Environmental
In Michigan, a 'brownfield redevelopment authority' (BRA) can assist property owners by:
AProviding free cleanup services at taxpayer expense
BCapturing tax increment from increased property values after cleanup to reimburse eligible cleanup and development costs✓ Correct
CExempting brownfield sites from all state environmental regulations
DProviding low-interest mortgages for residential brownfield redevelopment only
Explanation
Michigan's Brownfield Redevelopment Financing Act allows local Brownfield Redevelopment Authorities to capture tax increment from increased property values after cleanup to reimburse eligible environmental response and development costs, incentivizing brownfield reuse.
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