How InnovaHomes Support Low-Income Housing

InnovaHomes are a modular home construction innovation that InnovaLaB has debuted in Kent County that can bring in new construction for far less than the traditional new construction housing prices – $159,000 – $230,000. These prices can help with the “missing middle” housing shortage.  Missing middle, what is that? There is a lot of terminology that is tossed about when talking about housing; “housing affordability,” “low-income housing,” “affordable housing,” “missing middle,” “market rate housing,” the list goes on.  The following are some widely agreed upon definitions for these various labels. Housing Affordability is a calculation used in the industry.  In […]

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Kent County Land Bank Authority is now InnovaLaB

InnovaLaB What’s in a name?  Land banks have operated throughout the State of Michigan for 15 years.  If one happens to know about land banks it is usually from the work being done in Flint and Detroit where the local land bank authority owns tens of thousands of blighted problematic properties.  If one has no idea what a land bank is, they often ask “Are you a bank that holds land?” The fact is the legislation that enables land banks to exist states that “The Land Bank Act addresses a need to strengthen and revitalize the economy of this state […]

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