Shortens timeframe for municipality to rehabilitate certain abandoned property.

This bill shortens the timeframe municipalities must wait before taking action to rehabilitate certain abandoned properties from six months to three months. It directly affects municipalities (which can now act more quickly), property owners (who must submit rehabilitation plans within three months or risk losing control), and tax sale certificate holders (who must initiate foreclosure within three months). Key provisions reduce the unoccupied period required for a property to be deemed abandoned and tighten deadlines for submitting rehabilitation plans or initiating foreclosure proceedings. The goal is to accelerate the rehabilitation of deteriorating properties that create community safety and blight issues.