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Commercial Rehabilitation Certificates (CREC)
Public Act 210 of 2005 encourages the rehabilitation of commercial property by abating the property taxes generated from new investment for a period up to 10 years. Eligible properties must be at least 15 years old, of which the primary purpose is the operation of a commercial business enterprise or multifamily residential use.
Click Here for the Michigan Economic Development Corporation's summary of CRECs.
***Application MUST be submitted before any construction begins.***
PA 210 of 2005 - Commercial Rehabilitation Act
CREC Application
CREC Tax Incentive Agreement - to be submitted with the application
Note: $800 filing fee must accompany application.
CREC Application
CREC Tax Incentive Agreement - to be submitted with the application
Note: $800 filing fee must accompany application.