Tax Increment Financing (TIF) Guarantee Program
Ceiling: $5,000,000
Applications Due: Rolling
State
Pennsylvania Department of Community and Economic Development
This program provides financial guarantees to support local governments and developers in revitalizing underutilized properties and stimulating economic growth in communities across the Commonwealth.
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
Eligibility
States
Pennsylvania
Regions
All
Eligible Entities
City or township governments, Small businesses, For profit organizations other than small businesses
PDF Link
Funding
Program Funding
Award Ceiling
$5,000,000
Award Floor
Award Count
Timing
Posted Date
March 13, 2024
App Status
Accepting Applications
Funder
Funding Source
Source Type
State
Contact Name
Contact Email
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Contact Phone
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