UNDERSTANDING YOUR DOWNTOWN DEVELOPMENT AUTHORITY

In August of 1988, the City Council of the City of Hazel Park created a Downtown Development Authority under P.A. 197 of 1975, as amended, and designated the boundaries of the Authority district within which the Authority will exercise its powers.

Tax increment financing is a financing tool for the redevelopment of a designated amended Development Area within the Downtown Development Authority District.

Tax Increment financing is the process of expending new tax dollars for improvements that benefit the source of the taxes. Taxes generated from the new private property developments and from improvement to existing private property within a designated amended Development Area are “captured” and utilized by the DDA to finance public improvements within the amended Development Area. This process supports and encourages continued private investment. For further information about the Downtown Development Authority, please contact Angela Schofield at (248) 546-4073.

DDA meetings are open to the public, and held on the first Tuesday of every month at 7:30 p.m., in the Council Chamber of City Hall.

Click here to download the DDA Newsletter. (pdf)





City of Hazel Park, 111 E. Nine Mile Rd., Hazel Park, MI 48030 Disclaimer