EFFINGHAM, Ill. (WCIA) — The City of Effingham has introduced a new program to help support housing redevelopment projects in Central and Industrial Tax Increment Financing (TIF) districts. The Tax Increment Financing Housing Redevelopment Program can reimburse 25% of home redesign, rehabilitation, repair, or reconstruction funds up to $25,000. Only homeowners within TIF districts are […]
“These developments will require extensive site improvements and infrastructure, of which the TIF will be a key mechanism to assist in the funding of said improvements.”
The two largest ongoing development projects in Chicago — one on the North Side, the other just south of the Loop — are primed to benefit from a series of fiscal maneuvers the city has quietly made, shifting nearly $140 million from under-the-radar public bank accounts to pay for infrastructure improvements in and around those developments. Records show that since 2020, the dollars have .