Tax Increment Financing (TIF) Guarantee Program

This program provides financial guarantees to support local governments and developers in revitalizing underutilized properties and stimulating economic growth in communities across the Commonwealth.

$5,000,000

Active

Rolling Deadline

Grant Description

Promotes and stimulates the general economic welfare of various regions and communities in the Commonwealth and assists in the development, redevelopment and revitalization of Brownfield and Greenfield sites in accordance with the TIF Act. The program provides credit enhancement for TIF projects to improve market access and lower capital costs through the use of guarantees to issuers of bonds or other indebtedness. Financial Info: Maximum guarantee amount per project is $5 million

Funding Details

Award Range

Not specified - $5,000,000

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

Eligibility

Eligible Applicants

City or township governments

Small businesses

For profit organizations other than small businesses

Additional Requirements

All municipalities and their authorities, including boroughs, townships, towns, counties and home rules that issue TIF bonds to fund local economic development projects.

Geographic Eligibility

All

Key Dates

Application Opens

Not specified

Application Closes

Not specified

Contact Information

Grantor

Pennsylvania Department of Community and Economic Development

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