TIF Financing Explained: How Developers & Cities Partner to Build (Without Boring You) | Ep 28 скачать в хорошем качестве

TIF Financing Explained: How Developers & Cities Partner to Build (Without Boring You) | Ep 28

Tax Incremental Financing (TIF) sounds complicated—but it's actually one of the most powerful tools in real estate development. In this episode, Mitch Ferraro sits down with Nick Jung, F Street's Director of Development and a practicing attorney, to demystify TIF and explain how it creates win-win-win outcomes for municipalities, communities, and investors. Nick breaks down: • TIF 101: What it is, how it works, and why it exists (hint: it started in California in the 1950s). • The Public-Private Partnership: How we partner with cities like West Allis, Brown Deer, and Oak Creek to transform blighted sites into thriving communities. • TIF vs. TID: The difference between Tax Incremental Financing and Tax Incremental Districts (and why it matters). • The Investor Angle: How TIF bridges the gap between construction costs and rents, making high-quality developments financially feasible—and why we only pursue municipalities that want to be true partners. • Real-World Examples: Specifics from Village 43 (90%+ rebate) and our West Allis project (100% rebate for ~25 years). If you've ever wondered how developers make deals work in communities that need housing but can't command downtown rents, this episode is for you. Timestamps: 00:00 - Intro: Why TIF Isn't Boring 01:46 - TIF Defined: The "But For" Test 03:13 - How TIF Works for Developers 04:35 - The Origin Story: TIF in the 1950s 07:30 - Why We Only Pursue TIF Partnerships 08:36 - Educating Municipalities on TIF 10:17 - How TIF Money Flows: Upfront vs. PayGo 13:17 - TIF vs. TID: What's the Difference? 16:15 - The Long-Term Win for Communities 18:03 - Partnership Mindset: Playing the Infinite Game 20:15 - Final Thoughts & How to Learn More Learn more about F Street's current multifamily opportunities. Connect with Nick or Mitch: nick@fstreet.com | mitch@fstreet.com 🔔 Subscribe for deep dives on real estate development, private credit, and investor-aligned strategies. #TIF #TaxIncrementalFinancing #RealEstateDevelopment #Multifamily #PublicPrivatePartnership #CommercialRealEstate #Investing