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 the City Commission governs the Monroe North TIFA. The Board meets quarterly.

Board Members

  1. James Baldwin

    James Baldwin Consulting

  2. Shaun Biel, Chair

    Advantage Commercial Real Estate

  3. Mayor Rosalynn Bliss

    City of Grand Rapids

  4. Diedre Deering

    West Michigan Literacy Center

  5. Kayem Dunn

    Organizational Development Consultant

  6. Jim Talen

    Kent County Commissioner

  7. Richard A. Winn

    AHC Hospitality

  8. Scott Holzwarth

    Corewell Health

  9. Michael Drabek

    Mavrck + Later

Upcoming Meeting Schedule

View Past Meetings
  1. Monroe North Tax Increment Finance Authority Board Meeting – Downtown Grand Rapids, Inc (29 Pearl St NW Suite 1, Grand Rapids MI 49503)
  2. Downtown Development Authority/Monroe North Tax Increment Finance Authority 2nd Informational Meeting – DGRI Office (29 Pearl Street NW Suite 1 Grand Rapids, MI 49503)
  3. Monroe North Tax Increment Finance Authority Board Meeting – Downtown Grand Rapids, Inc (29 Pearl St NW Suite 1, Grand Rapids MI 49503)
  4. Monroe North Tax Increment Finance Authority Board Meeting – Downtown Grand Rapids, Inc (29 Pearl St NW Suite 1, Grand Rapids MI 49503)
  5. Monroe North Tax Increment Finance Authority Board Meeting – Downtown Grand Rapids, Inc (29 Pearl St NW Suite 1, Grand Rapids MI 49503)
  6. Downtown Development Authority/Monroe North Tax Increment Finance Authority 2nd Informational Meeting – DGRI Office (29 Pearl Street NW Suite 1 Grand Rapids, MI 49503)

Fiscal Year 2024 Budget

The MN TIFA Board on April 12, 2023 recommended its Fiscal Year 2024 Budget to City Commission, which approved the proposal on May 8, 2023. The MN TIFA adopted the FY24 budget on June 12, 2023. The 2024 Fiscal Year runs from July 1, 2023 to June 30, 2024.

Financial Audits

All financial audits are conducted in accordance with generally accepted auditing standards in the United States of America.

Annual Report to State of Michigan

The format of this report is presented consistent with state reporting standards.

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.