Tax Increment Financing (TIF) Guarantee Program
In plain English
This Pennsylvania program is open to municipalities, municipal/redevelopment/industrial-development authorities, counties, and other local government entities, not to private individuals or typical small businesses. It does not provide cash grants; instead it offers credit-enhancement guarantees on bonds or other debt issued for Tax Increment Financing (TIF) projects that redevelop brownfield or greenfield sites, lowering borrowing costs. Projects must comply with Pennsylvania's TIF Act and be located in the Commonwealth.
AI-generated summary to help you decide quickly — verify the official eligibility rules before applying.
- Deadline
- Dec 31, 2035
- Posted
- Jan 1, 2024
- Award amount
- Amount not specified
- Focus areas
- Community & economic development
Who can apply
BusinessMunicipalityOther Legal Entity — Municipal Authorities; Industrial and Commercial Development Authorities; Redevelopment Authorities; Boroughs; Townships; Towns; Counties; Home Rule Municipalities
About this grant
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.
Source: public records via Grants.gov. UseGrants is an independent aggregator, not affiliated with any funding agency. Always confirm details on the official listing before applying.