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The Missing Middle Housing Program is designed to address the lack of attainable housing and the housing challenges brought about by the COVID-19 pandemic. Missing Middle Grants are intended to help fill funding gaps in construction costs in order to increase housing stock in communities. New homes will increase the supply of housing stock and will be targeted to household incomes between 60% and 120% of the Area Median Income.

The development of the Mechanic Street property is part of a collaboration with the City of Big Rapids, who has significantly invested in this project by providing the infrastructure components, including water, sewer, sidewalks and streets. The construction contract has been awarded to Olds Construction of Reed City and construction financing is being provided by Isabella Bank.

Interested homebuyers must have a gross annual income that falls below the income limits listed below.  Income is verified by using the buyers total income listed on the IRS 1040 of the prior years tax return. There is no limit on the amount of assets the buyer(s) can have. In addition, buyers must be able to obtain a mortgage from the financial institution of their choice.  Down payment assistance is available, based on family need.

Missing Middle Income Limits

1 Person

$63,600

5 Person

$98,160

2 Person

$72,720

6 Person

$105,480

3 Person

$81,840

7 Person

$112,680

4 Person

$90,840

8 Person

$120,000

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