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New WI Law Changes Rules for Distressed TIF Districts
Governor Walker signed Senate Bill 55 into law. This new law expands the number of tax incremental finance (TIF) districts that may be designated as distressed or severely distressed. Senate Bill 55 also repeals the requirement that a TIF district must be in existence for seven years in order to qualify for distressed status, among other changes.
NY Senate Approves TIF Financing Reform
The NY State Senate approved a bill this week that would reform the state's tax increment finance statute. This article by Michael DeMasi of The Business Review notes that, if passed, the law could make the financing tool a viable option for the state by allowing school districts to opt-in to TIF.
CDFA TIF Coalition Webcast Series
The CDFA-Stone & Youngberg Tax Increment Finance Webcast Series is a special six-part national webcast series focused on tax increment finance featuring timely discussions and presentations concerning the emerging use of TIF as a catalyst for local economic development. Tax increment finance has become the most widely used and successful financing tool in the economic development toolbox with nearly every U.S. state, district and territory now having authorizing statutes. This transformational tool has been proven to be a driving force in redevelopment, reuse, urban and suburban infill, job creation, and investment growth throughout the country. The CDFA-Stone & Youngberg Tax Increment Finance Webcast Series will explore the most pressing TIF issues facing the industry today and will peel back the myths and misinformation in the TIF process. The webcast series is free to join and is part of CDFA’s ongoing leadership efforts to promote the sound use of tax increment finance.
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| Upcoming Events |
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| TIF Headlines |
Healthcare Co. Expands in City with TIF Grants
ABC Newspapers | Feb. 3 | Tax Increment Finance (TIF)
Report: MN Responsible for $410M in TIF Debt
Finance & Commerce | Feb. 3 | Bond Finance | Tax Increment Finance (TIF)
2012 CDFA Excellence in Development Finance Awards: Call for Entries & Nominations
CDFA | Feb. 2 | Access to Capital | Bond Finance | Energy Finance | Innovation Finance | Local Finance Program | State Finance Program | Tax Credits | Tax Increment Finance (TIF)
CA Gov. Names Panel to Dismantle Los Angeles RDA
Los Angeles Times | Feb. 2 | Tax Increment Finance (TIF)
Denver OKs TIF for Development District
Denver Business Journal | Feb. 1 | Tax Increment Finance (TIF)
CA Redevelopment Funding Ends: What About Affordable Housing?
Sacramento Bee | Feb. 1 | Community Development | Tax Increment Finance (TIF)
Companies Decline $33M in City TIF Funds
Crain's Chicago Business | Jan. 31 | Member News | Tax Increment Finance (TIF)
Six New CDFA-Stone & Youngberg TIF Webcasts Confirmed for 2012
CDFA | Jan. 31 | Tax Increment Finance (TIF) | Webcasts
CDFA 2012 National Development Finance Summit - Register TODAY
CDFA | Jan. 31 | Access to Capital | Bond Finance | Brownfield Financing | Energy Finance | Federal | Infrastructure Finance | Innovation Finance | Legislative | Local Finance Program | Rural Development | State Finance Program | Tax Credits | Tax Increment Finance (TIF) | Webcasts
Go Long to Measure True Cost of a Stadium
Minneapolis Star Tribune | Jan. 30 | Local Finance Program | Tax Increment Finance (TIF)
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| New Additions to the Online Resource Database |
Understanding Development Finance
Access to Capital | Bond Finance | Development Finance Toolbox | Economic Development | Federal | Revolving Loan Funds (RLFs) | SBA CDC 504 Loan Program | SBA Microloan Program | Tax Abatements | Tax Credits | Tax Increment Finance (TIF) | Understanding Access to Capital | Understanding Bonds | Understanding Revolving Loan Funds (RLFs) | Understanding Tax Credits | Understanding TIF | U.S. Small Business Administration (SBA)
This presentation by Toby Rittner of CDFA covers the development finance toolbox approach to economic development, overviewing bedrock, targeted, investment, lending, and support finance tools.
Tax Increment Financing and the City of Milwaukee
Tax Increment Finance (TIF) | TIF Case Studies | Understanding TIF
Milwaukee's approach to tax increment financing is presented by Dave Misky, who also provides information about specific city districts and projects.
Targeted Tools: Tax Increment Finance
Special District Finance (SIDs-BIDs-NIDs-TIDS-etc.) | Tax Increment Finance (TIF) | Understanding TIF
Price D. Finley of Bricker & Eckler LLP covers tax increment finance and special assessment districts in this presentation overviewing targeted redevelopment tools.
Implementing the Development Finance Toolbox in Allegheny County
Bond Finance | Brownfield Financing | Brownfield Financing Case Studies | Development Finance Toolbox | Economic Development | Local Finance Program | Tax Increment Finance (TIF)
This presentation by Samuel Bozzolla of Allegheny County Economic Development discusses how the county applies the entire economic development finance toolbox, particularly with regard to bonds, brownfields, and TIF.
TAD Project Selection and Bond Issuance Process
Bond Finance | Tax Increment Finance (TIF) | TIF Bond Process | TIF Policies & Procedures
The Atlanta Development Authority provides this flow chart to define the process by which projects are selected for funding within a Tax Allocation District (TAD).
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| About the Coalition |
In 2005, CDFA established the Tax Increment Finance Coalition (TIFC) which has become the leading advocate for the sound use of tax increment financing. The TIFC has, from its inception, and continues to provide a national forum for TIF users, service providers, and industry experts to share ideas, provide education, exchange knowledge and promulgate best practices for this tool. The Coalition continues to develop and enhance CDFA's resources collection related to this tool which provides one singular clearinghouse of publications, research, documentation, and state statutes, among other important and helpful resources.
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, TIRZ, 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.
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