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Tax Increment Financing (TIF) <br />•Cities Use TIF to: <br />–Stimulate development where it would otherwise not occur <br />(“but for” test) <br />–Encourage development of uses that would otherwise not <br />occur, such as low income housing <br />–Enhance tax base <br />–Facilitate infrastructure improvements <br />–Coordinate new developments with existing plans <br />9 <br />