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Local Development Finance Authority

Color Logo Charter Township of Ypsilanti A Community of Opportunity

Civic Center w Address

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 twice per year in February and October.

 

Most Recent LDFA Meeting Agenda & Packet

 

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Files in directory (./Doc-Repository/Boards-And-Commissions/LDFA/LDFA-Most-Recent):

 

LDFA Members

Brenda Stumbo (Chair)
Javonna Neel (Treasurer)
Charlotte Wilson (Secretary)
Lawrence Doe
Andrew Fanta
Dennis McLain
Ricky Jefferson
Heather Jarrell Roe


In compliance with Public Act 57 "Recodified Tax Increment Finaning Act" - The LDFA Audited Financial Statements can be found by viewing the Table of Contents in the Audited Financial Statements under "Combining Statement of Net Position - Components Units".

2006 LDFA Tax Increment Financing & Development Plan Adopted

2006 LDFA Resolution 2006-27

2006 LDFA Resolution Calling Public Hearing 2006-21

Contact Javonna Neel: (734) 544 - 3601

Charter Township of Ypsilanti  •  7200 S. Huron River Dr. Ypsilanti, Mi 48197  •  (734) 484 - 4700

Mon. - Fri., 8:30am - 4:30pm  •  Closed 12:00pm - 1:00pm daily