Historic housing crisis in Muskegon requires 3000 new units in 5 years

MUSKEGON, MI – Muskegon is in a “historic” housing crisis with nearly 3,000 additional housing units across all prices needed to meet demand over the next five years. That shortage is the main takeaway of a comprehensive housing study prepared for the city. Other issues raised by the study is increasing rent prices that are driving out lower-income residents in a phenomenon known as gentrification, an increasing number of seasonal and short-term rentals, a shortage of affordable homes that are for sale and no place for upwardly mobile families to transition to. “The biggest takeaway for me is that it…