The death and life of Tax Increment Financing (TIF): Redevelopment lessons in affordable housing and implementation

Squires, Graham; Hutchison, Norman

Abstract

© Emerald Group Publishing Limited. Purpose – The purpose of this paper is to draw out interesting nuances and lessons when using a Tax Increment Financing (TIF) model in San Francisco given the abandonment of California’s redevelopment agencies (RDAs) created via TIF funds.Design/methodology/approach – This research is based on secondary literature review, desk-based study and primary interviews with professional interviewees that have been heavily involved in TIF projects in San Francisco over the last decade.Findings – The abolition of the RDAs in California may be inadvertently cutting-off the principal supply of funds for redevelopment that includes much needed affordable housing.Originality/value – Reflective lesson learning for themanagement of land and property development in the USA and UK. Particularly with respect to funding mechanisms and agencies that can implement and develop affordable housing.

• Journal Article Type: Article
• Publication Date: Jan 1, 2014
• Journal: Property Management
• Print ISSN: 0263-7472
• Publisher: Emerald
• Peer Reviewed: Peer Reviewed
• Volume: 32
• Issue: 5
• Pages: 368-377
• DOI: https://doi.org/10.1108/PM-07-2013-0037
• Keywords: tax increment financing, TIF, affordable housing, implementation
• Public URL: https://uwe-repository.worktribe.com/output/826738
• Publisher URL: http://dx.doi.org/10.1108/PM-07-2013-0037