Tax Increment Financing (TIF) is a special funding tool used by the City of Chicago to promote public and private investment across the city. Funds are used to build and repair roads and infrastructure, clean polluted land and put vacant properties back to productive use, usually in conjunction with private development projects. Funds are generated by growth in the Equalized Assessed Valuation (EAV) of properties within a designated district over a 23-year period. (more...)
See below for detailed information about the city's individual TIF districts, including plans, annual reports, redevelopment agreements and recent news.
|Sep 10, 2014||New TIF District Proposed For South Side Would Support Housing Rehabilitation, Stabilization, and Public Works|
|Sep 10, 2014||TIF Assistance Approved for Beverly Restaurant and Retail Building|
|Sep 10, 2014||TIF Proposed for Advanced Manufacturing Hub|
|Sep 10, 2014||TIF Would Support North Lawndale Hospital Improvements|
|Jul 30, 2014||TIF Will Support Improvements to Swedish Covenant Hospital|
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