Non-profit plans to secure 177 houses to keep home ownership in Grand Rapids affordable
A Grand Rapids non-profit group is hoping to boost the inventory of affordable housing in West and Mid-Michigan.
CEO Ryan VerWys said the price of homes in Grand Rapids is going up “way faster” than people’s income.
He said the median home price has gone up by 64% since 2011, while the median income has risen by only 6%.
With that problem in mind, VerWys joined Stateside to explain how ICCF's purchase of 177 houses would be an opportunity for the area.
“We believe that this is a step for our community to bring ownership for these homes back locally here, and then an opportunity for us to collaborate together,” VerWys said.
Listen above for the full interview.