Tag: tif

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?

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.

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.