What major redevelopment costs are eligible for TIF funding?

TIF funds may be used for costs that will permit previously developed properties to compete with vacant land at the edge of the urban area. State legislation authorizes that TIF funds may be used for:

  • Property acquisition
  • Rehabilitation or renovation of existing public or private buildings
  • Construction of public works or improvements
  • Job retraining programs
  • Relocation
  • Financing costs, including interest assistance
  • Studies, surveys and plans
  • Professional services such as architectural, engineering, legal, property marketing and financial planning
  • Demolition and site preparation
  • Daycare services

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