13402 DEAN Street Detroit, MI 48212

This residential land, located on the border of Hamtramck in Detroit, MI, presents a great building opportunity. The addresses associated with the land include 13402 Dean, 13410 Dean, 13414 Dean, 13420 Dean, 13428 Dean, 13434 Dean, and 13400 Dean. The lots are to be sold together. Any building on this land should define space in a meaningful way and complement the community. The design should provide a diverse residential stock and density at a variety of price points and ownership types, including rental and owned housing. Densities should support opportunities for neighborhood commercial investments and job creation, stimulating growth in the local economy. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. This tax capture may be incompatible with tax abatements otherwise available to the purchaser. The 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 abatement on the purchase and development financing.