Brownfield Tax Increment Financing (TIF)
Brownfields
Brownfields are defined as properties that are contaminated (facility), blighted, functionally obsolete, or are historic properties. Regardless of their classification, all brownfield properties face economic impediments to reuse and redevelopment.
Download the Brownfield TIF Fact SheetThrough the Brownfield Redevelopment Financing Act, Brownfield TIF allows applicable taxing jurisdictions to receive property taxes on the property at the current level and capture the incremental increase in tax revenue resulting from a redevelopment project. Under a MSF approved Work Plan or Combined Plan, projects can seek reimbursement from state and local property taxes for eligible non-environmental activities. Projects can also seek reimbursement from state and local property taxes for eligible environmental activities through submission of a Work Plan or Combined Plan to the Michigan Department of Environment, Great Lakes, and Energy.
A draft Work Plan is submitted for initial evaluation and project scoping to either the Community Assistance Team or Business Development Manager.
For more information read the Work Plan Guidelines document
Click hereContact the Community Assistance Team (CATeam)
Community Assistance Team members provide personalized support and guidance to your community based on its location in Michigan. Interact with the Map on the left to find your contact by region.
