CDFA - Tax Increment Finance Coalition (TIFC) Overview

OVERVIEW

CDFA has taken the lead nationally to bring the tax increment finance industry together through the creation of the Tax Increment Finance Coalition (TIFC). The TIFC is a standing coalition within CDFA dedicated to professionals and organizations working in the tax increment finance industry.

Tax increment financing is one of the most widely used forms of development finance today. Forty-nine states have enabling legislation for TIF (also known as TAD, RAD, DIF, etc.) and new projects are taking shape all the time. In developing the TIFC, CDFA becomes the first national organization to address tax increment financing head on.

OBJECTIVES

To provide a national forum for tax increment finance users, service providers and industry experts to share ideas, knowledge and best practices in the industry.

To create one singular clearinghouse of resources, publications, research, documentation, state statutes, etc. for finance professionals and economic developers to explore and learn about tax increment finance.

To educate users, service providers and others on the application of tax increment finance in their community through training, best practices, technical assistance and mentoring.

To give the tax increment finance industry a national voice for representing and advocating for the sound use of this important economic development tool.

Please visit the above links to learn more about participating in TIFC, or contact CDFA.

STRATEGIC PLAN

The following outlines CDFA’s strategic plan for developing the TIFC and building the knowledge and expertise in serving the tax increment community.

February 2006 - April 2006 (0-3 months)

Design and assemble an on-line resource database for the TIF industry
Build a "glossary of terms" for the TIF industry to be major part of on-line resource database
Collect state statutes/regulations for each state with authority for TIF or similar financing tool
Design 1/2 day workshop for 2006 CDFA Annual Development Finance Summit (May 31, 2006)

May 2006 - October 2006 (4-9 months)

Launch the new on-line resource database for the TIF industry (Early May 2006)
Conduct 1/2 day TIF workshop as part of 2006 CDFA Annual Summit (May 31, 2006)
Beginning development of one/two day intro level training course
Produce first research piece on industry topic (October 2006)
Second Annual Meeting of TIFC (October 2006)

Coming in 2007…

Host two-day TIF training course
Third Annual Meeting of TIFC in conjunction with CDFA Annual Summit (May 2007)

Council of Development Finance Agencies
815 Superior Avenue
Suite 1301
Cleveland, Ohio 44114
Phone: (216) 920-3073
Fax: (216) 771-4938
E-mail: info@cdfa.net