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...

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...

$15.5 Million in LIHTC Funding Secured for Affordable Housing Project in Kihei, Hawai’i

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

An affordable housing project is moving forward in Maui County as Hunt Capital Partners has successfully closed the financing for the Hale O Pi’ikea Phase III development, which includes $10.3 million in federal 9% Low-Income Housing Tax Credits (LIHTCs) and $5.2...

$600M Norman TIF Districts Move Forward After Court Strikes Down Petition for Public Vote

Feb 28, 2025 | Credits and Incentives, Finance - Incentives, Legal - Incentives

Plans for twin TIF districts in Oklahoma are moving forward as Judge Jeff Virgin, a Cleveland County judge, struck down a referendum petition that would allow voters to approve or reject the ordinance approval of the “Rock Creek Entertainment District Project Plan,”...

Plymouth, MN Approves TIF Package for $300M Redevelopment of Former Prudential Campus

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

The Plymouth City Council has approved a tax increment financing (TIF) package to support The Boulevard, a $300 million redevelopment of the former Prudential campus in Minnesota. The project, which will be co-developed by Roers and Scannell Properties, will bring...

Harbor Vue Project in Massachusetts Secures Low-Income Tax Credits for 120 Affordable Housing Units

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

The Harbor Vue project in Hyannis is set to receive low-income housing tax credits and subsidies for the construction of 120 mixed-income apartments at the former TD Bank site on Main Street. To be developed by WinnDevelopment, seventy units will be designated for...

Federal Historic Tax Credit Bill Reintroduced in US Senate

Feb 28, 2025 | Credits and Incentives, Legal - Incentives

U.S. Senators Shelley Moore Capito and Mark Warner have recently reintroduced the Rural Historic Tax Credit Improvement Act in hopes of preserving the nation’s heritage and boosting local economies through private investment incentives like tax credits. The bill...

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