Tax Increment Finance Resource Center
Tax Increment Finance (TIF) is a mechanism for capturing the future tax benefits of real estate improvements, in order to pay for the present cost of those improvements. TIF is generally used to channel funding toward improvements in distressed or underdeveloped areas where development would not otherwise occur. Tax increment finance is a popular development finance tool generally used to address blight, promote neighborhood stability and inspire district-oriented development.
TIF uses the increased property or sales taxes (increment) generated by new development to finance costs related to the development such as public infrastructure, land acquisition, demolition, and planning. The life of a district can be anywhere from 10-40 years, or enough time to pay back pay back the costs or bonds issued to fund the improvements. The tax increment from a TIF district is created without raising taxes, and also without dipping into the base tax revenues present at the time of adoption. The increment thus becomes a repayment stream for debt used to finance some aspects of what is driving the increase.
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+TIF State-By-State Map
Tax increment finance is a flexible, efficient and effective tool for transformation. CDFA has collected hundreds of case study examples.
CDFA Texas Webinar: Driving Economic Development with TIRZMembers only Login
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.
CDFA & ICSC Tax Increment Financing Video Series: Implementing Tax Increment Financing: Bridge Street - Dublin, OH
The Bridge Street District is a mixed-use development along the Scioto River in Dublin, Ohio that includes restaurants, shops, offices, and residential units, along with several community amenities including parking and a new library. The sixth video in this collaborative series developed by The International Council of Shopping Centers (ICSC) and The Council of Development Finance Agencies (CDFA) looks at how the project was assembled and how TIF was implemented.
CDFA & ICSC Tax Increment Financing Video Series: Implementing Tax Increment Financing: The Joseph
The Joseph is a $75M project that included a 60,000-square-foot building with office and retail space, a 313-space garage and Art Museum in Columbus, Ohio. The fifth video in this collaborative series developed by The International Council of Shopping Centers (ICSC) and The Council of Development Finance Agencies (CDFA) looks at the specific use of TIF as it was implemented for this project along with insight from several different stakeholders involved in the project.
Revitalizing Downtowns with TIFMembers only Login
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TIF is perennially one of the nation’s most effective and popular development finance tools, but also one of its most misunderstood and controversial. The types of projects that TIF supports in Illinois are diverse, making TIF a very flexible financing tool. Fran Rood with SB Friedman
Communities throughout the country use tax increment finance every day and CDFA collects headlines on projects and news daily.
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CDFA publishes two of the only comprehensive guides to tax increment finance. Purchase them today in the CDFA Bookstore.
DFCP Study Pack
The DFCP Complete Book Package contains all of the reference guides to study for the DFCP final exam at a 10% discount.
Tax Increment Finance Best Practices Reference Guide 2nd Edition
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The Tax Increment Finance Best Practices Reference Guide 2nd Edition addresses what TIF is, why it should be used and how best to apply the TIF tool. This guide highlights both TIF and special assessment projects across the country and how they can be applied to address common economic development issues.
The Intro Tax Increment Finance Course
offers an in-depth look at the guiding principles and appropriate application of TIF. This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community including economic developers, public agency representatives, bond issuers, legal professionals, developers, financial advisors, and other stakeholders.
CDFA's Advanced Tax Increment Finance Course
builds upon CDFA's Intro TIF Course by focusing more concretely on structuring the deal and developing short- and long-term policies. You will also learn about performance monitoring, feasibility analysis and using TIF in conjunction with other development finance tools.
Downtown Redevelopment Districts WebcastMembers only Login
This Ohio focused webcast features a discussion on the recently passed the new Downtown Redevelopment District legislation (HB 233) that provides new tools, including property assessment and TIF-like provisions, available to rehabilitate historic buildings, promote economic development, and advance innovation.