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.
|Jan 21, 2015||TIF Proposed for a Pair of CTA Blue Line Station Renovation Projects|
|Dec 10, 2014||Intergovernmental Agreement and TIF Funding Would Support Robert Lindblom Math And Science Academy|
|Dec 10, 2014||TIF Will Support Development of New South Side Tennis Facility|
|Nov 5, 2014||TIF Will Support Development of South Side Arts and Recreation Center|
|Nov 5, 2014||TIF, Land Transfer Would Support Morgan Park - Beverly Sports Center|
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