To date, Atlanta Beltline Inc., Invest Atlanta and its partners have funded 2,565 affordable housing units in the Beltline tax allocation district and planning area. The target is 5,600 units by 2030.

The design and future improvements will be financed using a Tax Increment Reinvestment Zone, created in 2016. The zone encompasses the majority of downtown Denison and portions of Morton Street and will be used to collect funds from future property tax growth in the district. City staff said more than $165,000 has been collected through the TIRZ.

The Small Business Development & Impact Investing White Paper documents the potential for DFAs and Impact Investors to fill the capital gaps facing small businesses, and enable small businesses to grow, create jobs and spur economic and community development.

The Phoenix Theatre is hoping to get some help from the city of Indianapolis to finalize financing for its $11 million new home. The theatre hopes to finance the project through a $4.5 million bond backed by the city and an allocation of federal New Markets Tax Credits that could generate $2.5 million in equity.

Rio Nuevo is a Tax Increment Financing district in Tucson. Sponsored by Finchem, the bill overwhelmingly passed both chambers of the state legislature. A recent economic analysis of the district shows that for every $1 the state invests in the district, $10 in private investment was made. 

A bill to establish a medical district in downtown Duluth and encourage $1 billion in investment through a private-public partnership. The package of tax incentives, $184 million in state funding and $20 million from the city, would complement Essentia's own $800 million campus upgrade — an investment the health system calls "historic" and a springboard for further housing and commercial development downtown.

The Manhattan City Commission provided consensus Tuesday for administrators to create a community improvement district policy. The state approved the Community Improvement District (CID) Act in 2009, allowing a district to establish a new revenue source to finance public or private real estate development within a city or county.

In this article from the Capital Journal, the nuances of TIF and its many uses are analyzed by comparing two Fort Pierre TIF districts. TIF District 5, is just two years old and is just beginning to generate revenue while TIF District 2 was established almost 10 years ago, but was dissolved by the City Council last year.

Morgan Stanley will run the books on several deals that are part of about $360 million in local government borrowing planned for the $10 billion Foxconn manufacturing plant in SE Wisconsin.The local borrowing is part of $764 million in local incentives struck under a development agreement with Foxconn.

The developer has also asked First-Ring Industrial Redevelopment Enterprise Inc. for a $10 million allocation of New Market Tax Credits which will allow for about $2.3 million in low interest and interest-only loan payments for seven years. Phase two the Cobalt Partners project will include to new parking structures for which the developer has indicated there will be a request for an additional $10 million to $15 million in tax incremental financing.

Learn More About CDFA's Free Technical Assistance for Brownfields
May 10, 2018 - 1:00 PM Eastern

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TIF, also known as TIRZ in Texas, is a flexible tool with multiple variations as to the specific revenue sources it can generate and the different ways these revenues are used to support projects financings. During this webinar, presenters will discuss the typical sources for TIRZ repayments including: property tax, sales tax, and special assessments. Our experts will also address the range of ways in which TIRZ funds can be made available to fund projects during or after construction. This webinar will bring TIRZ deal-making and best practices into focus and explore creative ways to maximize this tool in the Lone Star State. 

Policy brief prepared by MZ Strategies, LLC for the McKnight Foundation Region and Communities Program. Each of the three case studies is discussed in the following pages with information pulled from financial materials, news articles and interviews with developers, city staff and other involved funding partners.

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