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DOWNTOWN DEVELOPMENT AUTHORITY

WHAT IS THE DOWNTOWN DEVELOPMENT AUTHORITY?

The Downtown Development Authority (DDA) supports private investments and business growth through loans, sponsorships and grants, capital improvements to public infrastructure and additional programs designed to increase economic activity.

The DDA was established pursuant to Michigan Public Act 197 of 1975, as amended, which has been recodified into Michigan Public Act 57 of 2018, and supports private investments and business growth through loans, sponsorships and grants, capital improvements to public infrastructure and additional programs designed to increase economic activity. Funding for DDA programs comes from a number of sources such as grants, contracts, interest on loans and captured tax increments – increases in property taxes that result from new investments – on approved developments. Property owners within the DDA district pay a 1 mill property tax to fund the basis operation of the DDA.

The DDA is governed by its Board of Directors who are appointed by the Mayor subject to the consent of Detroit City Council.

DNMDC-Board-Meeting-Notice-for-FY-2023-24.webp

DDA MEETINGS NOTICE – FY 2023-2024

لا توجد أحداث في الوقت الحالي

DOCUMENTS

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JENNIFER KANALOS

Vice President of Board Administration & Governmental Affairs

LET US HELP YOU WITH DOWNTOWN DEVELOPMENT

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