Department of Planning and Development Banner
City Services

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

 

 

      Grants are paid in annual installments to participants following project completion. The grants do not have to be repaid. Expenses eligible for TIF grants include:



  • 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.