| Tax Increment Financing (TIF) Program
The Tax Increment Financing (TIF) Program is an economic development tool administered jointly by the Office of the Chief Financial Officer and the Office of the Deputy Mayor for Planning and Economic Development.
This program allows the District government to sell bonds backed by a development's future taxes, with the bond money helping to pay the developer's construction costs. TIF is not a loan; the development's taxes, which would already have to be paid, are used to pay back the principal and interest on the bonds.
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