Tax Increment Financing (TIF)

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.

District Projection Reports (Open Data) (PDF)
Small Business Improvement Fund (SBIF) Completed Grants (Open Data) (PDF)

Most Recent News (Tax Increment Financing (TIF))

Jan 18, 2012	Land Sales Proposed for South and West Side Schools
Jan 18, 2012	TIF Assistance Proposed for Expanded Logistics Headquarters
Jan 18, 2012	TIF Would Support New Biotech Lab In Stockyards Industrial Corridor
Nov 16, 2011	TIF Funds Approved for Improvements to Three Schools
Nov 2, 2011	TIF Approved for School and Library Improvements