Housing and Development Incentives News
The latest trends, news and insights on TIFs, tax credits and other housing and development incentives.
Bloomington, Illinois Approves TIF Deal for $4.25M Historic Downtown Restoration
Bloomington’s City Council has approved a deal allowing FMB Holdings Inc. to restore two long-vacant historic buildings downtown with the help of tax increment financing. The $4.25 million project will bring new commercial space and four to six apartments to the 200...
$100M LIHTC Fund to Deliver 434 Affordable Units
Berkadia has closed a $100 million Low-Income Housing Tax Credit fund to support affordable housing across five states. The Berkadia Housing Partnership XV 2025 will finance four new construction and two rehabilitation projects, creating or preserving 434 units for...
Community Pushback in Rapid City, South Dakota Puts Libertyland TIF to the Test
A petition drive is underway in Rapid City to let voters decide whether to approve tax breaks for the proposed $125 million Libertyland USA theme park. The move comes after the City Council reapproved the Libertyland and Catalyst District Tax Increment Financing...
Federal Law Eases Path to 4% LIHTC for Developers
A new federal law slashing the 50% Private Activity Bonds financing requirement for 4% Low-Income Housing Tax Credits to 25% could unlock thousands of affordable housing units in California. The move could free up billions in bond cap and double the number of projects...
Enterprise Raises $180.5 Million for New LIHTC Fund
Enterprise Community Partners has closed its latest low-income housing tax credit fund, raising $180.5 million to create or preserve 1,216 properties across nine states. Enterprise Housing Partners Fund XLVII will also generate more than 2,000 jobs and $318 million in...
Ohio Approves LIHTC Support for 10 Affordable Housing Projects
The Ohio Housing Finance Agency Board approved financing for 10 developments across the state, many of which received Low-Income Housing Tax Credit (LIHTC) to support affordability. The projects range from new assisted living communities to rehabilitated apartments,...
Ballot Measure Sought to Expand Public Role in Vermilion, OH TIF Decisions
A petition filed with Vermilion City Council seeks to require voter approval on any future tax increment financing measures. The proposal, led by attorney Gerald Phillips, would mandate that both Vermilion residents and affected school district voters sign off on TIF...
Stricter Rules Proposed for Norfolk, NE TIF Housing Projects
Housing dominated discussion at Norfolk’s tax increment financing advisory committee meeting, where members weighed how TIF could address the city’s affordability challenges. Members debated proposals such as limiting TIF support to homes under $350,000, requiring...
Chicago Approves $11.9M TIF for $52.3M Mixed-Income Development
The Chicago City Council has approved $11.9 million in TIF funding and the sale of city-owned land to support Southbridge 1C, a $52.3 million mixed-income development planned by The Community Builders on the former Harold Ickes Homes site. The 12-story building will...
Lee Health Secures $6 Million NMTC for New Fort Myers Medical Facility
UB Community Development closed on $6 million in New Markets Tax Credit financing with Lee Health to support a new medical facility in Fort Myers, Florida. The 85,000-square-foot laboratory and data center will provide testing services for more than 100,000 people...
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