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.
|Jul 29, 2015||Amendment Will Extend Read/Dunning TIF District for Additional 12 Years|
|Jun 17, 2015||TIF Approved for Improvements to North Side High School|
|Mar 18, 2015||TIF Proposed for a Pair of CTA Blue Line Station Renovation Projects|
|Dec 10, 2014||Intergovernmental Agreement and TIF Funding Would Support Robert Lindblom Math And Science Academy|
|Dec 10, 2014||TIF Will Support Development of New South Side Tennis Facility|
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