LOCAL DEVELOPMENT FINANCE AUTHORITY
WHAT DOES THE LDFA DO?
The City of Detroit Local Development Finance Authority (LDFA) prevents conditions of unemployment and promotes growth in Detroit.
The LDFA was established pursuant to Michigan Public Act 281 of 1986, as amended, which has been recodified into Michigan Public Act 57 of 2018, to prevent conditions of unemployment and promotes growth in Detroit. The LDFA has the ability to support projects such as industrial facility revitalizations, technology park development, streetscape improvements and more. Funding comes from grants and taxes collected as a result of new growth within the new development areas.
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The LDFA undertook the Jefferson/Connor Industrial Revitalization Project on the city’s east side to assist Chrysler Corporation in creating jobs and constructing a new manufacturing facility. (Link to TIF Plan) The LDFA has also obtained grant funding from the State of Michigan to support the Wayne State University Technology Park, the William G. Milliken State Park, and the streetscape improvements in the Lower Woodward and University Cultural Center Association areas.
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The LDFA is governed by its Board of Directors, whose members are, with certain exceptions, appointed by the mayor subject to the consent of City Council.
DOCUMENTS
FOIA PROCEDURES
LDFA FOIA WRITTEN PUBLIC SUMMARY
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FISCAL YEAR END 2023 LDFA AUDIT
FISCAL YEAR END 2022 LDFA AUDIT
FISCAL YEAR END 2021 LDFA AUDIT
FISCAL YEAR END 2020 LDFA AUDIT
FISCAL YEAR END 2019 LDFA AUDIT
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SECOND AMENDED AND RESTATED JEFFERSON CONNER TAX INCREMENT FINANCING AND DEVELOPMENT PLAN
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LDFA PUBLIC ACT 57 OF 2018 INFORMATION FOR FISCAL YEAR END 2023
LDFA PUBLIC ACT 57 OF 2018 INFORMATION FOR FISCAL YEAR END 2022
LDFA PUBLIC ACT 57 OF 2018 INFORMATION FOR FISCAL YEAR END 2021
LDFA PUBLIC ACT 57 OF 2018 INFORMATION FOR FISCAL YEAR END 2020
LDFA PUBLIC ACT 57 OF 2018 INFORMATION FOR FISCAL YEAR END 2019