|Designation: 1997 Expiration: 2020
The Near North TIF was designated to support the transformation of the Cabrini-Green public housing complex and adjacent bighted properties into a healthy, mixed-income community that's connected to adjacent Near North Side neighborhoods. At the time of its designation, the 340-acre district was characterized by partially occupied high- and mid-rise housing projects, irregular lot sizes and street patterns, vacant lots, and random institutional and open space uses. Private investment in the area was non-existent due to the abundance of publicly-owned properties. The TIF is designed to provide resources to revitalize the area with new mixed-income townhomes, single-family houses, multi-unit buildings, new commercial facilities and institutional projects. Funds are targeted to support land assembly and demolition efforts, rehabilitation costs, public works improvements, job training initiatives, and relocation assistance.
Redevelopment Plan (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
Projection Report (Data Portal)