MBDP and MCRP Loan Portfolio
Loan Portfolio
The following projects have loans associated with them. In addition, some may also include a grant or other economic development vehicle to account for the complete Projected Award Amount
The Report was last updated on Apr 29, 2024.
Grand Rapids Downtown Market Holdings LLC - Performance Based Loan
Program: | Community Revitalization |
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Approval Date: | Feb 27, 2013 |
Location: | Grand Rapids |
Project Investment: | Up to $30.17 million |
Projected Jobs: | 295 |
Projected Award Amount: | Up to $3.00 million |
Loan Amount: | Up to $0 |
Loan Interest Rate: | 0% |
Loan Payments: | Current |
Project Description: |
Urban Group Development Company - Performance Based Loan
Program: | Community Revitalization |
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Approval Date: | Nov 28, 2012 |
Location: | Ann Arbor |
Project Investment: | Up to $37.05 million |
Projected Jobs: | 6 |
Projected Award Amount: | Up to $3.00 million |
Loan Amount: | Up to $3.00 million |
Loan Interest Rate: | 0% |
Loan Payments: | Current |
Project Description: | Redevelopment of a contaminated property into a residential building that will be specifically targeted to young professionals. |