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Council approves two obsolete-property rehabilitation districts for downtown rehabilitation projects
Summary
Council approved creation of obsolete-property rehabilitation districts for 414 Baker Street (estimated $437,000 rehab; one unit at 80% AMI and one at 100% AMI) and 1204 South Washington Ave. (estimated ~$350,000 rehab), allowing applicants to pursue stabilization and eventual certificates under state OPA rules.
The Lansing City Council on Nov. 17 approved two obsolete-property rehabilitation (OPA) districts, clearing the way for private rehabilitation work at two distressed properties.
Council member Adam Hussain described the first request as an absolute property rehabilitation district for 414 Baker Street, where the applicant (Max Bortz) plans a mixed-use duplex with total projected investment close to $437,000; one unit will be marketed at 80% of area median income while the other will be at 100% AMI. "By creating the district, the applicant would then be allowed to proceed with certain activities to stabilize the property while exploring financing for the project," Hussain said.
The second approved district covers 1204 South Washington Avenue, proposed by Little Rock Ventures LLC; the two-story mixed-use commercial building is expected to undergo roughly $350,000 in rehabilitation for gallery and residential use. Both items were reviewed in committee, had public hearings the previous week and were moved by committee recommendation.
Both resolutions passed unanimously. The creation of the districts allows applicants to undertake immediate stabilization steps and later seek certificates that would come back to council for approval if they pursue tax-incentive certificates under the state's obsolete-property rehabilitation process.
