Voices on TIF

  • Housing TIF: Why it’s vital for regional projects

    Yarrow Brown, Executive Director of Housing North, explores the transformative potential of tax increment financing (TIF) to create affordable housing in northern Michigan. This forum highlights how TIF, especially when paired with Brownfield Redevelopment, can address housing shortages by converting tax increments into funding for housing projects. Brown advocates for broader adoption of TIF to bolster regional housing efforts and support community development. Read the original published on March 20, 2024 the Record-Eagle.

  • The Vital Role of TIF in Community Development

    Shea M. O'Brien discusses the transformation of the Boardman Lake area, emphasizing the critical role of Brownfield Tax Increment Financing (TIF) in enhancing the community. He explores how TIF revitalized the area by funding the cleanup of industrial sites and the development of trails and housing, all without overburdening taxpayers. O'Brien also highlights the risks posed by a November ballot measure that could remove this essential funding tool, stressing its significance for Traverse City's future. Read the original published on March 10, 2024 the Record-Eagle.

  • TC's Big Choice: The Importance of Preserving TIF

    Gary Howe advocates for a 'no' vote on the proposed charter amendment that could dismantle Tax Increment Financing (TIF) in Traverse City. He describes how TIF enhances taxable values and funds community improvements without raising taxes. Howe warns that its removal could lead to higher taxes and hinder development. He urges voters to understand TIF's importance and participate actively in local discussions to preserve this critical funding mechanism. Read the original published on February 18, 2024 the Record-Eagle.