Invest in Your Professional Development at CDFA's Virtual Summer School
CDFA Virtual Summer School is offering three different training courses, all held online during August 1-4. Learn from expert practitioners and experience CDFA's most interactive educational event of the year! These courses also qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program and scholarships are available.
Dalton, GA City Council, School Board Approve Tax Financing for Downtown Hotel
Both the Dalton Board of Education and the Dalton City Council voted to approve an agreement that will provide almost $1 million in tax increment financing for a hotel in downtown Dalton. Because the project is in the downtown tax allocation district (TAD), it is eligible for tax increment financing.
Baltimore, MD Spending Board Approves $39.3M in TIF Bonds for Harbor Point
Baltimore's spending board approved $39.3M more in tax increment finance bonds for the city's Harbor Point development, the final piece of public financing for the high profile waterfront project. In 2013, the city approved $125 million worth of public financing for Harbor Point in what's known as tax increment financing or TIF bonds.
Louisville, KY Urban League Releases Recommendations for West End TIF
A report that the Louisville Urban League commissioned and released this month on the West End Opportunity Partnership urges leaders to partner with current residents, Metro Government, and nonprofits to ensure the tax increment financing district helps - rather than displaces - those living in the area's historic, predominantly Black neighborhoods.
Brownfield Sites in Midtown Cleveland, OH Could Rejuvenate Section of the City
Four brownfield projects in and around the southeastern edge of Midtown Cleveland have received state funding, enhancing their chances of coming to fruition and paving the way for a concentrated revitalization of a blighted area of the city. The highest profile project of the four is the long-vacant Warner and Swasey building near the corner of Carnegie Avenue and East 55th Street.
Bluffton, SC Issues TIF Bond for Capital Improvements in Renovation Project
The town of Bluffton unanimously voted to approve the nearly $60.5 million budget for fiscal year 2023, which includes a proposed TIF bond that will accelerate the much-anticipated completion of the New Riverside Barn Park. This project would renovate the barn to create an event space plus parking, trails, open fields for community events, site furnishings, destination playground, lighting, landscaping, and safety cameras.
Eastside Revival in Oklahoma City, OK
Northeast Oklahoma City could get its first hotel in decades with developers of Eastpoint on NE 23 preparing to build a $26 million boutique operation with a restaurant, bar, event space and retail. The Pivot Project, which along with community builder Sandino Thompson developed Eastpoint, is applying for $3,880,000 in tax increment financing (TIF) for the development.
Aurora, IL Plans Tax Increment Financing District to Fund 246-Unit Apartment Project
A new tax district has been established in Aurora to help fund a new residential project on the western side of the Chicago suburb. Aurora aldermen approved steps to create a new tax increment financing district to help fund a new 246-unit apartment complex on North Broadway. The new district, the East River Bend TIF District, will contribute to the $6.7 million in incentives the city promised to DAC Developments, the group developing the new apartment building.