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.