Summary
While the role of the Downtown Detroit Authority (DDA) has always been to help attract businesses to their communities, we on the committee wanted to take that one step further. That was one of the motivations behind my Senate Bill 972, a bill that would allow DDA boards to create, operate and fund loan programs for building improvements in downtown districts. These loans would be used to make buildings more marketable for sale or lease. The DDA board could then make loans to businesses with interest at market rate or below, as determined by the board.
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Extract
Dda Loan Programs Can Rejuvenate Downtown Districts
As a member of the Senate Commerce and Tourism Committee, I am privileged to review, advocate and advise on many bills that hav...
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