MI HB4641

Changes population threshold for cities with existing structures from 750,000 to 600,000 residents to expand eligibility for neighborhood enterprise zone certificates in homestead facilities.

Defines "homestead facility" as existing 1-2 unit residential structures purchased after December 31, 1996, where the owner occupies one unit as principal residence, located in subdivisions platted before January 1, 1968.

Establishes "new facility" to include single/dual residential units, model homes, condominium units, and mixed-use rental buildings with street-level retail in qualified downtown revitalization districts.

Defines "rehabilitated facility" as existing structures with current true cash value of $80,000 or less per unit requiring improvements exceeding $5,000 (owner-occupied) or $7,500 (non-owner-occupied) to meet building code standards.

Specifies qualified downtown revitalization districts include downtown districts, principal shopping districts, business improvement districts, and areas zoned and primarily used for business as determined by local governmental units.