Marquette Township approves a 10-year TIF to support a planned 48-unit housing development.
Marquette Township, August 23, 2025
At a special meeting the Marquette Township Board approved a 10-year Tax Increment Financing plan to support a proposed 48-unit housing development, moving the project closer to construction. The parcel is expected to transfer to a local homebuilder pending closing paperwork, and construction could occur over the next two years if county approval and additional funding align. Officials said the TIF will divert property tax revenue for roughly a decade to make the project viable amid rising construction costs. Supporters cite increased housing supply and affordability benefits; opponents cited concerns about lost tax revenue.
What happened now: At a special Friday afternoon meeting, the Marquette Township Board approved a 10-year Tax Increment Financing (TIF) plan to support the development of 48 new housing units. The board action moves the project closer to construction, which developers say will take place over the next two years.
The development is expected to be transferred to a homebuilder in early September, pending closing paperwork. The new owner is a local homebuilding firm now attached to the project. The township decision means the usual property tax revenues from the site will be diverted for about a decade under the TIF structure. The county must still sign off on the plan before financing is final.
Township leaders weighed the trade-offs and its financial duties before voting to approve the 10-year deal. Board officials described internal disagreements and concern about giving up tax dollars, but ultimately concluded that the TIF, combined with other possible grants and incentives, could make the project viable and help bring new homes to the area.
The company that will take ownership at closing expects to complete the purchase in early September and plans to move forward on construction soon after, assuming additional funding programs fall into place. One funding source still hoped for is state housing agency support; that funding has not yet been confirmed. The TIF approval at the township level does not replace required county review and approval.
The county housing specialist said that using this financing method can help keep building costs lower for both developers and future homeowners. In light of rising regional construction expenses, the specialist called the prospect of adding 48 brand-new units in the county especially significant and said the financing tool, together with other grants and incentives, can make projects more affordable to build.
This project has a history that stretches back several years. A different developer had been in discussions with the township about the sale of a five-acre parcel to build a 48-unit community aimed at workforce housing. That developer originally proposed a much longer, 30-year TIF that would have redirected tax revenues toward the purchase payment instead of to the township for three decades.
Earlier, at a regular Wednesday meeting, the prior proposal was modified down to a 10-year TIF, but that version would have designated only 13 of the 48 homes as workforce housing. That motion failed in a 5-to-2 vote, which halted the earlier proposal and led the board to indicate the land might be placed back on the market. The failed vote reflected concerns about long-term loss of tax revenue and the board’s duty to protect township fiscal assets.
Following the special meeting approval, township officials said a few final agreements still need to be completed in the coming weeks. County-level approval of the TIF is required before the financing is finalized. If county approval and any additional funding align, construction is expected to begin soon and the 48 units could be finished over the next two years.
Under the approved plan, the township will not collect the usual property taxes on the development for roughly 10 years. That is the trade-off for supporting the project now, with the goal of increasing the local housing supply. The project’s supporters argue it will help bring new, relatively affordable homes to the area, while opponents raised concerns about forgoing tax revenue that would otherwise fund local services.
A livestream of the special meeting was made available during the session for those who wanted to watch local proceedings as they happened. Township officials will continue to post updates as agreements are finalized.
The board approved a 10-year Tax Increment Financing plan to support construction of 48 housing units, with final financing still subject to county approval.
The project includes 48 units planned to be built over the next two years, pending final approvals and funding.
Under the approved plan, the township will not collect the usual taxes from the development for about 10 years because those tax increments will be used to support the project.
The township-level TIF was approved, but county approval is still required. The developer is also pursuing additional funding from a state housing program that is not yet confirmed.
Earlier talks included a proposed 30-year TIF and a later 10-year proposal that would have included only a portion of the units as workforce housing. Concerns over long-term loss of tax revenue led the board to reject that prior proposal in a 5-to-2 vote.
| Feature | Detail |
|---|---|
| Units | 48 housing units |
| Financing tool | 10-year Tax Increment Financing (TIF) approved by township; county approval pending |
| Ownership transfer | Planned closing in early September to a local homebuilder |
| Construction timeline | Expected over the next two years, contingent on funding and permits |
| Prior proposals | Earlier 30-year TIF discussed; a previous 10-year TIF proposal failed in a 5-2 vote |
| Local housing perspective | County housing specialist called the addition of 48 units significant and noted financing helps offset high construction costs |
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