CADILLAC â Cadillac Castle, a proposed low-income apartment building for seniors that would be constructed on South Mitchell Street, has earned an extension.
The proposed project has three times failed to be awarded tax credits via the Michigan State Housing Development Authority s administration of federal dollars.
But developer Phil Seybert is going to try for a fourth time to earn the credits that would make the project financially work. I refuse to give up on it, Seybert told city council during council s January meeting on Tuesday night. The fourth application is due Feb. 1 and Seybert has reason to hope that the fourth attempt will be the one that finally works, as the state is setting aside 12.5% for rural housing. That should mean Cadillac won t have to compete with Detroit or Grand Rapids.