A key step in the creation of Omaha's proposed streetcar system will come before the City Council with the request of up to $354 million in tax-increment financing. City Council members will consider a redevelopment agreement between the City and the Omaha Streetcar Authority that outlines guidelines for the creation and funding of the proposed streetcar project, including the use of TIF.

CDFA Virtual Summer School is a week-long series of courses presented by the CDFA Training Institute. CDFA Virtual Summer School will offer three different training courses, all held online. Learn from our 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 Program! Scholarships are available to attend this event.

Madison is looking to use TIF to fund low-cost housing and infrastructure near downtown and state street. TIF would deliver funds for State Street amenities, repairs and upgrades; $4.2 million in grants to small businesses that suffered during the COVID-19 pandemic and social protests of 2020; and $15 million to help finance public elements of the proposed, roughly $140 million redevelopment of the State Street-Campus Garage.

Finance Director Penny Smith said Huntsville TIFs have contributed directly to continued growth and public improvements. TIFs allow municipalities to borrow money for projects within a designated district and then repay bonds using property tax proceeds. Utilizing TIF proceeds also positively impacts the City's financial footing, as rating agencies view a successful TIF as a sign of a stable local economy.

Kentucky economic development officials have signed off on a plan that will allow Covington to set up a $45.5 million tax-increment financing district that includes the site of a former Internal Revenue Service facility. Leaders in the Northern Kentucky city across the Ohio River from Cincinnati plan to redevelop a 31.6-acre tract next to the Northern Kentucky Convention Center. The IRS data processing center, which closed in 2019, encompasses 23 acres of that plot.

The Community Development Agency approved a development agreement for the construction of senior townhomes along the newly paved portion of 18th St. in northwest Lexington. Hamilton Builders is requesting around $650,000.00 in tax increment financing (TIF) funds. Without the TIF funds, the project could not go forward due to financiers' concerns about the ongoing supply chain issues and rising inflation.

Worthington City Council has approved an economic-development grant and tax-increment-financing package to facilitate work on the High North project proposal. Council earmarked a $2.5 million grant to help developer Direct Retail Partners with construction of a portion of the High North proposal, which aims to rebrand and redevelop the Shops at Worthington Place mall at 7227 N. High St. into a mixed-use commercial space.

A dilapidated building on North 24th Street will enter its second act after renovations transform the space into a theater. The $6.4 million project is on track to move forward after the Omaha City Council's approval of $354,672 in tax-increment financing.

CDFA // BNY Mellon Development Finance Webcast Series: Development Finance and the Cannabis Industry
Tuesday, July 19, 2022 - 2:00 PM - 3:00 PM Eastern

CDFA Infrastructure Finance Learning Series: Preparing for Federal Grant Applications
Tuesday, August 9, 2022 - 1:00 PM - 4:00 PM Eastern

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