To build the fields, the city plans to extend a tax-increment financing, or TIF, district in the Northland to provide $17 million to the project. Kansas City would also issue $25 million in special obligation bonds — repaid by capital improvements and parks sales taxes — to provide $25 million.

The Saco City Council has approved a new COVID-19 emergency loan fund to help local businesses and nonprofits. Funds for this program will come from the City of Saco's Tax Increment Financing (TIF) District revenues, and the program will be administered by the Southern Maine Finance Agency.

Council will be asked to approve an ordinance that would dissolve the expansive Joplin Recovery Tax Increment Financing District. It was established in 2012 after the Joplin tornado to generate money for recovery projects. Termination of the 3,100-acre district — said to be the largest ever created in Missouri — will free up sales and property taxes that went into the TIF to go to the city, the Joplin School District, and others.

The Board of Selectmen and Board of Finance have set the 2020-21 Tax Increment Fund budget at $223,000. This year, the town has used the fund for the downtown TIF microloan program, which funded start-up and existing small businesses, maintenance for the new lower canal trail picnic area, and a consultant for a public market business plan.

The Janesville City Council voted to tweak its multifamily residential tax increment finance policies to prioritize development downtown and in other areas within the city. The city made TIF assistance available for multifamily residential projects after a 2018 housing summit.

Both projects require city subsidies, mainly tax-increment financing that would allow property taxes on the development to be used to help cover project costs — 16 years worth of property tax payments for Cohen-Esrey and 20 years for SWMHP.

The tower's deteriorating condition in recent years has caused its assessed value to drop, negatively impacting revenue coming into the Downtown Tax Increment Financing District. Because of that, city officials have sought to remove the Fifth & Main property from the Downtown TIF and make it its own tax increment finance district.

Development finance has always been at the forefront of recovering from natural disasters and economic challenges. The emergence of the COVID-19 crisis requires a unique and targeted response by the federal government, state and local development finance agencies (DFAs), private banks, and philanthropy. The following set of strategies and recommendations is designed to help DFAs evaluate their portfolios and determine whether modifications are needed for their bonds, tax increment finance, and revolving loan fund programs.

CDFA-ARI Rural Finance Webinar Series: Tools, Programs, and Opportunities Within Rural America
Wednesday, May 6, 2020 - 1:00 PM - 2:30 PM Central

CDFA-Bricker PACE Webinar Series: PACE 101 - The Basics of PACE Financing
Tuesday, May 12, 2020 - 11:00 AM - 1:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Historic Preservation Financing
Tuesday, May 19, 2020 - 1:00 PM Eastern

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