Construction Maison

CHICAGO , Aug. 9, 2017 /PRNewswire-USNewswire/ -- The AFL- CIO Housing Investment Trust (HIT) today celebrated the grand re-opening of the Kenmore Plaza Apartments , which recently completed an extensive $61 million rehabilitation. The 28-story, 324-unit building provides affordable housing exclusively to the elderly. The rehabilitation work included reducing the operating costs of the building by installing durable and easy to maintain materials and energy efficient equipment , improving energy and water efficiency over the long term, as well as upgrading the current residential units , floor hallways, interior ground floor , and building exteriors and the construction of a small addition to the existing structure. The HIT provided $22.9 million of financing through the purchase of Ginnie Mae construction loan certificates and a permanent loan certificate . "The HIT investment is helping preserve a historically significant building that has been a major source of afforda...

ANN ARBOR, MI - Ann Arbor officials are resuming talks of potentially putting a city income tax proposal before voters. The city's staff is scheduled to make a presentation to the City Council at a special work session on Sept. 11. The meeting is dedicated to the topic of city revenue and the idea of implementing a local income tax . Ann Arbor officials have discussed the idea for many years, mostly in the context of finding a way to generate tax revenue from the tens of thousands of people who live outside Ann Arbor and commute here for work, including many University of Michigan employees. UM has a large footprint in the city and does not pay property taxes . The idea of a city income tax reemerged at a city budget retreat last December, where there were talks of updating a 2009 feasibility study and putting a proposal on the November 2018 ballot. State law requires letting city voters decide whether to implement a local income tax . Ann Arbor's city charter also re...