2091 SEWARD Street Detroit, MI 48206

This vacant lot presents an opportunity for new housing construction within a developing community. The location offers proximity to the Motown Museum, Henry Ford Hospital, and the New Center/Downtown area. The Detroit Land Bank Authority (DLBA) is looking for proposals focused on small- to medium-scale infill development. The goal is to increase housing supply while restoring the urban fabric, density, and walkability of the neighborhood. Interested buyers are encouraged to review the DLBA proposal guidelines for new build opportunities and consult relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department. The property is located in Detroit, Michigan, with a lot size of 0.15 acres. Please note that the 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.