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 30, 2014||TIF Will Support Improvements to Swedish Covenant Hospital|
|Jun 25, 2014||TIF Funds Approved for Improvements to Three West Side Schools|
|Apr 30, 2014||New Social Services Complex Approved for North Lawndale|
|Apr 30, 2014||Financial Measures Will Support Five School Improvement Projects|
|Apr 2, 2014||TIF Proposed For Northwest Side Distribution Facility|
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