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2020 | 2019 | 2018 | 2017
Detroit, MI Revenue Losses from Subsidy Programs
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Program Name | Program Type | Gross Revenue Loss | Reimbursement / offset | Net Revenue Loss | Type of Loss |
---|---|---|---|---|---|
Brownfield Redevelopment (BRA) | Economic development | $1,295,479 | $0 | $1,295,479 | Active |
Community Rehab Act (CFT) | Economic development | $2,067 | $0 | $2,067 | Active |
Community Rehab Act (CRA) | Economic development | $415,906 | $0 | $415,906 | Active |
Eligible Manufacturing Personal Property | Economic development | $9,820,559 | $0 | $9,820,559 | Active |
Industrial Facilities Tax Abatement (IFT) | Economic development | $628,862 | $0 | $628,862 | Active |
Land Bank Fast Track Act (LB) | Economic development | $321,525 | $0 | $321,525 | Active |
MI State Housing Development Authority | Housing | $9,278,715 | $0 | $9,278,715 | Active |
Neighborhood Enterprise Zone | Housing | $4,596,460 | $0 | $4,596,460 | Active |
Obsolete Property Rehab Exemption | Economic development | $1,088,949 | $0 | $1,088,949 | Active |
Renaissance Zones (RZ) | Economic development | $8,446,677 | $0 | $8,446,677 | Active |
Sr Citizen/Disabled Family Housing Exemption | Housing | $71,128 | $0 | $71,128 | Active |
TABULATED TOTAL | $35,966,327 | $0 | $35,966,327 |