, and Hunt Capital Partners, aims to address the lack of affordable housing in the region. The development already includes 50 workforce housing units completed this fall, with eight set aside for tribal members. The larger Victories Square complex also features a Courtyard by Marriott, Starbucks, and Boston’s Restaurant, representing a diversification of the Little Traverse Bay Bands of Odawa Indians’ economic base beyond gaming.
(Source：Mlive)