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.
|Dec 9, 2015||TIF Will Enable New Roof at Welles Park Field House|
|Dec 9, 2015||Plan Will Expand TIF District on Near West Side|
|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|
|Oct 14, 2015||TIF Approved for South Side School Improvement Projects|
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