1944 PUTNAM Street Detroit, MI 48208

Four vacant land parcels are available in the Woodbridge neighborhood. The addresses included are 1944 Putnam, 5104 Vermont, 5114 Vermont, and 5120 Vermont. The lots average 0.10 acres each, totaling approximately 0.28 acres. The intended use is for small- to medium-scale infill development, with the goal of increasing housing supply, restoring the urban fabric, density, and walkability. Interested buyers should consult proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. The Detroit Land Bank Authority (DLBA) 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 abatement 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 abatement on the purchase and development financing.