Stimulus Package: Provisions for Commercial Real Estate in South East Michigan

A large part of the stimulus package is related to residential housing and home owners; however, many industry experts will claim that this assistance indirectly benefits the commercial real estate market.

Part of the provisions of the recent bill that was passed will allow funding for the State energy programs to support green building and energy efficiency efforts of commercial property owners. The Department of Energy Renewable Energy Loan Guarantees Program benefits for commercial property owners seeking to invest in energy efficiency upgrades and alternative energy systems for onsite power generation.

Businesses will benefit from certain provisions of the bill that provides tax relief in the area of bonus depreciation and capital expenditures and the 5-year carry-back of net operation losses for small businesses.

There are also provisions in the plan to offer tax incentives to homeowners who make energy efficient improvements to their property.

Other provisions of the Stimulus Plan include:

First Time Homebuyer Tax Credit
FHA, Fannie Mae and Freddie Mac Loan Limits
Neighborhood Stabilization
Rural Housing Services
Low Income Housing Grants
Tax Exempt Housing Bonds
Energy Efficient Housing Tax Credits and Grants
Transportation Investments
Broadband Deployment

Mark Goedert of Goedert Real Estate has been serving clients in the Down River Michigan area for over 50 years. Check out his site for local neighborhood and school details, mortgage information, interactive maps, listings of commercial and residential property for sale and a multitude of resources and information for realtors and home buyers.

Mark Goedert serves clients in the Down River area, Calhoun, Battle Creek, Marshall, Albion, Hillsdale, Ingham, Lansing, Okemos, Mason, Jackson, Lenawee, Adrian, Tecumseh, Hudson, Livingston, Howell, Brighton, Pinckney, Macomb, Sterling Heights, Warren, St. Clair Shores, Monroe, Temperance, Bedford, Oakland, Farmington Hills, Royal Oak, Southfield, Washtenaw, Ann Arbor, Ypsilanti, Saline, Wayne, Detroit, Dearborn, Livonia, Canton, Trenton and more in South East Michigan.