Housing and Development Incentives News

The latest trends, news and insights on TIFs, tax credits and other housing and development incentives.

MO Gov. Kehoe Signs $1.5 Billion Stadium Incentive Package to Keep Royals, Chiefs

Missouri Gov. Mike Kehoe has signed off on a $1.5 billion stadium incentive package aimed at keeping the Kansas City Royals and Chiefs from relocating across the state line. The plan would cover up to 50% of stadium costs using tax revenue generated by the teams,...

Ohio Senate Budget Threatens to Cut Historic Tax Credits Program

Ohio Senate Republicans’ new budget proposal would end the widely supported Ohio Historic Preservation Tax Credits program after fiscal year 2027, unless renewed by a future General Assembly. Since 2007, the credits have fueled dozens of major redevelopment projects...

Bipartisan Bill Aims to Boost Affordable Housing Production With LIHTC Reforms

Reps. Darin LaHood and Suzan DelBene have introduced the bipartisan Affordable Housing Credit Improvement Act of 2025, which seeks to improve the Low-Income Housing Tax Credit (LIHTC) program and finance over 2 million affordable rental homes over the next decade. Key...

Cleveland Greenlights TIF District for $3.3 Billion Riverfront Project, Sparking Debate

The Cleveland City Council approved a new TIF district for Bedrock's $3.3 billion Cuyahoga Riverfront project, which will include apartments, offices, retail, parks, and a practice facility for the Cavs. The plan involves allocating up to $1 billion in subsidies into...

City Rankings: Federal Historic Tax Credit Awards in 2022

CivMetrics collects key tax incentive data for the largest cities in the United States. In this post, we look at new data on the Federal Historic Tax Credit. For questions about our data, or to request data, please contact [email protected]. Data is from the...

NJEDA Approves $93M in Aspire Program Tax Credits for Paterson and Secaucus Projects

Nov 10, 2025 | Credits and Incentives, Finance - Incentives

The New Jersey Economic Development Authority approved $93.1 million in Aspire Program tax credit awards for two developments, a fully affordable housing rehabilitation in Paterson and a modern warehouse facility in Secaucus. The Carroll Street Houses project in...

$17.5M NMTC Financing Secured for South City Early Learning Center in Memphis, Tennessee

Nov 10, 2025 | Credits and Incentives, Finance - Incentives

MBS Urban Initiatives CDE, U.S. Bancorp Impact Finance, and Nonprofit Finance Fund closed $17.5 million in New Markets Tax Credit financing for the South City Early Childhood Education Center in Memphis, Tennessee. Developed by Urban Renaissance Partners and ComCap...

Northampton County Council Rejects TIF Proposal for Dixie Cup Redevelopment

Nov 10, 2025 | Credits and Incentives, Legal - Incentives, TIFs

Northampton County Council narrowly voted 5-4 to reject a proposed tax increment financing (TIF) district for the $184 million redevelopment of the former Dixie Cup factory in Wilson Borough. The project by Skyline Investment Group aims to convert the long-vacant...

IRS Increases 2026 LIHTC Allocations

Nov 10, 2025 | Credits and Incentives, Finance - Incentives, Legal - Incentives

The Internal Revenue Service has increased per capita allocations for low-income housing tax credits (LIHTCs) and private-activity bonds for 2026 under Revenue Procedure 2025-32. The LIHTC ceiling will rise to the greater of $3.416 per resident or $3.95 million per...

Gov. McMaster Signs TIF Law to Accelerate Affordable Housing in South Carolina

Nov 3, 2025 | Affordable Housing, Legal - Specialty Housing, TIFs

Gov. Henry McMaster recently signed the Tax Increment Financing Act, a new law designed to speed up affordable housing development at former military bases across South Carolina. The measure allows redevelopment authorities to use TIF funds to support housing projects...

Dallas Approves $103M TIF Incentive for $409M Bank of America Tower Redevelopment

Oct 27, 2025 | Credits and Incentives, Finance - Incentives, TIFs

The Dallas City Council approved a development agreement providing up to $103 million in TIF funding to support the $409 million redevelopment of the Bank of America Tower. The project, led by Mike Hoque of Hoque Global and Mike Ablon of PegasusAblon, will transform...

$2.7M in LIHTC Funding to Expand Affordable Housing in St. Louis

Oct 27, 2025 | Credits and Incentives, Finance - Incentives

The City of St. Louis Community Development Administration and the Missouri Housing Development Commission awarded $2.7 million to three LIHTC projects that will create or preserve more than 130 affordable housing units. The developments, located in The Ville, Greater...

Tensions Surrounding Chicago’s $1B TIF Surplus

Oct 27, 2025 | Credits and Incentives, Finance - Incentives, TIFs

Mayor Brandon Johnson’s 2026 budget proposal is drawing pushback over plans to divert a $1 billion TIF surplus to support Chicago Public Schools. Critics say the move could delay key neighborhood projects that depend on TIF funding. Budget Director Annette Guzman...

Indiana Tax Credit Law Spurs Rail Investment in Rural Communities

Oct 27, 2025 | Credits and Incentives, Finance - Incentives, Legal - Incentives

Indiana’s new railroad tax credits under House Enrolled Act 1461 aim to strengthen short line railroads by funding infrastructure improvements and new track projects in rural counties. The tax credits, covering up to 50% of qualified rail expenditures, will enhance...

$35.1M in Tax Credits Fund Ohio YMCA’s Conversion to Affordable Housing

Oct 13, 2025 | Credits and Incentives, Finance - Incentives

Merchants Capital has secured $35.1 million in tax credit equity financing to transform a vacant YMCA building in Columbus into affordable housing known as Lofts at 40 Long. The project, developed by Woda Cooper Cos. Inc. and IMPACT Community Action, combines $18.5...

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