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, while the bond money helps 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. The District is authorized to have a maximum of $300 million in TIF bonds outstanding.

Current Projects and Financing:     Gallery Place Mandarin Oriental Hotel International Spy Museum Tax Rates and Financing

TIF Information:     News, Articles, and Publications TIF Act [DC Act 12-354]* TIF Related Sites

For more information regarding TIF and other District economic development initiatives, visit the Office of the Deputy Mayor for Planning and Economic Development or contact: