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Tax increment financing dedicates tax increments within a certain defined district to finance the debt that is issued to pay for the project. TIF was designed to channel funding toward improvements in distressed, underdeveloped, or underutilized parts of a jurisdiction where development might otherwise not occur.
Created in 1987, Vermont's Housing & Conservation Trust Fund has allocated $247 million in loans and grants to construct affordable housing, conserve farm land, and develop other community projects. This funding was leveraged nearly four times by $950 million in external private and public funding.
The agency actively encourages the use of energy-efficient building standards and materials in the construction of community real estate developments. Project example: In 2007, CCLF provided nearly $1.2 million in pre-development funding to the Historic Pacesetter LP / Whistler Crossing project in Riverdale, Illinois. The money went to support ...
The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
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The Chicago Community Trust (the Trust) is the community foundation serving Chicago, suburban Cook County, and the Illinois counties of DuPage, Kane, Lake, McHenry, and Will. Established on May 12, 1915, it is the second largest community foundation in the country as of 2020, with assets of more than $4.5 billion.
It facilitates charitable giving for individuals and businesses, helps organizations with their endowment funds, and serves as a fiscal agent for charitable community projects. [6] A donor-advised fund at the Community Foundation is an economical and simplified version of a private foundation. [7]
Illinois Exempt Veterans' Organizations from Property Taxes Amendment (1978) Illinois Exempt Veterans' Organizations from Property Taxes Amendment (1984) Illinois Exempt Veterans' Organizations from Property Taxes Amendment (1986)