Technical Assistance


CDFA Tax Increment Finance Update - August 22, 2023

Having trouble viewing this newsletter? View it online.
Tax Increment Finance Update
August 22, 2023
View Archives
Tax Increment Finance Update


Bricktown Boardwalk Project Moves Forward in Oklahoma City, OK
The Bricktown Boardwalk project is moving forward. It could become one of Oklahoma City's largest tax increment financing agreements. The $736 million development would include housing, a hotel, retail space, as well as two underground parking garages. The 25-year tax increment funding proposal offers up to $200 million in property tax rebates and up to $5.5 million in sales tax rebates.

Whiteland, IN Approves 2nd $7.3M TIF Bond for Patch Mixed-Use Development
Construction on a massive mixed-use development in Whiteland started a year ago, and now developers say they are ready to move to phase two. The Whiteland Town Council approved a $7.3 million bond to finance the second part of the Gateway at Whiteland mixed-use development. Both bonds will be paid back entirely with money from tax increment finance (TIF).

$2B Brookridge Redevelopment in Kansas City, MO Starts Construction with TIF
Work has started on the long-stalled $2 billion Brookridge redevelopment, nine years after the Overland Park project was proposed. The 20-year tax increment finance (TIF) agreement will redirect increases in property taxes to pay for development costs, and the CID allows for an additional 1.5% sales tax in the district.

900 Apartment Units Planned at Wauwatosa, WI's Mayfair Mall with TIF
Wauwatosa officials revealed plans to build a total of 906 apartment units through a $57.9 million development plan for the former Boston Store at Mayfair Mall. City officials proposed a new tax increment district (TID), which will be reviewed by the Joint Review Board.

Darwin Elementary's $10M Renovation Is Underway in Chicago, IL Thanks to TIF
Construction crews have taken over Darwin Elementary, bringing upgrades to the Logan Square school. The City Council signed off on the massive renovation by allocating $10 million in tax increment finance (TIF) to the neighborhood restoration project, clearing the way for construction.

TIF Proposed for Carpenter Warehouse Renovations in Des Moines, IA
A proposed historic renovation of a downtown Des Moines warehouse building would receive up to $6.4 million in financial incentives from the city under a development agreement. The proposed $21.9 million renovation also includes landscaping and parking lot improvements. The proposed tax increment financial (TIF) incentive would be paid over 20 years,

Downtown Denison, TX Project Financed with TIF
The City of Denison cut the ribbon to celebrate the completion of phase one of the Designing Downtown Denison project. The $18 million makeover was funded through a tax increment reinvestment zone. This is the first of three phases that will eventually revitalize Main Street from Houston Avenue to Armstrong Avenue.

Upcoming Events
Intro Tax Credit Finance Course

CDFA Food Systems Finance Webinar Series: Investment Tools & Food Systems
August 29, 2023 - 2:00 PM - 3:30 PM Eastern
In this installment of the CDFA Food Systems Finance Webinar Series, we explore how programs at the state and federal levels can offer unique financing solutions and catalyze investment in local and regional food systems.

CDFA Minority Capital Loan Guarantee Program: Behavioral Change Strategy Workshop
September 7, 2023 - 1:00 PM - 4:00 PM Eastern
The CDFA Minority Capital Loan Guarantee Program: Behavioral Change Strategy Workshop will provide development finance agencies (DFAs) enrolled in the second tranche of the Program with detailed instruction and guidance geared toward the development of their behavioral change strategies. The workshop will also include an equitable lending presentation and a discussion of best practices for unlocking capital for underserved borrowers.

Tax Increment Finance News

Turning Offices into Homes with Development Finance Tools
The Philadelphia Citizen | Aug. 14 | Economic Development | Housing Finance | Tax Credits | Tax Increment Finance (TIF)

Logan Square in Chicago, IL Gets Fully Affordable Housing Project
The Real Deal | Aug. 11 | Community Development | Housing Finance | Redevelopment | Tax Increment Finance (TIF)

Wichita, KS City Council to Revisit Deal to Develop Land Around Riverfront Stadium
KWCH | Aug. 11 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

St. Paul, MN City Council Approves $21M TIF District for Landmark Towers
Yahoo! Finance | Aug. 9 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Decatur, IL City Council Explores Creation of New TIF District in Urban Core
Herald & Review | Aug. 8 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Houston, TX Considers First-Ever Policy to Regulate How to Create and Terminate TIRZs
Houston Chronicle | Aug. 8 | Legislative | Local Finance Program | Redevelopment | Tax Increment Finance (TIF)

Work Begins on New Chippewa Crossing Hotel in Chippewa Falls, WI with Help of TIF
Lacrosse Tribune | Aug. 7 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Michigan EGLE Funding to Help Turn Former Industrial Site in Chelsea, MI into a New Park
State of Michigan | Aug. 7 | Brownfield Financing | Community Development | Redevelopment | Tax Increment Finance (TIF)

Chicago, IL Unveils Preliminary Plan For 606 Trail Extension Funded with TIF
Block Club Chicago | Aug. 3 | Green Finance | Redevelopment | Tax Increment Finance (TIF)

How Huntsville, AL's $76M Office Park Investment is Paying Off
The Birmingham News | Aug. 3 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Affordable Housing Development Financed with TIF Breaks Ground in Chicago, IL
Block Club Chicago | Aug. 1 | Bond Finance | Housing Finance | Redevelopment | Tax Credits | Tax Increment Finance (TIF)

After $17M Revamp, Two Omaha, NE Historic Sites are Set to Open as Affordable Housing
Nebraska Examiner | Jul. 31 | Historic Preservation | Housing Finance | Redevelopment | Tax Credits | Tax Increment Finance (TIF)

Albert Lea, MN Votes to Pay Portion of Added Parking with TIF
Alberta Lea Tribune | Jul. 28 | Community Development | Infrastructure Finance | Tax Increment Finance (TIF)

TIF Districts Extended for Monongalia County Developments in Morgantown, WV
West Virginia Metro News | Jul. 28 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300


Displaying 1 - 30 of 162

April 23, 2024
March 26, 2024
February 27, 2024
January 23, 2024
December 26, 2023
November 28, 2023
October 24, 2023
September 26, 2023
August 22, 2023
July 25, 2023
June 27, 2023
May 23, 2023
April 25, 2023
March 28, 2023
February 28, 2023
January 24, 2023
December 27, 2022
November 22, 2022
October 25, 2022
September 27, 2022
August 23, 2022
July 26, 2022
June 28, 2022
May 24, 2022
April 26, 2022
March 22, 2022
February 22, 2022
January 25, 2022
December 28, 2021
November 23, 2021

CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a Sponsor