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402 CMR: ECONOMIC ASSISTANCE COORDINATING COUNCIL 402 CMR 3.00: DISTRICT IMPROVEMENT FINANCING Section 3.01: 3.02: 3.03: 3.04: 3.05: 3.06: 3.07: 3.08: 3.09: 3.10: 3.11: 3.12: 3.13: 3.14: 3.15: 3.16:
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District improvement financing is a funding mechanism that allows a district to finance infrastructure improvements through the use of tax increment financing.
Property owners within the district are typically required to file district improvement financing.
District improvement financing can be filled out by providing information on the proposed improvements, financing plan, and expected economic impact.
The purpose of district improvement financing is to stimulate economic development and improve infrastructure within a specific district.
Information such as the proposed improvements, financing plan, expected economic impact, and property owner consent must be reported on district improvement financing.
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