Streamlined Tax Increment Financing

The Sreamlined-TIF program provides expedited access to valuable grants for the improvement of industrial, commercial, retail or residential mixed-use properties in Tax Increment Financing (TIF) districts citywide. The program incorporates an easy-to-use application form and efficient approval process to pay up to 25 percent of renovation, expansion, or redevelopment costs. Assistance ranges from $25,000 to $1,000,000.

Available for download:

Streamlined-TIF Application

TIF Interested Parties Registery

Land acquisition, clearance and site preparation
Certain environmental remediation measures
Building rehabilitation and repair
Signs or awnings that are permanently affixed to the building
Rehabilitation and remodeling of existing tenant improvements
Streets, streetscaping and other public infrastructure improvements
Professional fees related to the redevelopment project
Up to 30 percent of an applicant's construction period interest costs
Job training and Welfare-to-Work programs

Objective
To provide expedited access to TIF assistance for certain urban development projects.

Qualifications and Restrictions
Proposals must demonstrate a need for TIF assistance. Expenses not eligible for grants include: new construction, initial tenant build outs, minor repairs or improvements, purchase of equipment, and minor site improvements. Wholly residential projects are not eligible for the Streamlined process.