DETROIT rent to own home - vacant land ( beds, 6 baths)

Building should define space in a meaningful way. Building should be designed to compliment community. Provide a diverse residential stock nd density at a variety of procedure points, ownership types (i.e. Rent, Own), housing types. Densities shall support opportunities for neighborhood commercial investments and jobs creation, stimulating growth in local economy. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. See attached documents for offer submission information.This rent to own home is vacant land located in DETROIT. It offers 0.09 acres in size, beds and 6 baths. Review its detailed information and determine if this DETROIT rent to own has the qualities you are looking for.

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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