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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 Act | Brownfields rehabilitation | $1,118,136 | $0 | $1,118,136 | Active |
Commercial Redevelopment Act (CFT) | Construction/rehabilitation | $6,876 | $0 | $6,876 | Active |
Commercial Rehabiliation Act (CRA) | Construction/rehabilitation | $1,543,958 | $0 | $1,543,958 | Active |
Eligible Manufacturing Personal Property (EMPP) | Economic development | $11,123,269 | $0 | $11,123,269 | Active |
Industrial Facilities Tax (IFT) | Facility expansion | $606,817 | $0 | $606,817 | Active |
Land Bank Fast Track Act (LB) | Construction/rehabilitation | $313,285 | $0 | $313,285 | Active |
MI State Housing Development Authority | Affordable housing; Historic preservation | $11,214,727 | $0 | $11,214,727 | Active |
Neighborhood Enterprise Zone (NEZ) | Construction/rehabilitation | $4,571,933 | $0 | $4,571,933 | Active |
Obsolete Property Rehabilitation Act (OPRA) | Construction/rehabilitation | $1,251,594 | $0 | $1,251,594 | Active |
Renaissance Zone Act (RZ) | Economic development | $6,840,208 | $0 | $6,840,208 | Active |
Senior Citizen/Disabled Family Housing | Affordable housing | $153,479 | $0 | $153,479 | Active |
TABULATED TOTAL | $38,744,282 | $0 | $38,744,282 |