If you know anything about Tax Increment Financing, otherwise known as TIF, you may find these webcasts of interest.
What is a TIF you ask?
Tax Increment Financing is a method of public financing that has been used throughout the United States for over 50 years. Typically it is used in downtown redevelopment commercial real estate and/or residential districts, as well as and community improvement projects. The concept is t method of using future gains in real estate taxes to assist in subsidizing a project through the difficult start up years when cash flow will likely not cover project operating costs.
Here are the details of series from the Counsil of Development Finance Agencies (CDFA) website:
“ The CDFA Tax Increment Finance Coalition has partnered with Stone & Youngberg, LLC to develop a special six-part national webcast series focused on tax increment finance. The CDFA TIF Coalition Webcast Series will feature timely discussions and presentations concerning the emerging use of TIF as a catalyst for local economic development. Tax increment finance has become the most widely used and successful financing tool in the economic development toolbox with nearly every U.S. state, district and territory now having authorizing statutes. This transformational tool has been proven to be a driving force in redevelopment, reuse, urban and suburban infill, job creation, and investment growth throughout the country. The CDFA TIF Coalition Webcast Series will explore the most pressing TIF issues facing the industry today and will peel back the myths and misinformation in the TIF process.
“The webcast series is free to join and is part of CDFA’s ongoing leadership efforts to promote the sound use of tax increment finance. These free hour-long webcasts allow participants, no matter their location, to join the discussion, view presentations, and interact with experts around the country. Webcasts will also be recorded and posted on the CDFA website for those unable to attend the live presentation.”
The Series will include the following programs:
February 3rd at 1 p.m. EST – “When the TIF Project Goes Bad”
March 31st at 1 p.m. EST – “How to Use TIF in a Struggling Economy”
May 11th at 2:15 p.m. EST – “Offensive TIFs & Tax Districts” (Live from CDFA Annual Summit in Boston)
July 28th at 1 p.m. EST – “How to Avoid the Subprime TIF”
September 29th at 1 p.m. EST – “The California TIF Experience”
December 8th at 1 p.m. EST – “The White Elephant Mall”
The Series is free and you can register at the CDFA website.