Land Use & Zoning

In Michigan, a moratorium on development is a temporary:

ATax increase on new construction
BSuspension of development permits while a municipality reviews or updates its plans✓ Correct
CProhibition on selling real estate
DFreeze on property assessments

Explanation

A development moratorium is a temporary halt on the issuance of building permits or approval of development plans, typically enacted while a municipality updates its master plan or zoning ordinance.

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