DDA Regular Board Meeting
Detroit Downtown Development AuthorityRemote
Join Zoom Meeting:
https://us06web.zoom.us/j/88547678183?pwd=Vm93MnFmaWNOaE5TTDdaRUY3aXBXUT09
Meeting notice and agenda: https://degc.wpenginepowered.com/wp-content/uploads/2023/01/01-11-22-DDA-Board-Meeting-Notice-and-Agenda.pdf
Check the source website for additional information
Reporting
Edited and summarized by the Detroit - MI Documenters Team
DDA lowers the residency requirement from 5 yrs to 3, gives $25M to The District Detroit — both for affordable housing
DDA lowers the residency requirement from 5 yrs to 3, gives $25M to The District Detroit — both for affordable housing
Our partners: @media_outlier @BridgeDet313 @PlanetDetroit @freep @wdet @metrotimes @chalkbeatDET @MichiganRadio
@DetDocumenters
11:22 AM Jan 11, 2023 CST
Parameters for Affordable Housing Units", previously discussed on Oct 26 & Nov 9 of 2022 and is related to Duggan's announcement yesterday: freep.com/story/news/loc…
twitter.com/samueljrob/sta… https://t.co/YFlmqkGUpW
twitter.com/kayleighrenel/…
a founder of the @LATenantsUnion, goes through some background on affordable housing nationwide & the problems with using AMI (Area Median Income) & how that's playing out in Los Angeles and around the US.
newrepublic.com/article/161806…
Attachments
Agency Information
Detroit Downtown Development Authority
The Downtown Development Authority (DDA) was established pursuant to Michigan Public Act 197 of 1975, as amended, and supports private investments and business growth through loans, sponsorships and grants, capital improvements to public infrastructure and additional programs designed to increase economic activity. Funding for DDA programs comes from a number of sources such as grants, contracts, interest on loans and captured tax increments – increases in property taxes that result from new investments – on approved developments. Property owners within the DDA district pay a 1 mill property tax to fund the basis operation of the DDA.
Documents
No documents available