When completed, the Honor Village Apartments project will be the first new multi-family housing unit in downtown Honor. The affordable and viable apartment units will be targeted to residents with incomes below 80% of the area median income.
The project includes a number of sustainable elements and will bring needed housing as well as increased density and new life to a long-vacant property in downtown Honor. The project is expected to generate a total capital investment of $1.6 million, supported by a $459,434 MCRP performance-based grant.
The village of Honor is supporting the project with the below-market sale of a lot to be used for onsite parking as well as a 15-year Payment In Lieu of Taxes exemption valued at $76,000. Honor is engaged with MEDC’s RRC program. This is the first community revitalization project MEDC has ever done in the Village of Honor.
A stone’s throw from the pristine Platte River, and gateway the Sleeping Bear Dunes National Lakeshore, the village of Honor was named Michigan’s top outdoor town by Sports Afield Magazine in 1999. Today, it is enjoying a revitalization that is happening throughout the Northern Michigan area.
In the past few years, new businesses have opened, some have relocated, old buildings have been removed, a new park with access to the Platte River is being created by the Honor Area Restoration Project or H.A.R.P., the National Coho Festival is being revived, new housing is in the works and more.
Honor is known as the “Coho Capitol,” where Coho Salmon were first introduced in 1966 into the river, and each year they return to spawn at the Platte River State Fish Hatchery, just outside the village limits. The National Coho Salmon Festival is held each August to celebrate the regions natural beauty and resources.