Tax Increment Financing Program (TIF) (District of Columbia)
Last modified on February 12, 2015.
|Place||District of Columbia|
|Applies to Municipality||District of Columbia|
|Name||Tax Increment Financing Program (TIF) (District of Columbia)|
|Policy Category||Financial Incentive|
|Policy Type||Enterprise Zone|
|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|
The District offers several innovative public financing tools where developers can use bond financing or bank loans to fund a portion of their construction costs. The funds are repaid over time using new taxes generated by the project.
|Contact Name||Michael Jasso|
|Department||Office of the Deputy Mayor for Planning and Economic Development|
|Address||1350 Pennsylvania Avenue NW|
|Contact Name||John Ross|
|Department||Office of Research and Analysis|
|Division||Office of the Chief Financial Officer|