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City attorney outlines attainable and residential housing districts; commission asks staff to analyze tax and compliance impacts
Summary
Traverse City’s city attorney described two state statutes that permit property tax reductions for rental units leased to income‑qualified tenants; commissioners asked staff to study local implementation, tax impacts and administrative costs.
Lauren Tribblelach, city attorney for Traverse City, briefed the joint session on two statutes enacted in 2022 that enable city‑established housing districts for income‑restricted rental units. Tribblelach said the statutes distinguish between attainable housing (up to four rental units) and residential housing districts (more than four rental units); both require income qualification and limit rents to no more than 30% of adjusted household income as defined in the acts. The districts are established by city resolution, require…
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