The Local Development Finance Authority (LDFA) is a primary means of making tax increment financing procedures available to assist industrial development. Utilizing Tax Increment Financing (TIF), the authority captures any increases in property valuations above a base level established before the redevelopment process beings. The LDFA is a public corporate body created primarily to plan and finance the development and redevelopment of the designated facilities, agricultural processing facilities, and high technology activity; LDFA’s are typically used to finance the infrastructure and public improvements necessary to attract these types of businesses to an area. The Local Development Finance Authority meets once per year, in December.
Karen Lovejoy Roe