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Commission OKs Neighborhood Enterprise Zone certificates for new single-family homes by Fish Partners LLC and Habitat for Humanity
Summary
The commission approved 15-year NEZ certificates for three homes at Edison Court (Fish Partners LLC, est. $575,000 each) and three Habitat for Humanity homes on Katherine Ave (estimated construction ~$244,000 each) intended for owner-occupants, with Habitat homes targeted to households at 80% AMI.
The Moskegan City Commission on May 12 approved multiple Neighborhood Enterprise Zone (NEZ) certificates designed to reduce property taxes for qualifying owner-occupants and encourage construction in eligible neighborhoods.
Isabella Gonzalez, development analyst, presented three NEZ applications from Fish Partners LLC for 312, 313 and 315 Edison Court. Gonzalez said the homes on Edison Court will be three- and four-bedroom single-family units estimated at $575,000 each; the NEZ would provide roughly a 50% property-tax reduction for up to 15 years for owner-occupants who file the principal-residence affidavit.
Developer Dave Denang said Fish Partners is building several homes as part of the Vidian development and takes lots four at a time; the company is offering a mix of spec and custom homes and expects the waterfront lots to have separate pricing. "So those are right now for 575 including the land," he said when asked about price points.
Later in the agenda, Gonzalez presented NEZ applications from Habitat for Humanity of Kent County for 541, 551 and 561 Katherine Ave. Habitat senior project manager George Visser told the commission the organization plans to build homes targeted to households earning up to 80% of area median income and aims to sell them in the range of $165,000'$185,000 depending on household size and AMI eligibility.
Commissioners asked about buyer outreach and home-buyer education; staff and Habitat representatives noted upcoming homeowner classes and lender partnerships to help prospective buyers prepare. Each NEZ application passed after the public hearings concluded.
