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Committee hears Prentice St. NEZ request for 29‑unit Midtown rehab; members seek clarity on tenant protections
Summary
Housing and development staff and Midtown Detroit PropCo asked the committee to establish an NEZ district for 663 Prentice to support a $4.1M rehab of a 29‑unit building; presenters promised a tenant retention agreement limiting current tenant rent increases to 2% and said tax impact modeling shows net fiscal benefit over 15 years.
The Planning & Economic Development Standing Committee heard a public hearing on Sept. 18 on a Neighborhood Enterprise Zone (NEZ) district request for 663 Prentice Street in Midtown, presented by the Housing and Revitalization Department and Detroit Economic Growth/Development staff.
Justice Cook of the Housing and Revitalization Department explained that Midtown Detroit PropCo LLC is seeking a district designation that would allow future application for an NEZ certificate tied to a planned $4,100,000 rehabilitation. David Howell of Detroit GC outlined the project in detail: the building contains 29 residential units (15 studios and 14 one‑bedrooms), is roughly 90%…
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