City of Detroit Tax Increment Finance Authority
The City of Detroit Tax Increment Finance Authority (TIFA) prevents conditions of unemployment and urban deterioration, and promotes economic growth in the city. The TIFA assisted the Central Industrial Park Project (GM Detroit/Hamtramck Assembly Facility) that created over 4000 jobs and $750 million in new private investment by issuing bonds to pay for related project improvements. The TIFA also provided a loan guarantee for a $12 million expansion of the St. Regis Hotel, as well as public improvements in this area.
Established in 1982 under PA 450 of 1980, TIFA funding comes from tax increments captured as a result of new growth and expended in accordance with a plan approved by City Council. The nine member board is appointed by the Mayor and confirmed by City Council. The EDC board serves as the TIFA board.
The TIFA has regularly scheduled meetings on the fourth Tuesday of June and December. All meeting announcements are posted outside DEGC offices in the Guardian Building, 500 Griswold, Suite 2200, in Detroit and at the CAYMC building. Check our calendar for meeting dates.
The board is appointed by the Mayor and confirmed by City Council.
(also comprise the Neighborhood Development Corporation and Economic Development Corporation)
- Monique Claiborne, Ernst & Young
- Kimberly Clayson, Schneider Miller, PC
- Maurice Cox, City of Detroit
- Linda Forte, Resident
- Chris Jackson, Resident
- John Naglick, City of Detroit
- Jonathan Quarles, The BTL Group
- William Ritsema
- Matthew Roling, Rock Ventures
- Roger Short, Resident
- Thomas Stallworth, Resident