01/09/2026 Victories Square II: Housing Built With Purpose
The Little Traverse Bay Bands of Odawa Indians is pleased to announce it recently received $1.5 million in Low-Income Housing Tax Credits from the Michigan State Housing Development Authority.
Odawa Economic Development Management, Inc., an LTBB tribal corporation under the Legislative Branch, and Community Housing Network will build 44 units in Petoskey, MI, at the Tribe’s Victories Square property in 2026. The units will be for households earning between 30-80% Area Median Income with 23 units receiving project-based rental assistance.
The apartment building, Victories Square II, will be located adjacent to the Tribe’s Victories Square I apartment building, also built with the assistance of Low-Income Housing Tax Credits. Victories Square I consists of 50 studio, one- and two-bedroom rental apartments with a large community room, a private meeting room, a laundry and an exercise room with equipment.
Tribal Council passed a motion to eliminate credit scoring from Victories Square Low-Income Housing Tax Credit Buildings 4 and 5 (located on Lots 4 and 5 on the accompanying Victories Square map) applications. There was a three-week timeline where only LTBB Tribal Citizens’ applications were processed for Victories Square I. The same application process will be followed for the Victories Square II building. A ribbon cutting ceremony for Victories Square I was held on October 30, 2025, and occupancy of the building began in December 2025.
While this project is designed first to meet the needs of LTBB citizens, it also helps stabilize the local housing market by increasing long-term, affordable rental options. When families have access to stable housing, it strengthens the local workforce, supports nearby businesses and reduces pressure on emergency and social services — benefits which reach beyond the development itself.
Victories Square II reflects how Tribal policy decisions, carried out through a Tribal economic entity, create lasting value for our Nation and the community we share.
The Low-Income Housing Tax Credit program is federally funded and administered by the Michigan State Housing Development Authority. It provides tax incentives on a competitive basis to developers who build or rehabilitate housing for low- and moderate-income residents. The credits help reduce financing costs, making it possible to offer lower rents and ensure long-term affordability.