Please contact the Office of Planning and Economic Development at the City of Springfield, 2177892377 X 5471, for more information on this program.
Tax Increment Financing, or TIF, is a tool to use future gains in taxes to finance redevelopment and community improvement projects. The City of Springfield has designated nine areas of the city as Tax Increment Financing Districts. TIF funds support many improvements, including roadway access, demolition of old buildings, streetscape, site preparation, infrastructure, and building rehabilitation. To see a map with all of the TIF Districts, click here.
If you are interested in applying for TIF assistance, please schedule a meeting with OPED Staff and complete this application.
The following local areas have been designated by the City Council to be TIF Districts and have benefited in varying degrees, from roadway access, demolition of old buildings, streetscape, site preparation, public utilities, lighting, infrastructure rebates, and building rehabilitation. To see the map of each district, click on the district title: