Brownfield Redevelopment Authority (PA 381) & Local Development Finance Authority (PA 281)
Brownfield Redevelopment Authority (BRA) can be used to develop and implement Brownfield projects. A BRA is a resource that may use Tax Increment Financing (TIF) as a tool for property redevelopment. For more information on Midland’s Brownfield Redevelopment Authority (BRA) & Local Development Finance Authority (LDFA), visit www.Midland-MI.org
Community Revitalization Fund
The Michigan Community Revitalization Program (MCRP) is designed to promote community revitalization that will accelerate private investment in areas of historical declining values, foster redevelopment of functionally obsolete or historic properties, reduce blight, and protect natural resources of this state. MCRP provides gap financing through loans, grants, or other economic assistance.