Tax Increment Financing (TIF)
Tax Increment Financing (TIF) is a special funding tool used by the City of Chicago to promote public and private investment across the city. Funds are used to build and repair roads and infrastructure, clean polluted land and put vacant properties back to productive use, usually in conjunction with private development projects. Funds are generated by growth in the Equalized Assessed Valuation (EAV) of properties within a designated district over a 23-year period. (more...)
See below for detailed information about the city's individual TIF districts, including plans, annual reports, redevelopment agreements and recent news.
- Citywide TIF Map and Project Locations (Data Portal)
- Proposals Reviewed by the TIF Investment Committee (TIC) (Open Data)
- Proposals Pending CIty Council Action (PDFs)
- District Annual Reports (PDFs) (Open Data)
- District Balances by Year (Open Data)
- District Projection Reports 2020-24 (Open Data) (PDF)
- Funding Sources and Uses by District, Year and Type (Open Data)
- TIF Program Guide (PDF)
- Small Business Improvement Fund (SBIF) Grants (Open Data)
Red and Purple Modernization (RPM) Phase One Project TIF
Information about the proposed Red and Purple Modernization (RPM) Phase One project area.