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...

State Auditor: Chesterfield’s $353M TIF Legal Under Missouri Law

Aug 18, 2025 | Credits and Incentives, Legal - Incentives, TIFs

Chesterfield’s $353 million TIF package cleared a legal hurdle after State Auditor Scott Fitzpatrick said the plan does not violate Missouri law. The decision comes amid criticism that the TIF skirts state rules by funding projects that could move forward without tax...

FHFA Expands LIHTC Policy, Doubles GSE Cap

Aug 18, 2025 | Credits and Incentives, Legal - Incentives

FHFA announced a significant adjustment to its LIHTC program as it doubled the Low-Income Housing Tax Credit (LIHTC) investment cap for Fannie Mae and Freddie Mac, raising their combined investment limit to $4 billion per year. This initiative requires half the funds...

$32M in NMTCs Fund Major Detroit Redevelopment

Aug 4, 2025 | Credits and Incentives, Finance - Incentives

Four Detroit redevelopment projects will share $32 million from Invest Detroit’s New Markets Tax Credit allocation, provided by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund. The funding includes $7.5 million for METD/Laepple...

Massachusetts Awards $182M in Low-Income Housing Tax Credits

Aug 4, 2025 | Credits and Incentives, Finance - Incentives

Twenty-one rental housing developments across Massachusetts will receive $182 million in low-income housing tax credits and subsidies to create or preserve 1,245 homes. This round of funding includes $32.2 million in federal Low-Income Housing Tax Credits, $31.6...

Moratorium Blocks Some TIF Projects in Chelan County, WA

Aug 4, 2025 | Credits and Incentives, Legal - Incentives, TIFs

Chelan County has enacted a six-month moratorium on creating tax increment financing (TIF) projects in unincorporated areas, citing concerns over the proposed 3,326-acre Malaga TIF. Commissioners say the pause will allow time to assess potential impacts on taxpayers,...

Maine Approves Historic Tax Credit Expansion

Aug 4, 2025 | Credits and Incentives, Finance - Incentives, Legal - Incentives

Maine has doubled its annual cap on historic rehabilitation tax credits from $5 million to $10 million for each of the first two years of a project, marking the first increase since the program began in 2008. Advocates say the change will help developers complete...

OCCH Closes $299.5M LIHTC Fund to Support 2,033 Affordable Homes

Jul 21, 2025 | Credits and Incentives, Finance - Incentives

Ohio Capital Corporation for Housing has closed a $299.5 million LIHTC fund that will support the creation or preservation of 2,033 affordable homes across seven states: Georgia, Illinois, Kentucky, Michigan, Ohio, Tennessee, and West Virginia. Backed by 20 returning...

Chicago OKs $13.24M TIF for Affordable Senior Housing Project at Former Pioneer Arcade

Jul 21, 2025 | Credits and Incentives, Finance - Incentives, TIFs

Chicago's Community Development Commission has recently approved $13.24 million in TIF funding for a $36 million affordable senior housing project at 1539 N. Pulaski, led by the Hispanic Housing Development Corporation and designed by UrbanWorks. The development will...

New York Drives Record 154 Historic Rehab Projects, Tops U.S. in Use of HTC

Jul 21, 2025 | Credits and Incentives, Finance - Incentives

New York led the nation in 2024 for use of historic rehabilitation tax credits, with 154 projects completed, underway, or in planning, according to a recent data released by the National Park Service. Governor Kathy Hochul said the effort generated $2.8 billion in...

Historic Preservation Gains Momentum Under Ohio’s Budget Signed Into Law

Jul 21, 2025 | Credits and Incentives, Finance - Incentives, Legal - Incentives

Ohio’s new state budget, recently signed into law, increases funding for the Historic Preservation Tax Credit program to $75 million and boosts credit percentage to 35% for rehabilitation projects in smaller communities, making it easier and more affordable to...

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