NIDC: TAX INCREMENTAL DISTRICTS (TIDs)
Forgivable loans are eligible to assist owner-occupants with repairs in a limited number of neighborhood-based Tax Incremental Districts (TIDs.) A TID is a special financing tool that enables the City to borrow against the growth of tax base in order to create a pool of loan resources. TID program priorities are exterior code-related repairs such as roofing, siding, and porch repairs.
Currently NIDC helps administer 5 neighborhood-based TID’s:
CLICK HERE TO VIEW/PRINT THE TID LOAN APPLICATION
Each TID has a unique Project Plan, providing somewhat different resources for property owners.
NIDC provides technical assistance in all the TIDs where we work. Experienced rehabilitation specialists perform a thorough inspection of the property, identifying problem areas. The rehab specialist works with the owner to write a scope of work (a list of the work that needs to be done) and then helps the owner get bids from contractors. Once the work starts, the rehab specialist makes periodic inspections to make sure the work meets program requirements.
20TH AND BROWN map
Approx. 21st to 24th, Brown to Garfield
Owner-occupants
Homeowners are eligible for a $10,000 forgivable loan. Program guidelines apply, but there are no income limits. The loans bear no interest rate, and after 5 years they are forgiven. Generally only code-related exterior work is eligible.
BISHOPS CREEK map
38th to 35th and irregular boundary to the east, from Congress to Hampton
Owner-occupants
Homeowners are eligible for a $10,000 forgivable loan. Program guidelines apply, but there are no income limits. The loans bear no interest rate, and after 5 years they are forgiven. Generally only code-related exterior work is eligible.
LINDSAY HEIGHTS - Closed as of 11/01/2019
METCALFE PARK map
27th to 39th from Meinecke to Center
Owner-occupants
Homeowners are eligible for a $10,000 forgivable loan. Program guidelines apply, but there are no income limits. The loans bear no interest rate, and after 5 years they are forgiven. Generally only code-related exterior work is eligible.
HISTORIC MITCHELL STREET map brochure
Irregular boundary along Mitchell between S 5th and S 17th
Owner-occupants
Homeowners are eligible for a $10,000 forgivable loan. Program guidelines apply, but there are no income limits. The loans bear no interest rate, and after 5 years they are forgiven. Generally only code-related exterior work is eligible.
Investor Owners
Responsible investor owners of 1-4 unit properties are eligible for a $10,000 forgivable loan. Applicants will be required to complete Department of Neighborhood Services Landlord Training Program. Owners must match TID forgivable loans with their own funds on a dollar-for-dollar basis (this requirement is waived for owners who live within three blocks of the property). Program guidelines apply, but there are no income and rent limits on owners or tenants. The loans bear no interest rate, and after 5 years they are forgiven. Generally only code-related exterior work is eligible. Application for investor owners available here.
Last page update: 6/1/2023
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