How can we work together to find solutions to the lack of middle-income housing?
The nation’s leaders who are involved in housing are hard at work to find solutions to the lack of middle-income housing. There are issues to overcome on all sides–from exclusionary zoning regulations and conservative lending practices to the high cost of develop-able land and sites. Additionally, objections to other than owner-occupied housing, contaminated development sites, lack of developer interest, high construction costs, and lack of available construction labor make for complex situations where creative and innovative solutions are imperative.
Connecting Public and Private.
CIB Planning has been very actively involved with projects that encourage the collaboration of the private and public sectors to work together to construct affordable and “missing middle” housing.
- We were the first team in Michigan to help communities utilize project-specific tax increment funding to eliminate the financing “gap” for redevelopment projects, including mixed-use spaces with a housing component. This financing tool can also be used to help provide needed infrastructure for new housing development where none currently exists, and in turn, attract quality developers.
- In support of our belief that successful housing development is better facilitated through public-private partnerships, CIB not only works with municipalities but also private developers to bring projects to fruition. Some of the companies we have worked for include: Tollbrook Homes, Pulte Homes, Beztak Companies, Cambridge Homes, and Biltmore Homes.
- CIB recently completed multi-year Region 6 Housing Development and Implementation Strategies program. Phase one focused on current challenges and barriers to new housing construction, with resulting strategies to overcome the challenges builders face, including the high cost of construction. Phase two focused on implementation steps that can be followed by communities of different sizes to encourage and support new housing development.
- We are currently leading development implementation with the City of Farmington for an abandoned and contaminated former school building in the downtown area. Previous attempts to re-develop the property over the past six years have failed and the CIB Team was retained to evaluate housing development alternatives, establish local financial incentives, and solicit developers.
- CIB was part of the team that was the first to integrate a CEDS and Regional Prosperity Plan into one program, which resulted in the successful Accelerate Plan for the I-96 Thumb Region. Housing was identified as one of the priorities in the plan and implementation efforts continue to focus on the need for more housing options across the region.
Unlock Market-Driven Financing Opportunities
By understanding how to unlock market-driven opportunities for communities to leverage their assets with tax increment financing, CIB brings both sides to the table to "close the gap" in order to get projects built.
Our team has employed dozens of approaches for managing public engagements that are tailored to the size and composition of the community groups. A core value is that each approach is transparent, elicits valuable input, identifies impediments, and builds consensus among all parties.
Leadership and Representation
With over 75 years of combined experience, we have built our reputation on forward-thinking planning and a results-driven approach by working cooperatively with different organizations and units of local government.