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1. What makes a project a good candidate for TIF assistance?

• Substantial increase in real estate taxes after construction
• New construction or substantial rehabilitation
• Adding building square footage
• Low present real estate value
• Vacant buildings or land

2. What projects make poor candidates for TIF Financing?

• Cosmetic work (i.e. painting)
• Largely interior work (i.e. redecorating)
• Minor repairs
• Small or no increase in real estate taxes after completion
• Roof work
• Parking lot work

3. How much TIF Funding will my project actually receive?

• Generally no more than the actual increased real estate taxes generated by your project
• Only the funds necessary to make your project feasible at reasonable market rates of return
• TIF funds are usually a small portion of project funding in the range of 20% to 40%

4. What project information do I need in order to apply for TIF funding?

• Firm constructions costs
• Sources and uses of funds (Pro Forma)
• At least a 15 year cash flow statement
• Site control (Purchase Contract, Option to Purchase, Deed)