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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 ...
“We can either heed the signs right now, or we can let it go, and it’s going to be very detrimental,” one alderman said.
JANESVILLE—The city of Janesville is moving to buy up hundreds of acres of land to expand its development footprint on the industry-heavy south side.