Tax Increment Financing can be used for the following purposes:
Total amount of public improvements associated wiht a redevelopment project which are located in a redevelopment area
Acquisition of redevelopment sites including all costs associated with acquisition
Site preparation, demolition, grading, special foundations, and other work prior to construction of the project
Utility extensions and hookups
Rehabilitation of structures within the redevelopment area
Construction of structure within the redevelopment project area
Tax Increment Financing is primarily designed to finance public improvements associated with a project. However, residual funds can be used for other allowed purposes after allowing for the cost of public improvements.