LIV AB East Bay is a Housing Property involving Housing Tax Increment Financing.
Michigan Public Act 90 of 2023, an amendment to Act 381 that went into effect on July 19, 2023, provides new opportunities to support certain housing development activities using tax increment revenues (“Housing Tax Increment Financing” or “HTIF”) by adding new terms to the definition of both Eligible Property and Eligible Activities, as these terms are defined in Section 2 of Act 381, specific to projects including housing (rental and/or for-sale).
Specifically, Housing Property (as defined below) that is located in a community that has identified a specific housing need and has absorption data or job growth data included in the Plan is now an Eligible Property and the cost of Housing Development Activities (as defined below) associated with such Housing Property maybe supported by HTIF under a Plan or amendment to a Plan
Site History
Historically the subject property had been developed and used for orchards from approximately 1938 to the early 1990’s. Portions of the four historic orchard areas exist on the subject property and are denoted as former Orchard Area #1, Orchard Area #2, Orchard Area #3 and Orchard Area #4. There is also a portion of the subject property that is denoted as the Restrictive Covenant Area, located along the western property boundary. Refer to the 1977 historical aerial photograph which depicts the former operations and is included as Attachment B. The locations of the four former orchard areas and the Restrictive Covenant Area
Redevelopment
Brownfield Plan(PDF)
MSHDA Review Response Letter(PDF)