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    TIF Summary

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    Valerie F. Leonard
    The document summarizes 7 Tax Increment Financing Districts located near or bordering North Lawndale in Chicago. It lists the budget and job training funds allocated to each district, as well as other revenues like the Neighborhood Improvement Fund and Small Business Improvement Fund where applicable. The total budget across all districts was $375 million with $20.8 million allocated for job training. Revenues collected through these TIF districts by 2006 totaled $69.4 million.

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    TIF Summary

    Uploaded by

    Valerie F. Leonard
    5 views1 page
    The document summarizes 7 Tax Increment Financing Districts located near or bordering North Lawndale in Chicago. It lists the budget and job training funds allocated to each district, as well as other revenues like the Neighborhood Improvement Fund and Small Business Improvement Fund where applicable. The total budget across all districts was $375 million with $20.8 million allocated for job training. Revenues collected through these TIF districts by 2006 totaled $69.4 million.

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    The document summarizes 7 Tax Increment Financing Districts located near or bordering North Lawndale in Chicago. It lists the budget and job training funds allocated to each district, as well as other revenues like the Neighborhood Improvement Fund and Small Business Improvement Fund where applicable. The total budget across all districts was $375 million with $20.8 million allocated for job training. Revenues collected through these TIF districts by 2006 totaled $69.4 million.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5 views1 page

    TIF Summary

    Uploaded by

    Valerie F. Leonard
    The document summarizes 7 Tax Increment Financing Districts located near or bordering North Lawndale in Chicago. It lists the budget and job training funds allocated to each district, as well as other revenues like the Neighborhood Improvement Fund and Small Business Improvement Fund where applicable. The total budget across all districts was $375 million with $20.8 million allocated for job training. Revenues collected through these TIF districts by 2006 totaled $69.4 million.

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    Tax Increment Financing Districts with Borders in and Near North Lawndale

    TIF Budget Job Training SBIF NIF Revenues through 2006


    1 26th and Kostner $ 26,650,000.00 $ 500,000.00 $ 238,989.75
    2 Homan/Arthington $ 10,000,000.00 $ 500,000.00 $ 3,952,543.67
    3 Midwest TIF $ 100,500,000.00 $ 5,000,000.00 $ 750,000.00 $ 3,250,000.00 $ 36,067,884.18
    4 Ogden/Pulaski $ 100,000,000.00 $ 2,500,000.00
    5 Roosevelt/Cicero $ 55,000,000.00 $ 5,000,000.00 $ 8,028,770.00
    6 Roosevelt/Homan $ 2,400,000.00 $ 6,270,503.09
    7 Western/Ogden Industrial $ 80,851,517.00 $ 7,300,000.00 $ 14,892,802.32
    $ 375,401,517.00 $ 20,800,000.00 $ 750,000.00 $ 3,250,000.00 $ 69,451,493.01

    Sources: NCBG Website, TIF Profiles www.ncbg.org


    Audited Financial Statements for the respective TIF districts, 2006.

    NIF: Neighborhood Improvement Fund (funding for façade improvements for homes)
    SBIF: Small Business Improvement Fund (funding for creation or expansion of small businesses)

    Compiled by Valerie F. Leonard, Community Development Consultant

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