MI HB5656

Extends the deadline for neighborhood and commercial corridor food initiatives from September 30, 2022 to September 30, 2026, making more small grocery and produce businesses eligible for community revitalization incentives.

Updates the definition of "development area" for food initiative eligibility by referencing section 602 of the 2018 tax increment financing act instead of the 2005 corridor improvement authority act.

Extends the requirement that at least 5% of annual community revitalization incentives be awarded to neighborhood and commercial corridor food initiatives through the 2025-2026 fiscal year (previously 2021-2022).

Maintains existing eligibility criteria for food initiatives, including requirements that projects offer USDA-inspected meat and poultry products, fresh fruits and vegetables, and dairy products, and cannot locate within 1 mile of existing comparable retail businesses.