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.
|Mar 13, 2013||TIF Approved for Bryn Mawr Red Line Station Improvements|
|Mar 13, 2013||TIF Approved for Next Phase of Pullman Retail Project|
|Mar 13, 2013||TIF Approved for Jones College Prep Building Enhancements|
|Feb 13, 2013||TIF Approved for New Chinatown Branch Library|
|Feb 13, 2013||Microbrewery On Tap For Motor Row|
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