Austin Commercial TIF
|Designation: 2007 Expiration: 2031
The Austin Commercial TIF district encompasses four main commercial corridors within the community that suffer from vacancies, dilapidation and various non-retail uses. The goal of the TIF is to help transition portions of North Avenue, Division Street, Chicago Avenue, and Central Avenue into strong and viable shopping districts that serve Austin's residential community and, in turn, fosters residential investment. As a means of attracting viable regional and local stores to the area, TIF funds are intended to support the assembly of land into sufficient sizes for contemporary projects, also to rehabilitate existing structures. Additionally, the 256-acre district is designed to support new infrastructure improvements and corridor beautification efforts, and to provide incentives for residential projects that accommodate the community's low-income residents.
Redevelopment Plan (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
10-Year Status Report
No projects to report at this time.