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Residential infill incentive at 408 Michigan Ave

Summary

The CRA is paying $5,000 to encourage a new single-family home on a previously vacant lot. More homes means more taxable value for the redevelopment district — which funds CRA projects.

At a glance

Total mentions: 1
Last 30 days: 0

Last discussed Aug 11, 2026.

Impact analysis

💰Financial impact

$5,000 from a budgeted CRA incentive pool of $47,500.

✅Who benefits

The property owner building the new home at 408 Michigan Ave, plus the CRA district through higher taxable value.

Mentions & discussions (1)

MeetingAug 11, 2026approved

General - Aug 11, 2026

The CRA is paying $5,000 to encourage a new single-family home on a previously vacant lot. More homes means more taxable value for the redevelopment district — which funds CRA projects.

Related development

approved

Residential Incentive Program application — 408 Michigan Ave

Adds a new single-family home to the neighborhood and boosts the CRA district's taxable value.

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