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.

For more information on the TIFA Board, please click below.

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 below.

The TIFA must periodically amend its Development Plan. The Development Plan dictates the projects and goals that the TIFA wishes to pursue in the coming years.  The TIFA plan is available below.