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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.

Most Recent News (Tax Increment Financing (TIF))

Nov 18, 2015 Plan Approved to Terminate TIF District on Near West Side
Nov 18, 2015 TIF Proposals Would Terminate District on South Side, Expand District on Near West Side
Nov 18, 2015 TIF Would Enable New Roof at Welles Park Field House
Oct 14, 2015 TIF Approved for South Side School Improvement Projects
Oct 14, 2015 Plan Will Amend, Refine Five TIF Districts

View all News Releases (Tax Increment Financing (TIF))


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