A bill to amend 2000 PA 146, entitled “Obsolete property rehabilitation act,” by amending sections 2 and 16 (MCL 125.2782 and 125.2796), section 2 as amended by 2006 PA 70 and section 16 as amended by 2016 PA 222.
Seeks to redefine and introduce terms such as "commercial housing property," "commercial property," "rehabilitation," and "rehabilitated facility," among others, to facilitate the redevelopment of obsolete properties for commercial and residential purposes. It specifies criteria for areas eligible for rehabilitation, including those based on population, income levels, and proximity to distressed areas or large cities, and outlines what constitutes rehabilitation, focusing on restoring or modifying properties to an economically efficient condition.
Co-sponsored by Sens.
Referred to the Committee on Economic and Community Development
