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Pontiac creates neighborhood enterprise zone to spur housing investment
Pontiac City Council · August 28, 2024
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Summary
Council adopted a neighborhood enterprise zone under Michigan Public Act 147 of 1992, enabling property owners and developers in designated areas to apply for 15‑year tax abatements to encourage new construction and rehabilitation.
Pontiac City Council voted unanimously to establish a Neighborhood Enterprise Zone (NEZ) covering a broad area of the city, a tool intended to spur housing development by allowing property owners and developers to…
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