Real Estate Round Up 4/27/2016
$53M apartment project gets state approval for big tax break
Jim Harger, Mlive.com
The board authorized the project to capture $4.3 million in local property taxes and $4.6 million in school taxes over the next 14 years. Eligible expenses include demolition of existing buildings, site grading, new streets and the installation of new utilities.
The 30-Year Fixed Mortgage Should Disappear
Edward Pinto, Forbes.com
It is impossible to simultaneously keep the 30-year fixed rate mortgage at the system’s core, protect taxpayers and provide broad access to meet the needs of underserved communities.
“No. 3 - City High fell from Michigan’s #1 to #3 but increased to #47 Nationally.”