Developer preparation

Do not submit an application before you contact us.

Review the policy

• Developers should review the City's TIF policy.
• Your project must meet the general guidelines for using TIF to help fund developments.

Contact City staff

• If you believe your project meets the general guidelines, contact Development Finance staff for an initial conversation.
• CPED will assign a project coordinator to your project. 

Contact Development Finance staff

Nonrefundable fees

Application fee

Developers who apply for TIF funds must pay a $3,000 application fee.

Origination fee

Application and evaluation

We do not accept incomplete applications.

When we receive your complete application

• City staff will review it to make sure it meets the guidelines for TIF funding.
• If authorized, we prepare a TIF plan and seek City Council approval.

TIF plan preparation

We notify the following groups when we prepare the plan.

• Hennepin County

• Minneapolis Public Schools

• Affected neighborhood groups

The Minneapolis City Planning Commission must approve the plan before it goes to the City Council.

City Council decision

The City Council has complete authority to decide if TIF funds are used.

The council will:

• Review the proposed TIF plan
• Hold a public hearing
• Approve or deny the request for TIF assistance