The Tax Increment Finance-Neighborhood Improvement Program (TIF-NIP) is a Department of Housing and Economic Development (HED) -administered program that has been providing home repair grants in eligible TIF districts since 1999. The program provides home repair grants for both single and multi-family residences. Grants are primarily for exterior repairs however, up to 30 percent of the grant may be used for interior repairs that are health and safety related. Grant amounts are based on the number of units per residence.
Single Family Program
The single family program requires that homeowners have a household income at or below 100 percent of the area median income (AMI). If the household income is between 100% AMI -140% AMI, the homeowner must match, dollar for dollar, the grant amount.
Multi Family Program
The multi family program requires that building owners structure their rents so they are affordable to households at or below 80 percent of AMI.
HED works in collaboration with delegate agencies for administration of the TIF-NIP program. The agencies are responsible for processing grant applications, providing assistance with determining scope of work, aiding in contractor selection, as well as overseeing the repair work and processing payments to the contractors.