FINANCING
CBRA, a wholly owned subsidiary of the Connecticut Develoment Authority (CDA), provides direct and indirect financial assistance for brownfields remediation.
CBRA's Products:
TAX INCREMENTAL FINANCING- TIF (GRANTS) Example
TIF is a tool using future increases in tax revenue to finance the current improvements that will create those gains
Increased site value and investment creates more taxable property, which increases tax revenues
That increased revenue is used to finance debt to pay for the "project"
TIF creates funding for public projects that may otherwise be unaffordable to municipalities
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