Tax Increment Financing (TIF) is a special funding tool used by the City of Chicago to promote public and private investment across the city. Funds are used to build and repair roads and infrastructure, clean polluted land and put vacant properties back to productive use, usually in conjunction with private development projects. Many other communities have adopted similar policies.
Access ResourceTax Increment Financing
Resource Name: City of Chicago, Tax Increment Financing
Category: Funding
Region: Great Lakes
Year: Current
Source: City of Chicago