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Neighborhood Enterprise Zones described as targeted tax abatement to unlock redevelopment
Summary
Housing North outlined how Neighborhood Enterprise Zones (NEZ) and related tax abatements can incentivize adaptive reuse and new construction, and explained implementation mechanics and limits that city officials should weigh.
Susan Lighthizer Yee of Housing North told the joint study session that Neighborhood Enterprise Zones (NEZ) are an established Michigan tax‑abatement tool (dating to Public Acts in 1992) that municipalities can use to incentivize adaptive reuse of blighted or underutilized properties or to support targeted new construction. “NEZ rehab is suitable for owner‑occupied or rental housing and is used to incentivize adaptive reuse and rehabilitation of blighted or obsolete properties,” she said, and described the tax mechanics and statutory constraints.
Lighthizer Yee described…
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