Brownfield Redevelopment Financing Program - 186-0420-17
Description of Agency
The Brownfield Redevelopment Financing Act (Public Act 381 of 1996) authorizes municipalities to create brownfield redevelopment authorities (BRAs) to facilitate the implementation of brownfield plans, create redevelopment zones, and work to promote revitalization and redevelopment of blighted or functionally obsolete property. The Act authorizes BRAs to capture tax funds through a tax increment financing (TIF) program, including the recapture of taxes that are designated toward public schools. TIF funds recaptured through the Act include 24 mils of school tax that are used toward eligible activities addressing functional and environmental concerns at properties with approved brownfield redevelopment plans. Brownfield work plans (projects) involving TIF funding must be submitted by BRAs to the Department of Environmental Quality (DEQ) (projects with environmental issues) or to the Michigan Strategic Fund (MSF) for approval (some projects may require both DEQ and MSF approval). As of June 2017, there are 295 active BRAs. For calendar years 2014 through 2016, 181 work plans were approved by DEQ and/or MSF.
- To assess the effectiveness of DEQ’s and MSF’s administration of BRA work plans.
- To assess the effectiveness of the Brownfield Redevelopment Financing Program to promote revitalization of eligible property through the use of TIF.
- To assess DEQ’s and MSF’s compliance with statutory reporting requirements.
Estimated Release Date: Mid 2017
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