Updated almost 9 years ago on . Most recent reply

Using TIF for Down Payment Funding
I am new to commercial development and I'm looking for some resources on how TIF can be used to help fund a project in Minnesota. I've been having a tough time finding much education on this. Is it possible to use TIF to fund part of the down payment for a new project? How does that work? I understand that TIF effectively freezes the property tax at the pre-project value, but I don't understand how that could be used to fund a down payment on a project. I'd appreciate any insights you all may have on this.
Thanks,
-Jaden