Tax Increment Financing (TIF) Guarantee Program (Pennsylvania)
Last modified on February 12, 2015.
|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|
|Funding Source||Commonwealth Financing Authority (CFA)|
|Program Administrator||Pennsylvania Department of Community and Economic Development (DCED)|
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.
|Department||Department of Community and Economic Development|
|Address||Commonwealth Keystone Building, 400 North Street, 4th Floor, Harrisburg, PA 17120-0225|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Tax Increment Financing Guarantee Program|