Community Redevelopment, Tax Increment Financing and CRED

TLDR: In this article , the authors look at the history and pros and cons of TIF when it comes to community redevelopment and how it has benefited and benefits CRED, and discuss the advantages and disadvantages of using tax increment financing in community development.

Abstract: One of the most important aspects of community development is the notion of private public partnerships in which a government entity partners with a private sector developer to complete a development that neither could have done on their own. One of the most widely used forms of public-private partnership development agreements is tax increment financing, better known as TIF. This chapter looks at the history and pros and cons of TIF when it comes to community redevelopment and how it has benefited and benefits CRED.