TIF Projects TIF-funded projects in Chicago

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What is TIF?

The City of Chicago Department of Planning and Development defines TIF:

Tax Increment Financing 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 period of 23 years.

Keep reading about TIF districts

What's here?

Details and links to important documents about projects funded by Tax Increment Financing districts in Chicago. Essential documents include:

  • Redevelopment Agreements (RDAs): Legal contracts between the city and developers that outline project requirements, TIF funding amounts, and compliance terms
    • Community Development Commission (CDC) Staff Reports: Planning staff recommendations presented to the CDC before project approval
  • Certificates of Completion: Documents certifying that a TIF-funded project has met all requirements

What does each column mean?

  • Amount approved This is a dollar amount representing the funds that will be transferred to the developer/applicant over the duration of the agreement for that project. For private sector projects, funds are transferred after objectives in the agreement are verified.
  • Date approved This is the date on which the Chicago Community Development Commission approved the agreement for the use of TIF funds.

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