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A dark-skinned woman in a red blouse stands holding a mic and looking at a screen on which is projected "What are TIFs?" with several bullet points beneath in much smaller type. Behind her is a curtain, and in the corner a table and chair with some meeting materials on them. The audience she is speaking to is not visible.

Tax Increment Financing (TIF): Revitalization Tool, Developer Handout … or Both?

Tax increment financing attracts development in disinvested areas, but it also diverts millions of tax revenue away from city services to investors. And some claim officials are using the program in racist and corrupt ways. What is TIF? And how does it work?

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A rendering of what Port Covington would look like once the decades-long project is completed.

Who Will Benefit from Port Covington?

Advocates, city leaders, and Under Armour’s real estate arm negotiate a $660 million tax deal and a vision for economic development in Baltimore.

Housing

Building in Affordability

A range of existing policy tools can help preserve and expand affordable housing near planned transit stations — but to have the most effect, they need to be put in place up front.