Michigan Community Capital

MCC has invested $10 million in allocation to support the Bean Tower project in Battle Creek – a 25,000-square-foot mixed-use development bringing affordable housing and new commercial amenities to downtown.

Project Highlights:
➡️ MCC is providing $10 million in federal NMTC allocation
➡️ 10,000 sqft of vacant space into 25,000 sqft of occupied space
➡️ 10 new affordable residential units, all at or below 80% of AMI
➡️ New commercial space including a fine dining restaurant and entertainment game room
➡️ New rooftop event venue
➡️ Approximately 17 FTE jobs requiring less than a 4-year degree
➡️ In a severely distressed census tract with a 37.3% poverty rate

Learn more here: https://michigancommunitycapital.org/michigan-community-capital-invests-in-bean-tower-project-to-revitalize-long-vacant-building-in-battle-creek/

Project partners include: Jackson Bean Management, LLC; Battle Creek Unlimited; Dudley Ventures; United Federal Credit Union; Battle Creek Brownfield Redevelopment Authority at the City of Battle Creek, MI Government; Michigan Economic Development Corporation.

Michigan Community Capital Invests in Bean Tower Project to Revitalize Long-Vacant Building in Battle Creek - Michigan Community Capital $10 million in New Markets Tax Credits will support a 25,000-square-foot mixed-use development bringing affordable housing and new commercial amenities to downtown Battle Creek. FOR IMMEDIATE RELEASEJune 24, 2026 LANSING, Mich. – Michigan Community Capital (MCC) is proud to invest in the revitaliz...

Thank you Ken Borton - State Representative for celebrating with us at the grand opening of Sawmill Lofts yesterday! And thank you for supporting the public programs that make projects like Sawmill Lofts a reality. Cheers!