Near North TIF

Designation: 1997    Expiration: 2020


The Near North TIF was designated to support the transformation of the Cabrini-Green public housing complex and adjacent bighted properties into a healthy, mixed-income community that's connected to adjacent Near North Side neighborhoods. At the time of its designation, the 340-acre district was characterized by partially occupied high- and mid-rise housing projects, irregular lot sizes and street patterns, vacant lots, and random institutional and open space uses. Private investment in the area was non-existent due to the abundance of publicly-owned properties. The TIF is designed to provide resources to revitalize the area with new mixed-income townhomes, single-family houses, multi-unit buildings, new commercial facilities and institutional projects. Funds are targeted to support land assembly and demolition efforts, rehabilitation costs, public works improvements, job training initiatives, and relocation assistance.

 

Redevelopment Plan (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
Projection Report (Data Portal)

 

Near North TIF district, roughly bounded on the north by North Avenue, Chicago Avenue on the south, Wells Street on the east, and Kingsbury Street and the North Branch of the Chicago River on the west.

PROJECTS

Franklin Elementary School

Payton High School

 Clybourn Division

Stanton Park

West Chicago Avenue Fieldhouse

Parkside Old Town Phase IIB

Lakefront Supportive Housing

 

North Town Village II

 

Parkside Old Town I

 

Parkside Old Town II

 

 River Village

 

River Village Town Homes and Lofts

 

Kingsbury Larrabee River Villages

 Supporting Information Facts

 I Want To