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Committee schedules Corktown NEZ hearing after HRD outlines plan for roughly 600 affordable units
Summary
The committee agreed to receive and file a request for a Neighborhood Enterprise Zone at 1728 Michigan Ave. HRD officials said a HUD Choice Neighborhoods grant will support about 600 units in Corktown, many subsidized at 30% AMI or below; members asked HRD for data on income verification and a public NEZ tracker.
The Planning and Economic Development standing committee on Thursday voted to receive and file a request for a Neighborhood Enterprise Zone (NEZ) for 1728 Michigan Avenue in Corktown and directed staff to schedule a public hearing.
Justice Cook, deputy director of tax incentives in the Housing and Revitalization Department (HRD), and Rebecca Labov, HRD’s chief of Development and Investment, told the committee the administration is implementing a large-scale affordable housing program in greater Corktown funded in part by a U.S.…
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