Tax Increment Financing

« Back to Land-Use Planning Dictionary

When property values within a development area increase a redevelopment agency can issue bonds against the anticipated additional revenue of the tax increment. State law permits the tax increment to be earmarked for redevelopment purposes but requires at least 20% to be used to increase and improve the community’s supply of very low and low-income housing.

Error: Please enter a valid email address

Error: Invalid email

Error: Please enter your first name

Error: Please enter your last name

Error: Please enter a username

Error: Please enter a password

Error: Please confirm your password

Error: Password and password confirmation do not match