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TIF Didn't Equalize Chicago's Gaps | Real Estate News
New research from UIC reveals Chicago’s TIF program may have deepened economic divides instead of bridging them—wealthier downtown areas captured most benefits while poorer neighborhoods saw little gain. Critics warn TIF funds, which could support broader city services, often fuel unchecked development with weak oversight. Researchers urge reforms like independent review, revenue caps, and phasing out TIF in revitalized zones. Meanwhile, the Mayor’s office pivots to a new bond program targeting equitable investment across the city by 2028—with affordable housing at its core. Listen in…
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