What is the Downtown Development Authority?
The DDA is responsible for promoting economic development within its district and eliminating the causes of property value decline.
The DDA's statutorily required Development and Tax Increment Finance (TIF) Plan serves as a guide for the continued development of the downtown district. The plan emphasizes measures to attract and stimulate additional investment in the district, providing public infrastructure to support private investment, conducting business recruitment and retention activities, marketing, planning and identifying potential catalyst projects and amenities to stimulate development.
Since its establishment, the Woodhaven DDA has played a variety of roles within the community. It has been, and continues to be, an economic development agency, a redevelopment agency, a marketing organization and a coordinator and facilitator among various private and governmental entities involved in Woodhaven's downtown district.
Where does the DDA get the money that it spends?
The DDA is operated using TIF (Tax Increment Financing) funding. Simply put, the DDA captures tax funds that would otherwise go to other taxing agencies. The largest capture for the DDA is from Wayne County.
If the DDA does not spend the funds, then they must be returned to the agency from which they were captured. They cannot be turned over to anyone else. Additionally, DDA funds can ONLY be spent for and on items that are within the boundaries of the DDA.
For reference, please look at the City of Woodhaven zoning map to see where the DDA boundaries are located.
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