About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA Tax Increment Finance Update - April 25, 2023

Having trouble viewing this newsletter? View it online.
Tax Increment Finance Update
April 25, 2023
Subscribe
View Archives
Tax Increment Finance Update

Features

Join CDFA for the Return of the Revolving Loan Fund Training Course Week!
Revolving Loan Fund Week is coming up next week, with the Intro Revolving Loan Fund Course on May 1-2 followed by the Advanced Revolving Loan Fund Course on May 3-4. Register for one or both of these courses to learn from experts about developing, implementing, and managing revolving loan fund programs that are efficient and impactful.

Financing Lined Up for Cleveland, OH High-Rise Apartment, Hotel Building
Bridgeworks, a mixed-use high-rise planned in Cleveland's Ohio City neighborhood, has received approval on bond financing from the Port of Cleveland. Two bond financing resolutions were passed by the Port of Cleveland to aid Mass Design Group, M. Panzica Development, and GramMar in constructing the 15-story building.

Tennessee Expands Brownfield Redevelopment Incentives
For the third time in four years, Tennessee has expanded brownfield redevelopment incentives. Gov. Bill Lee signed into law SB0271, legislation amending brownfield redevelopment laws related to franchise and excise (F&E) tax credits and tax increment financing (TIF).

$8.2M Perimeter Road Project Approved in Princeton, IN
Gibson County Redevelopment Commission members approved $8.2 million in Patoka-Union Township tax increment finance revenue for Tulip Tree Drive and county-owned feeder roads into the Toyota plant, to be accomplished in 2025 and possibly 2026.

Montana Lawmakers Debate Tax Increment Financing
Senate Bill 523 would remove school levies from the calculation of the tax increment. It would also limit TIF provisions to 30 years and would require the local governing body, like a city council, to approve all expenditures of TIF.

Covington, KY Report Details Positive Economic Progress for City in 2022
Covington's Economic Development Department recently published its annual impact report, highlighting a successful year for the city in job creation, capital investment, and small business incentives. Some notable numbers detailed in the report include the city taking in over $44 billion in private capital investment and creating over 1,000 new jobs.

SB 251 to Have Big Impact on Future Redevelopment of Downtown Albuquerque, NM
Legislation approved this session aims to improve metropolitan redevelopment across the state by expanding funding for projects in blighted areas. The legislation, Senate Bill 251, passed through the Senate and House. It was signed by Gov. Michelle Lujan Grisham.

Colorado Springs, CO Affordable Housing Complex Intended as a 'Connection with the Community'
A large affordable-housing complex in southeast Colorado Springs will be celebrated by developers and community supporters with a groundbreaking ceremony. Panorama Heights will add 133 apartments to the inventory-distressed low- to moderate-income market. The $45 million Panorama Heights is the first affordable housing development in Colorado Springs to obtain tax increment financing.

Upcoming Events
Intro Revolving Loan Fund Course

CDFA Tribal Finance Webinar Series: Promoting Access to Capital for Tribal Small Businesses
May 9, 2023 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Tribal Financing Webinar Series, development finance experts will highlight a variety of finance programs that are helping to increase access to capital for new and existing small business owners.

CDFA // BNY Mellon Development Finance Webcast Series: Financing Charter Schools Through Bond Finance and P3
May 16, 2023 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, presenters will share how charter schools are partnering with private entities to use bond finance and public-private partnership approaches to better provide the facilities needed to support learning outcomes.

Tax Increment Finance News

Bonham, TX Developing Plan for Tax Increment Reinvestment Zone
North Texas e-News | Apr. 20 | Redevelopment | Rural Development | Tax Increment Finance (TIF)

Plan Considered for New Downtown Apartment Complex in Norfolk, NE
Norfolk NE Radio | Apr. 20 | Economic Development | Housing Finance | Redevelopment | Tax Increment Finance (TIF)

Urban Equity Buys Elgin Tower Out of Foreclosure in Chicago, IL
The Real Deal | Apr. 20 | Housing Finance | Redevelopment | Tax Increment Finance (TIF)

Centerra South Proposal Clears Hurdle at Loveland, CO City Council
Loveland Reporter-Herald | Apr. 19 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

A Tale of Roads and TIF Districts in Fergus Falls, MN
Fergus Falls Journal | Apr. 18 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Traverse City, MI DDA Plans for Upcoming Downtown Projects
Traverse Ticker | Apr. 17 | Community Development | Local Finance Program | Redevelopment | Tax Increment Finance (TIF)

5-Year Tax Break OK'd for Rehab of Vacant Industrial Site in Washtenaw, MI
MLive | Apr. 14 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Block 25 Lofts in Willmar, MN a Finalist for Brownfield Cleanup Award
West Central Tribune | Apr. 14 | Economic Development | Housing Finance | Redevelopment | Tax Increment Finance (TIF)

Big Apartment Building Planned In Mishawaka, IN
South Bend Tribune | Apr. 12 | Economic Development | Housing Finance | Redevelopment | Tax Increment Finance (TIF)

Airport TIF District Earnings Continue to Do Well in Terra Haute, IN
The Goshen News | Apr. 12 | Bond Finance | Redevelopment | Tax Increment Finance (TIF)

Naugatuck, CT Sets Up TIF District
Citizen's News | Apr. 6 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Marshalltown, IA Council OKs Pharmacy TIF
Times-Republican | Apr. 6 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Tax Increment Financing will Draw Investments for South Madison, WI
Badger Herald | Apr. 5 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Chicago, IL is Leading in Office Space to Residential Housing Transitions
Yahoo! Finance | Apr. 4 | Economic Development | Housing Finance | Redevelopment | Tax Increment Finance (TIF)

$53M in Bonds Marked for Fairfield, OH Trade Center Development
Journal-News | Apr. 3 | Bond Finance | Community Development | Economic Development | Tax Increment Finance (TIF)

Davison County, SD Planning and Zoning Commission to Consider TIF District
Mitchell Republic | Apr. 3 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

TIF Approved for Redevelopment of Humboldt Park's Landmark Pioneer Bank in Chicago, IL
The City of Chicago | Apr. 19 | 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
info@cdfa.net

Archives

Displaying 1 - 30 of 163

May 28, 2024
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




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