Definitions - Commonly Used Terms and Acronyms
There are currently 7 names in this directory beginning with the letter T.
Tax Increment Financing (TIF)
A program designed to leverage private investment for economic development projects in a manner that enhances the benefits accrued to the public interest.
Term of Affordability
A specific period of time during which project rents are restricted for a specified number of units and during which the borrower agrees to provide annual operating data to verify compliance.
Minimum requirement proposals must meet to be considered by selection committee for funding.
Total Development Cost
All project related expenses including acquisition, refinancing, rehabilitation/construction, contingency, soft costs, closing, financing and developer's fees.