Downtown Rockford is changing quickly, with some $40M in renovations underway and $15M in the works. All of this work involves historic buildings, and all of it uses the federal historic rehabilitation tax credit, which returns 20% of the cost of building restoration to developers.

Centegra Health System has received approval from Illinois Finance Authority to issue up to $133M in debt to build a hospital in northwest suburban Huntley, ending months of delays as the project was held up in court by rival hospitals.

Governing's Week in Public Finance covers Chicago's credit-worthiness, the attack on muni bonds' tax-free status, and S&P raising the credit ratings of two New England cities.

Changes lie ahead for the state's historic tax credit program, a financial tool that's supposed to spur an urban renaissance in five Illinois cities.

May 7, 2014 - Chicago, Illinois
Join the CDFA Illinois Financing Roundtable for a one-day conference on "Leveraging Assets, Maximizing Resources and Building the Illinois Economy." This event will feature a number of economic development finance experts from around the state discussing new development finance tools, authorities, resources and approaches, and how these can affect the Illinois economy going forward.

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This report examines the potential rehabilitation of historic buildings using a proposed 20% statewide historic tax credit, based on financial information that indicates these projects are stalled but could potentially move forward with a state-level tax credit incentive.

S.B. Friedman published this summary detailing how Economic Incentive Agreements (also known as "Sales Tax Sharing Agreements") work, along with required findings, eligible costs and other considerations.

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