Real Estate Development Real estate development is a key pillar of SEDP’s strategic plan. We are aggressively supporting efforts to redevelop existing properties and develop new investments in the community. From new industrial facilities to expanding our housing stock, SEDP is committed to keeping our real estate market competitive. Some of the tools available include: Michigan Community Revitalization Program (MCRP) The Michigan Community Revitalization Program (MCRP) is an incentive program available from the Michigan Strategic Fund (MSF), in cooperation with the Michigan Economic Development Corporation (MEDC). The focus of the MCRP is to encourage and promote structural renovations and redevelopment of brownfield and historic preservation sites located in traditional downtowns and high-impact corridors. MCRP provides gap financing in the form of performance-based grants, loans, or other economic assistance for eligible investment projects in Michigan. Learn more here. Shiawassee County Land Bank Shiawassee County offers access to a county-wide land bank, a tool available to communities to develop or redevelop property, and deal with troubled sites. Through the land bank, tools such as Tax Increment Financing and quiet title actions are available to remove barriers to investment. Tax Incentives Multiple tools to support development and redevelopment can be accessed in Shiawassee County. From Tax Increment Financing to put your tax dollars back into your project or tax freeze programs like the Obsolete Property Rehabilitation Act (OPRA), SEDP can help you identify and pursue tax incentives in support of your development project. Michigan Community Revitalization Program (MCRP) The Michigan Community Revitalization Program (MCRP) is an incentive program available from the Michigan Strategic Fund (MSF), in cooperation with the Michigan Economic Development Corporation (MEDC). The focus of the MCRP is to encourage and promote structural renovations and redevelopment of brownfield and historic preservation sites located in traditional downtowns and high-impact corridors. MCRP provides gap financing in the form of performance-based grants, loans, or other economic assistance for eligible investment projects in Michigan. Learn more here. Shiawassee County Land Bank Shiawassee County offers access to a county-wide land bank, a tool available to communities to develop or redevelop property, and deal with troubled sites. Through the land bank, tools such as Tax Increment Financing and quiet title actions are available to remove barriers to investment. Tax Incentives Multiple tools to support development and redevelopment can be accessed in Shiawassee County. From Tax Increment Financing to put your tax dollars back into your project or tax freeze programs like the Obsolete Property Rehabilitation Act (OPRA), SEDP can help you identify and pursue tax incentives in support of your development project.
