MI SB0227

Removes restriction on homestead facility certificates issued after December 31, 2006 in cities with population of 750,000 or more, allowing residential properties in those cities to qualify for neighborhood enterprise zone benefits.

Adds new category for homestead facilities in cities with population between 600,000 and 750,000 with certificates issued after December 31, 2006, located in subdivisions platted before January 1, 1968.

Expands definition of "condominium unit" to allow multiple units within qualified historic buildings to be held under common ownership instead of separate ownership.

Clarifies definition of "rehabilitated facility" to include condominium units in qualified historic buildings with specific improvement cost thresholds ($5,000-$7,500 for contractor work or $3,000-$4,500 for owner-performed work).

Defines "qualified downtown revitalization district" to include downtown districts, principal shopping districts, business improvement districts, and locally-zoned business areas for purposes of mixed-use residential development eligibility.