Tax Increment Financing at work
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Tax Increment Financing (TIF)

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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))

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

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

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Tax Increment Financing

Streamlined Tax Increment Financing

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