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Tax Increment Financing

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Quick Hit
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10:13am
Fri Jun 10, 2011

Number Of The Week: 17,467

That is the number of rental units in foreclosed properties in Chicago. In a report (PDF) issued Thursday by the Lawyers’ Committee for Better Housing, the 17,467 rental units came from 5,904 apartment buildings within Chicago -- which amounts to tens of thousands of Chicagoans who were left homeless in 2010.

The banks involved in the majority of the foreclosure filings are Bank of America, Wells Fargo, Chase, Deutsche Bank, US Bank, and CitiMortgage.

PI Original
by
3:28pm
Mon Mar 21, 2011

Teachers Demand TIF Accountability

Parents, teachers, and advocates marched through the streets of Chicago's poshest neighborhoods Saturday, pleading with the Daley administration to free up some of his beloved TIF funds for the city's schools.

Quick Hit
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4:55pm
Sat Mar 19, 2011

CTU Protest Of TIFs Leads To Arrests

Jackson Potter, a Little Village High School of Social Justice teacher and member of the Chicago Teachers Union, and another woman identified as Amber Smock from ADAPT were both arrested after leading 150 to 200 people -- about half of them teachers -- to march and rush in to Lincoln Park's Grossinger City Cadillac dealership as part of a rally for tax increment financing (TIF) reform. The two were arrested for misdemeanor criminal trespassing and were taken to the Near North police district.

Quick Hit
by Micah Maidenberg
3:22pm
Fri Jan 7, 2011

TIFs, Economic Development, And Job Losses

When Daley administration officials promote their decision to grant tax increment financing (TIF) dollars to large, profitable companies based in the city's Loop, there's usually a line about the jobs that the TIF grant will help "retain" downtown.

Quick Hit
by Micah Maidenberg
11:48am
Thu Nov 18, 2010

TIF Projects, Contingency, And Mayoral Power

In recent weeks, we've been tracking how outgoing Chicago Mayor Richard Daley's now-ratified decision to declare $180 million of the city's tax increment financing dollars as surplus is affecting other local

Quick Hit
by Micah Maidenberg
2:00pm
Fri Nov 12, 2010

School Districts Versus Cities On TIF Policy

How will Chicago Public Schools close the daunting $700 million budget shortfall projected for next school year?

PI Original
by Micah Maidenberg
1:57pm
Mon Nov 8, 2010

A Dent In Daley's TIF Program

The weak economy and the city of Chicago's dire fiscal situation has put a dent in Daley's tax increment financing system. We look at where the TIF "surplus" funds are coming from and ask if the lame duck mayor is doing enough.

Quick Hit
by Micah Maidenberg
4:04pm
Fri Nov 5, 2010

Sweet Home's Next Steps

There was no vote on the Sweet Home Chicago Ordinance at City Council on Wednesday, but proponents of the legislation say they've got multiple options at their disposal to get the bill -- or an alternative version of it -- finally passed.

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