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...

Lehi City Council Approves $8 Million TIF for Mixed-Use Development in Utah

Apr 7, 2025 | Credits and Incentives, Finance - Incentives

The Lehi City Council approved a tax increment financing (TIF) agreement on March 18 that will provide approximately $8 million in tax subsidies for the proposed Morning Vista Community Reinvestment Project, a large mixed-use development in the Traverse Mountain area...

City Council Approves LIHTC Application for a $19 Million Apartment Project in Sedona, AZ

Apr 7, 2025 | Credits and Incentives, Finance - Incentives

The Sedona City Council unanimously voted to support a Low-Income Housing Tax Credit application for a proposed 36-unit affordable apartment complex called “The Flats on Blue Heron.” The $19 million development, planned for a city-owned parcel on State Route 89A, aims...

New Legislation Seeks to Streamline Historic Tax Credit to Improve Affordable Housing Production

Apr 7, 2025 | Credits and Incentives, Legal - Incentives

Rep. Seth Magaziner, a U.S. representative for Rhode Island, has introduced legislation requiring the National Park Service to report on how to improve the Historic Tax Credit (HTC) program to better support affordable housing development. The bill aims to streamline...

Howard, Wisconsin Approves $34 Million TIF Resolution for Mixed-Use Development

Mar 28, 2025 | Credits and Incentives, Finance - Incentives, TIFs

Howard's Plan Commission has approved a resolution to establish a tax increment financing (TIF) district to support the redevelopment by T. Wall Enterprises of the former UnitedHealth Group campus in Wisconsin into a mixed-use development. The $34 million in public...

Overland Park, Kansas Approves TIF District for $87.8 Million Mixed-Use Development

Mar 28, 2025 | Credits and Incentives, Finance - Incentives, TIFs

Overland Park has approved a tax increment financing (TIF) district to support Hunt Midwest’s $87.8 million mixed-use development at 8036 Metcalf Ave., which will feature a six-story building with 226 luxury apartments, ground-floor retail, and a below-grade garage....

Cottonwood City Council Approves LIHTC Application for Verde Plaza Apartments Expansion in Arizona

Mar 28, 2025 | Credits and Incentives, Finance - Incentives

The Cottonwood City Council of Arizona has unanimously voted to support Terra Realty and Management of Colorado’s Low Income Housing Tax Credit (LIHTC) application for the expansion of Verde Plaza Apartments onto unused city-owned land. The project aims to provide...

Monarch Private Capital Closes LIHTC Equity for $43 Million Affordable Senior Housing in Massachusetts

Mar 28, 2025 | Credits and Incentives, Finance - Incentives

Monarch Private Capital announces that it has successfully closed on a low-income housing tax credit (LIHTC) equity investment for Walnut Street Phase I, an affordable senior housing development in Foxboro, Massachusetts, set to open in early 2026. The $43 million...

Morris, Illinois Approves Ordinances for TIF Revenue Distribution

Mar 14, 2025 | Credits and Incentives, Finance - Incentives, Legal - Incentives

The Morris City Council approved three ordinances to distribute surplus revenue from its TIF districts to various taxing bodies. From TIF 1, totaling $1.65 million, Morris High School will receive $425,000, Morris Grade School $381,000, Saratoga School $310,000,...

Kentucky Lawmakers Push Bill to Expand TIF Incentives in KFC Yum! Center

Mar 14, 2025 | Credits and Incentives, Finance - Incentives, Legal - Incentives

Kentucky state lawmakers are advancing House Bill 775, which would allow development incentives for other projects within the KFC Yum! Center’s tax increment financing (TIF) district in downtown Louisville, Kentucky. The bill seeks to open areas within the TIF...

$30.9 Million Mixed-Use Development in Columbus, Indiana Faces Setback Over TIF District Vote

Mar 14, 2025 | Credits and Incentives, Finance - Incentives

A proposed $30.9 million, 120-unit mixed-use development by Rubicon Development in Columbus, Indiana, faced a setback after the City Council narrowly rejected the resolution for creating a separate tax increment financing (TIF) district in a 4-5 vote. The TIF district...

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