EFFINGHAM, Ill. (WCIA) — The City of Effingham has introduced a new program to help support housing redevelopment projects in Central and Industrial Tax Increment Financing (TIF) districts.
The Tax Increment Financing Housing Redevelopment Program can reimburse 25% of home redesign, rehabilitation, repair, or reconstruction funds up to $25,000. Only homeowners within TIF districts are eligible. A TIF district map can be viewed online.
To be accepted into the program, the resident must also:
- Have residential property which generates real estate taxes
- Have no taxes or fees owed to the City of Effingham or the state
- Complete a letter of application to the City Council
- Complete a program agreement that says the housing redevelopment project will be consistent with the Program Plan approved by the City Council
To apply, send an application to Todd Hull at thull@effinghamil.com with:
- Your name, address, and phone number
- A copy of the deed to your property
- Copies of appropriate plans
- Proposed redevelopment drawings or documents
- Cost estimates
For more information on the Tax Increment Financing Housing Redevelopment Program, visit the City of Effingham’s website.
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