Project Name: Harbor Shores
Benton Harbor
, MI 49022
Project Details
New Markets Tax Credits
2007 - Year of Investment
Affordable Units:
Commercial Spaces: 250 Acres
250 Acres Total Sq.Ft.
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Features
Description
This was the redevelopment of over 250 acres of land in Benton Harbor and St. Joseph as part of a total 500 acre land development. PNC Investments (Formerly National City Bank) provided the equity leveraged by a loan from the Whirlpool Corporation. This project utilized a combination of New Market Tax Credits and Brownfield redevelopment incentives to redevelop the formerly blighted and vacant land. The developer was the nonprofit Harbor Shores Development Corporation.