Does the public have access righ...
While some factors may change the outcome, the answer is generally no. In fact, “[n]o Michigan decision has ever held that a dedication of...
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Does the Brownfield Redevelopment Financing Act allow for the use of tax increment financing for the development of housing needed to address shortages?
Yes, the 2023 amendments to the Brownfield Redevelopment Financing Act broadened the definitions of “eligible activities” and “eligible property” to allow for tax increment financing of housing development activities where a community has identified a specific housing need. These amendments make the TIF program available for housing development in addition to traditional eligible activities such as removal and abatement of contaminants. This creates a new opportunity for municipalities to use tax increment financing for the creation of housing and improvement of properties.
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Request a ConsultationAt Fahey Schultz Burzych Rhodes PLC, we’ve been helping municipalities, franchised businesses, employers, and more with their legal needs since 2008. We’d love to learn how we can help you, too.
