In an upcoming meeting, Traverse City commissioners will address several significant projects and policies. The agenda includes a workforce housing initiative near downtown, the implementation of voter-approved charter amendments related to tax increment financing (TIF), extending a pilot project for two-way streets in the city center, and issuing bonds for sewer system improvements. These actions aim to enhance urban development while ensuring public participation and financial sustainability.
Affordable Housing Initiative Gains Momentum
The Traverse City Housing Commission (TCHC) is set to unveil plans for a new workforce housing complex named "Cityview Apartments." This project aims to provide 40-50 income-restricted apartments in the heart of the city. Collaborating with various entities, including the Grand Traverse County Land Bank Authority and private property owners, TCHC seeks to assemble multiple parcels necessary for construction. Approval from at least five commissioners is required to proceed with property acquisitions.
Cityview Apartments represents a strategic effort to address the growing need for affordable housing. Environmental assessments and securing funding are among the next steps. Potential financial support may come from state housing authorities, brownfield redevelopment funds, and innovative programs like the employer-assisted housing initiative launched by Governor Gretchen Whitmer. Prior to breaking ground, necessary environmental remediation and infrastructure adjustments, such as relocating power lines, must be completed. This comprehensive approach underscores the city's commitment to sustainable urban growth and community well-being.
New Policies and Extensions Shape Urban Planning
Commissioners will also consider adopting a new policy to implement voter-approved charter amendments concerning TIF plans. This policy ensures transparency and consistency in handling TIF-related proposals by requiring public votes on their creation, modification, or extension. The proposed framework mirrors previous guidelines for high-rise building approvals, standardizing ballot language and submission processes. Applicants can propose TIF plans multiple times without restriction, but they must cover additional costs if a special election is called.
Furthermore, the commission will vote on extending a pilot project that converts several downtown streets to two-way traffic for another two years. This extension allows for further experimentation with traffic signal modifications, crosswalk enhancements, and delivery configurations. While some adjustments may be explored, no changes will be made to Front Street unless separately approved. Lastly, commissioners will review a resolution to issue up to $42 million in sewer system revenue bonds. This increase addresses higher-than-expected construction costs and ensures adequate funding for essential wastewater treatment upgrades. The bond issuance process will include a public referendum period, ensuring community input before final approval.
