Financing
CBRA, a wholly owned subsidiary of the Connecticut Development Authority (CDA), provides direct and indirect financial assistance for brownfields remediation.
Tax Incremental Financing - TIF (Grants)
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
Please visit the Connecticut Development Authority website to review other available programs. Please also review CBRA's inventory of redevelopment-ready Brownfields sites.
View a Brownfields PowerPoint Presentation
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