Governor Whitmer signed legislation into law, aimed at providing more affordable housing statewide and transforming vacant land into productive space.
Key Points:
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- Allows tax revenues captured through local brownfield redevelopment authorities to fund affordable housing costs with the approval of the Michigan State Housing Development Authority.
- Established the Transformational Brownfield Fund to help convert underutilized, vacant, or abandoned property into productive space ready for business investment and community revitalization projects.
“Today, we are taking a solid step forward on our Make it in Michigan strategy to help more people, businesses, and communities ‘make it’ in Michigan,” said Governor Whitmer. “Whether it’s renovating the old bank or theater on main street or building affordable housing on abandoned land, Michigan communities are on the move, open for business, and showing the world how much we have to offer. These bills will create good-paying jobs, grow the economy, and lower costs for businesses and families looking for affordable housing options. Let’s keep our foot on the accelerator and work together to ensure anyone can make it in Michigan.”
