What can TIF funds be used for?
TIF funds can be used for a variety of projects and activities which allow an eligible applicant to maintain or expand operations or contribute to the improved appearance and viability of the property. Redevelopment-related costs that are eligible for TIF reimbursement include, but are not limited to: • Land acquisition, clearance and site preparation; • Certain environmental remediation measures; • Building rehabilitation and repair, (e.g. roof and facade improvements, HVAC and other mechanical system upgrades, building upgrades needed for ADA compliance and other substantial renovation); • Signs or awnings which are permanently affixed to the building; • Rehabilitation or remodeling of existing tenant improvements; • Streets, streetscaping and other public infrastructure improvements; • Professional fees related to the redevelopment project, including architect/engineering fees, developer fees and marketing/leasing commissions; • Up to 30% of the applicant’s construction period inter
