TIFA District

The purpose of the Tax Increment Finance Authority (TIFA) is to promote economic and business development through programs and public improvement projects that create economic opportunity, provide entrepreneurial support, and preserve property values while maintaining the historic nature of Downtown Hillsdale.

The TIFA derives its funds from a geographically defined district.  The assessed value of properties located in the district at the time it was created established the baseline value. Any incremental increase in property values above this baseline are captured to be reinvested into the district.  For a map of the district, click here.

City of Hillsdale TIFA Programs:

Through the Facade Improvement Program, grant funding is available for the purpose of encouraging exterior building façade improvements within the TIFA district.  A reimbursement of up to 50% of eligible expenses is available per property up to a maximum grant award of $10,000.00.  Applications for FY 2011-2012 now being accepted through March 1, 2011.  

♦  Facade Improvement Guidelines      ♦ Facade Improvement Application

NEW - DEVELOPMENT DISTRICT LIQUOR LICENSES

 City of Hillsdale TIFA Projects:

As a 2009 Michigan Blueprint Community, a portion of Downtown Hillsdale, called the Blueprint target area, underwent a comprehensive market study that created a five year plan to help stimulate economic growth, job creation and private investment in Downtown Hillsdale. For a complete copy of the 2009 Hillsdale Blueprint for Michigan's Downtowns, click here.

The City of Hillsdale TIFA was established in 1997 under P.A. 450 of 1980 and is governed by a thirteen member board appointed by the Mayor.  The board is comprised of local business persons, property owners, and community stakeholders.  Regularly scheduled board meetings take place the second Thursday of every other month at 7 AM at City Hall, 97 N. Broad Street and are open to the public.  For the 2011 meeting dates and a list of current board members, click here.