Tax Increment Financing (TIF) Guarantee Program (Pennsylvania)

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Last modified on February 12, 2015.

EZFeed Policy

Place Pennsylvania


   
Applies to States or Provinces Pennsylvania
Name Tax Increment Financing (TIF) Guarantee Program (Pennsylvania)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province











Funding Source Commonwealth Financing Authority (CFA)















Program Administrator Pennsylvania Department of Community and Economic Development (DCED)
Primary Website http://www.newpa.com/find-and-apply-for-funding/funding-and-program-finder/tax-increment-financing-tif-guarantee-program



Last Review 2014-09-15



Summary

The Tax Increment Financing (TIF) Guarantee Program provides credit enhancement to improve market access and lower capital costs through loan guarantees to bond issuers to assist in the development and revitalization of Brownfield and Greenfield sites. Private developers must create a certain number of permanent FT jobs within the financing district. TIF projects will be guaranteed up to $5 million per project.



Policy Contact

Department Department of Community and Economic Development

Address Commonwealth Keystone Building, 400 North Street, 4th Floor, Harrisburg, PA 17120-0225



Phone 1-866-466-3972



Website http://www.newpa.com/find-and-apply-for-funding/funding-and-program-finder/tax-increment-financing-tif-guarantee-program
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Tax Increment Financing Guarantee Program




















References