{"id":15433,"date":"2023-06-29T20:44:43","date_gmt":"2023-06-29T20:44:43","guid":{"rendered":"https:\/\/realtorparty.realtor\/?p=15433"},"modified":"2023-07-07T16:31:42","modified_gmt":"2023-07-07T16:31:42","slug":"santa-fe-realtors-promote-diverse-housing-options-in-housing-strapped-region-2-3-2-2-3-2-2-2-2-2-2-2-3-3-2-3-2-2-2-2-2-2-4-2-4-2-2-3-2-4-2-2-3-2-2-2-2-3-3-2-2-3-2-2-2-3-2-3-2-2-2-2-3-3-2","status":"publish","type":"post","link":"https:\/\/realtorparty.realtor\/homepage\/success-story\/mbr-sg0723","title":{"rendered":"Midland Board of REALTORS\u00ae Supports Economic Productivity Analysis with REALTOR\u00ae Party Smart Growth Grant"},"content":{"rendered":"

\"\"<\/a>Midland, Michigan is a small city with big potential.\u00a0 Located in the bend between the fingers and thumb of the Michigan \u2018mitt,\u2019 it boasts a strong industrial presence, and is home to several Fortune 500 companies.\u00a0 It is poised for growth but needs more affordable housing; another challenge is the downtown convergence of three rivers that is prone to occasional flooding.\u00a0 As the city was working on its Comprehensive Master Plan last year, it commissioned an in-depth economic analysis to reveal the financial impact of existing and potential development patterns with a view toward future growth. \u00a0The Midland Board of REALTORS\u00ae<\/sup> secured a Smart Growth Grant<\/a> from the REALTOR\u00ae<\/sup> Party to support the project.<\/p>\n

The firm that conducted the study was Urban3, noted for its innovative three-dimensional value-per-acre graphic modeling that uses information gathered from property tax data to project various development scenarios and the potential tax income that each one could realize.<\/p>\n

Jennifer Yarch, Association Executive of Midland Board of REALTORS\u00ae<\/sup>, says supporting the study was a natural fit for an organization whose priorities are housing and property rights.\u00a0 \u201cIf the city does develop the most productive way it can, according to the Urban3 analysis, the result should be more housing, especially affordable housing, and an increase in the value of existing homes.\u00a0 That\u2019s something all REALTORS\u00ae <\/sup>can get behind.\u201d<\/p>\n

The Urban3 study first spelled out the local financing methods to show how the city pays for municipal services and infrastructure, which is directly tied to its future growth potential.\u00a0 It then produced a graphic analysis of value-per-acre, demonstrating where the most productive growth could occur.\u00a0 Yarch notes that one eye-opening revelation was that the city\u2019s high-value downtown districts now have a disproportionately large amount of surface parking.\u00a0 \u201cWe could maintain the same number of parking spaces but reduce the footprint dramatically by building multi-story parking garages, freeing up a lot of land for mixed-use development that would not only create housing and commercial opportunity, but also generate more tax income.\u00a0 It was exciting to see this concept mapped out so clearly!\u201d<\/p>\n

The study was presented to the City Council and Planning Commission during a joint meeting in July 2022, which many Midland Board of REALTORS\u00ae<\/sup> members attended or viewed online.\u00a0 \u201cOur members are proud to have supported this project that will affect what happens here in the future, and they\u2019re excited to see some of the recommendations come to life,\u201d says Yarch.\u00a0 \u201cThe study was beneficial to us, as the voice of real estate, and to the City of Midland.\u00a0 It helped us to show the city our values, and vice-versa, and our relationship has been strengthened in the process.\u201d<\/p>\n

Ryan Smith, Midland\u2019s Community Development Planner, agrees that the grant from the REALTORS\u00ae<\/sup> was money well spent.\u00a0 \u201cThe project was well received by community leaders and stimulated productive conversations surrounding the economics of land use in the City and surrounding townships,\u201d he says, noting that information from the Urban3 study has significantly informed Midland\u2019s new Comprehensive Plan.<\/p>\n

To learn more about how the local REALTORS\u00ae<\/sup> are helping Midland, Michigan to achieve its full potential by applying in-depth economic analysis to its planning process, contact Jennifer Yarch, Association Executive of the Midland Board of REALTORS\u00ae<\/sup>, at jennifer@midland-realtors.com<\/a> or 989.631.6350.<\/p>\n","protected":false},"excerpt":{"rendered":"As the City of Midland, Michigan prepared its Comprehensive Plan, it commissioned an economic productivity analysis from Urban3, an innovative land-use consulting firm. The results gave them a clear road map for the kind of development that will bring the most value \u2013 including much-needed housing and tax revenue. A Smart Growth Grant from the REALTOR\u00ae Party supported the study.","protected":false},"author":3,"featured_media":15480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,33,296],"tags":[1456,344],"class_list":["post-15433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-about-us","category-success-stories","category-success-story","tag-new-mexico","tag-smart-growth"],"acf":[],"_links":{"self":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts\/15433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/comments?post=15433"}],"version-history":[{"count":0,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts\/15433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/media\/15480"}],"wp:attachment":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/media?parent=15433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/categories?post=15433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/tags?post=15433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}