Tax Increment Financing at work
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Montrose/Clarendon TIF proposal

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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))

Apr 13, 2016 TIF Funds Approved for School Improvement Projects
Mar 16, 2016 TIF Approved for Mixed-Use Redevelopment Project in Portage Park
Feb 10, 2016 TIF Will Finance New Near South Side Park
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

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

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Tax Increment Financing

Streamlined Tax Increment Financing

Small Business Improvement Fund

Riverfront Improvement Fund

Laboratory Facilities Fund

TIFWorks

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Planning and Development


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