05/20/2026
7 new units are on the way to downtown Ishpeming thanks to approval of a tax increment finance plan by the county Brownfield Authority, City Council, and County Commssion.
The plan will allow the local developer to be reimbursed for up to $407,000 in eligible expenses for this $1.8M project, changing the formula in a way that makes the project feasible. The local developer is part of our emerging developer network and we are thrilled to see them continuing to invest in Marquette County. TIF is a reimbursement program, meaning there is no upfront payment and only true costs are reimbursed as taxable value increases.
All seven units will be limited to households making no more than 120% of the area median income thanks to funding from the Michigan State Housing Development Authority’s MI Neighborhood Program. That means more housing for teachers, public safety progressionals, healthcare workers, and other essential members of our community.
https://www.uppermichiganssource.com/2026/05/20/marquette-county-board-approves-ishpeming-brownfield-apartments/ #
The old downtown Rollie's furniture store in Ishpeming will become new apartments for the community.