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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 | $1,402,168 | $0 | $1,402,168 | Active |
Commercial Redevelopment Act (CFT) | Construction/rehabilitation | $249,457 | $0 | $249,457 | Active |
Commercial Rehabiliation Act (CRA) | Construction/rehabilitation | $2,644,724 | $0 | $2,644,724 | Active |
Industrial Facilities Tax (IFT) | Facility expansion | $646,351 | $0 | $646,351 | Active |
Land Bank Fast Track Act (LB) | Construction/rehabilitation | $1,071,669 | $0 | $1,071,669 | Active |
MI State Housing Development Authority | Affordable housing; Historic preservation | $5,997,924 | $0 | $5,997,924 | Active |
Neighborhood Enterprise Zone (NEZ) | Construction/rehabilitation | $7,112,526 | $0 | $7,112,526 | Active |
New Personal Property Exemption | Economic development | $8,576,108 | $0 | $8,576,108 | Active |
Obsolete Property Rehabilitation Act (OPRA) | Construction/rehabilitation | $2,864,604 | $0 | $2,864,604 | Active |
Renaissance Zone Act (RZ) | Economic development | $8,454,372 | $0 | $8,454,372 | Active |
Senior Citizen/Disabled Family Housing | Affordable housing | $126,052 | $0 | $126,052 | Active |
TABULATED TOTAL | $39,145,955 | $0 | $39,145,955 |