Lafayette Tax Increment Financing Assistance
Lafayette may use TIF resources to support public infrastructure and improvements tied to eligible development projects.
About this program
The City of Lafayette uses Tax Increment Financing districts as a development tool to capture new property tax revenue generated by improvements and dedicate those funds to eligible public improvements or development activities within the district. TIF resources may support infrastructure, sewer work, sidewalks, storm drainage, traffic control, street construction, lighting, parks, environmental remediation, bridge work, parking structures, and related improvements that enable business attraction, expansion, or redevelopment.
Eligibility
Businesses, developers, property owners, and public-private project partners with eligible projects in Lafayette TIF districts may be considered for project-specific assistance.
Requirements
- Project must be located in or directly benefit a Lafayette TIF district.
- Assistance must fund eligible public improvements or development activities under Indiana TIF rules.
- Applicant must provide project scope, budget, site control, financing plan, and public benefit information.