3615 Barham, Detroit, MI 48224

Property Description

This is a land-based project site. The DLBA wants to seek land-based uses (urban agriculture, community garden, etc.) Barham South Parcels (8) vacant lots including addresses 3615,3607,3599,3591,3585,3581, 3573,3569 offered by Detroit Land Bank Authority. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines. development financing. Please refer to DLBA proposal guidelines.