The death and life of Tax Increment Financing (TIF)

Graham Squires (Department of Urban Economics and Real Estate, University of the West of England, Bristol, UK)
Norman Hutchison (University of Aberdeen Business School, Aberdeen, UK)

Property Management

ISSN: 0263-7472

Publication date: 14 October 2014

Abstract

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 the management 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.

Keywords

Citation

Squires, G. and Hutchison, N. (2014), "The death and life of Tax Increment Financing (TIF) ", Property Management, Vol. 32 No. 5, pp. 368-377. https://doi.org/10.1108/PM-07-2013-0037

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Publisher

:

Emerald Group Publishing Limited

Copyright © 2014, Emerald Group Publishing Limited

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