Tax Increment Financing (TIF) is a state-authorized redevelopment and finance program used by the City of Portland to improve neighborhoods through strategic investments in housing and economic development within a designated area. It leverages public resources (through property tax revenue growth) for re-investment in the community to benefit residents and businesses.

Each TIF District has a plan that is approved by the Portland City Council. The plan outlines specific goals, priorities, and projects that match the needs of the people who live and work in that area.