TIF Financing Explained: How Developers & Cities Partner to Build (Without Boring You) | Ep 28

Описание: Tax Incremental Financing (TIF) sounds complicated—but it's actually one of the most powerful tools in real estate development. In this episode, Mitch Ferraro sits down with Nick Jung, F Street's Director of Development and a practicing attorney, to demystify TIF and explain how it creates win-win-win outcomes for municipalities, communities, and investors.

Nick breaks down:
• TIF 101: What it is, how it works, and why it exists (hint: it started in California in the 1950s).
• The Public-Private Partnership: How we partner with cities like West Allis, Brown Deer, and Oak Creek to transform blighted sites into thriving communities.
• TIF vs. TID: The difference between Tax Incremental Financing and Tax Incremental Districts (and why it matters).
• The Investor Angle: How TIF bridges the gap between construction costs and rents, making high-quality developments financially feasible—and why we only pursue municipalities that want to be true partners.
• Real-World Examples: Specifics from Village 43 (90%+ rebate) and our West Allis project (100% rebate for ~25 years).

If you've ever wondered how developers make deals work in communities that need housing but can't command downtown rents, this episode is for you.

Timestamps:
00:00 - Intro: Why TIF Isn't Boring
01:46 - TIF Defined: The "But For" Test
03:13 - How TIF Works for Developers
04:35 - The Origin Story: TIF in the 1950s
07:30 - Why We Only Pursue TIF Partnerships
08:36 - Educating Municipalities on TIF
10:17 - How TIF Money Flows: Upfront vs. PayGo
13:17 - TIF vs. TID: What's the Difference?
16:15 - The Long-Term Win for Communities
18:03 - Partnership Mindset: Playing the Infinite Game
20:15 - Final Thoughts & How to Learn More

Learn more about F Street's current multifamily opportunities.
Connect with Nick or Mitch: [email protected] | [email protected]

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