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  • WTWO/WAWV

    Effingham starts new program to reimburse home rehab in TIF districts

    By Simmy Wood,

    19 days ago

    https://img.particlenews.com/image.php?url=05B97p_0sfEhezv00

    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 .

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    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 .

    Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

    For the latest news, weather, sports, and streaming video, head to MyWabashValley.com.

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