CITY OF CHICAGO/JOHN D. AND CATHERINE T. MACARTHUR FOUNDATION
Use of TIF in Support of Chicago Housing Authority Transformation

S. B. Friedman & Company assisted the Chicago Department of Planning and Development in evaluating how to use TIF in support of the Chicago Housing Authority (CHA) Transformation. The work was funded by a grant to the firm from the John D. and Catherine T. MacArthur Foundation. The scope included four key elements:

• Establishing a data bank for CHA projects not currently in TIF districts to facilitate later phasing of TIF designation as Ablighted prior to becoming vacant”

• Estimating incremental revenue from CHA replacement, mixed-income and mixed-use developments

• Estimating the need for TIF assistance to specific development projects

• Creating a comprehensive model of financing gaps, including infrastructure, environmental, development project, and land acquisition; and the availability of TIF funds to fill such gaps

We worked closely with staff from the Department of Planning and Development and participated as needed in working groups with other departments.