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