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.
|Oct 8, 2014||New South Side TIF District Will Support Housing Rehabilitation, Stabilization, and Public Works|
|Oct 8, 2014||TIF Approved for Advanced Manufacturing Hub|
|Oct 8, 2014||TIF Will Support North Lawndale Hospital Improvements|
|Oct 8, 2014||TIF Would Support Development of South Side Arts and Recreation Center|
|Sep 10, 2014||TIF Assistance Approved for Beverly Restaurant and Retail Building|
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