Tax Increment Financing (TIF)
Tax Increment Financing (TIF) is a funding tool used by municipalities to fund public investment and promote private investment in designated areas. Tax Increment Financing proceeds are used for land acquisition, environmental remediation, demolition and site preparation, roads and infrastructure, building rehabilitation, construction interest and other eligible costs. The increase in property taxes, or increment, resulting from development projects in the Tax Increment Financing district can be used to repay bonds issued to fund upfront project costs, or can be used on a pay-as-you-go basis for individual projects.
Concourse has a wide range of experience with Tax Increment Financing and provides assistance in preparing and evaluating TIF funding applications, including:
Overseeing the preparation of the TIF financial pro forma, including the development of project costs, construction schedule, TIF revenue projections, gap analysis and sizing of developer notes
Assisting with the development of the redevelopment agreement
Preparing estimates of incremental revenues
Completing feasibility reports for TIF-supported bonds
|
 |
|
