Tax Increment Finance (TIF) Variance

When TIF is used for housing development, a percentage of the future tax increment revenues from the project must be used to provide housing assistance to low- and moderate-income families. The percentage required varies by county, and ranges from about 30 to more than 50 percent. Iowa Department of Economic Development (IDED), through the Division, has the authority to grant variances to the required percentage for low- and moderate-income assistance. Developers or communities seeking a variance must show that the project is not feasible with the required percentage. Requests for variance are accepted at any time.

Download the TIF Appication [PDF: 101k] or [MS Word: 33k].

For more information, contact tif@iowa.gov or call 515.725.3061.