Tax Increment Finance Authority (Monroe North TIFA)
The Monroe North Tax Increment Financing Authority (TIFA) is a funding tool Downtown Grand Rapids Inc. administers to help catalyze public and private investment in the Monroe North neighborhood. Funds go to support real private property improvements, build streets and public infrastructure, as well as maintain and expand parks and other public amenities.
Established by the City Commission in 1985 under state law, the Monroe North TIFA's principal source of funding revenue generated by increasing property values within the MNTIFA district. City Commission annually approves the budget. A 9-member Board of Directors appointed by the Mayor with concurrence from City Commission govern the Monroe North TIFA. The Board meets monthly on the second Wednesday. More details are on the City Clerk Page.
Howard Hansen, Chair
Shaun P. Biel, Vice-Chair
Mayor Rosalynn Bliss
City of Grand Rapids
West Michigan Literacy Center
Carl D. Kelly
Kent County Commissioner
Amway Hotel Corporation
Fiscal Year 2018 Budget Process
The City Commission on May 23, 2017 approved the Monroe North TIFA's budget recommendation for Fiscal Year 2018. The fiscal year runs from July 1, 2017 - June 30, 2018.
All financial audits are conducted in accordance with generally accepted auditing standards in the United States of America.
Freedom of Information
Michigan's Freedom of Information Act (FOIA) ensures public access to government records. Our FOIA Procedures and Guidelines describe the process and expectations for the public to submit formal requests information. If you seek something specific, give us a call. We will help you find it.