Accessory Dwelling Units (ADU’s): Sometimes referred to as “additional” dwelling units, ADUs are residential units located on the same property as a single-family dwelling and constructed with the intention of being used by a separate household. For the relevant Emmet County zoning ordinance, see https://www.emmetcounty.org/wp-content/uploads/2015/11/Accessory-building.pdf
Community Land Trust (CLT): CLTs are nonprofit, community-based organizations governed by a local board that are designed to ensure sustainable community stewardship of land as a community investment. CLTs can be used for many types of development but are primarily used to ensure long-term housing affordability by retaining the ownership of the land while selling the house to an income-qualified household at a reduced price and leasing the land to the buyer. For more information see https://www.housingnorth.org/community-land-trusts For a local example see the Harbor Area Residential Trust (HART) at https://www.harborarearesidentialtrust.org
Federal Tribal Trust Lands: The US Department of Interior acquires the title to a land and holds it in trust for the benefit of a tribe or tribal members. LTBB used Tribal Trust Lands for the Victories Square Development. For a map of Little Traverse Bay Bands of Odawa Indians Trust Lands, see https://ltbb.maps.arcgis.com/apps/View/index.html?appid=b939b250bbe647b89b4e533c3e34378b For regulations, see https://www.bia.gov/sites/bia.gov/files/assets/bia/ots/ots/pdf/2017.12.29_Little_Traverse_Bay_Bands_Odawa_Indians_Approved_Bus_Res_Ag_W_S_508.pdf
Land Bank Authority: A Land Bank Authority is a government authority that traditionally manages distressed, abandoned, or tax foreclosed properties, usually in a county. More recently, Land Banks have been open to purchasing or receiving donations of other properties in order to develop them. In Michigan, properties owned by a land bank automatically qualify as brownfield sites for purposes of benefits available from local Brownfield Redevelopment Authorities. Land Bank Authorities are governed by a Board appointed by County Commissions and are managed by the County Treasurer. For more information, see https://www.emmetcounty.org/community-resources/land-bank-authority-2/
Planned Unit Development (PUD): A form of development guided by a comprehensive site plan usually characterized by larger site areas which emphasizes residential use, provides for cluster building, includes dedicated common open space, and promotes an efficient layout of public utilities, all in accordance with a unified architectural theme. For the Emmet County PUD Ordinance, see Article 16 of the Emmet County Zoning Ordinance at https://www.emmetcounty.org/wp-content/uploads/2021/12/PZ_2021-updated-county-zoning-ordinance.pdf
PILOT (Payment in Lieu of Taxes): A temporary, partial reduction of future taxes awarded by local governments to applicants that commit to projects that benefit the community but would not occur without the PILOT. For a local example, see https://www.housingnorth.org/news/new-affordable-rentals-coming-to-traverse-city
(TIF) Tax Increment Financing: Tax increment Financing is a procedure that allows municipalities to “capture” the additional, or incremental, taxes from property as it increases in value. Property owners continue to pay taxes as usual, but a portion of the money is diverted to pay for development activities that have a public benefit. Allows local governments to invest in public infrastructure or other improvements up-front which are repaid by capturing future anticipated increases in tax revenues generated by the project. Other applications allow all tax increase revenues to be allocated for a specific project of community benefit such as downtown development. Recently proposed legislation would create a “Brownfield TIF” option which would allow for housing projects on Brownfield properties to be eligible for TIF funding . For a local downtown development example see the Harbor Springs’ Downtown Development Authority’s TIF plan at https://www.cityofharborsprings.com/wp-content/uploads/2018/10/fs15-1531313898-25603.pdf
For more comprehensive glossaries of housing terms, see:
Harbor Light Community Partners:
https://harborlightcp.org/glossary-of-affordable-housing-terms/
Housing Toolbox.org
https://www.housingtoolbox.org/writable/files/resources/17e.-Affordable-Housing-Glossary2016.pdf
Nonprofit Housing.org
http://nonprofithousing.org/wp-content/uploads/Media-Packet-Affordable-Housing-Glossary-copy.pdf
Generation Housing.org
https://generationhousing.org/wp-content/uploads/2020/01/200121-Gen-H-Glossary-of-Housing-Terms.pdf