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The AIA Housing and Community Development Knowledge Community (HCD) is a network of architects and allied stakeholders that promotes equity in housing, excellence in residential design, and sustainable, vibrant communities for all, through education, research, awards, and advocacy.

TIFs, Economic Development and Social Equity

  • 1.  TIFs, Economic Development and Social Equity

    Posted 08-09-2016 09:58 PM

    TIFs, Economic Development and Social Equity

    Baltimore's Mayor says that other cities would be salivating at the opportunity of having a successful corporation drop $5.5 billion to build its global headquarters and a mixed use new town around it. Even if that corporation would ask for public bonds of  over half a billion dollars through tax increment financing (TIF) and receive $760 million in tax credits for building on a brownfield, in an Enterprise Zone and by utilizing general city apartment tax credits.
    ULI graphic explaining Tax Increment Financing
    [...] Port Covington is an amazing opportunity for Baltimore. It’s an amazing opportunity for job creation, for community building. To stabilize one of the fastest-growing companies in the world with Under Armour and to make sure that they continue to have a headquarters here. When cities around the country take a look at the pushback that some in the community are giving to this development they’re salivating, they would love to have Under Armour to invest billions in their community.(Mayor Rawlings Blake on WYPR)
    This Corporation isn't a foreign auto company that wants to come to Baltimore like..
     

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    Community Architect: TIFs, Economic Development and Social Equity

    Archplanbaltimore remove preview
    Community Architect: TIFs, Economic Development and Social Equity
     
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    Klaus Philipsen FAIA
    Archplan Inc. Philipsen Architects
    Baltimore MD
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