Usefulness of tax increment financing for the provision of affordable housing in neighbourhoods redevelopment planning
Notice bibliographique
Résumé
ln the wake of climinishing support for social housing and an ever increasing demancl for suburban living with improved transit services, inner City neighbourhoods have been cleclining in Winnipeg.In an effbll to revitalize inner city neighbourhoods and create clemand for housing, the City of Winnipeg and theProvince of Manitoba are investing in the rehabilitation of inner city neighbourhoods.West Broaclway is one such neighbourhoods, where location creates a higher demand for new smaller households and existing types of housing can supply a part of the accommodation in the future through construction, alterations and renovations of old houses.Recently, provision has been created for the use of Tax Increment Financing (TIF) for community development financing, which can be made available for financially unfeasible renovation, alteration, maintenance and reconstruction for the purpose o{' revitalization of the area. The practicum explores the feasibility of establishing a TIF for West Broadtvay It investigatesthe financial feasibility of return of the renovation investments in the form of propefty taxes to the City and to the Province from West Broadway neighbourhood.The study reveals that the returns in the form of incremental education and municipal taxes from 2000 to 2009 are not feasitrle against investments made from 2000 to 2005; however, a 'IIF project life of at least fifteen years is feasible.The financial feasibility, albeit depends on certain conditions.Based on the stucly, some conclusions were drarvn and reconrmendations for the adoption of a TIF for the West Broadrvay are macle for instituting a self financed TIF district for the West Broadway neighbourhood vll 4 Plan Winnipeg2020 Vision, Policy lC-01 iv Flowever, some researchers suggest that under certain conditions TIF can secure provision of affordable housing in neighbourhood redevelopment'In the era of declining federal involvement, municipalities are assuming an increasing role in neighbourhood redevelopment through the improvement of housing but reluctant to allocate financial responsibility.'Iax Incrernent F'inancing empowers a municipality by financing redevelopment projects from incremental property tax.The redevelopment financing method can be used for the economically unfeasi ble bl i ghted nei ghbourhoods.T'lF empowers a municipality to give financial assistance to developers, and to grant loans or tax credits for improvement to homeowners in the area.It can also be used by the City to develop facilities or services that are seen as necessary.A redevelopment plan with TIF raises confidence in the neighbourhood, which attracts investment and promotes economically feasible redevelopment.Extensive support for selected houses, neighbourhood planning and improvement of infrastructure raises the value of all properties in the area.The enhanced property price eventually changes non-profit and subsidized neighbourhood redevelopment housing service to forprofit real estate business.The TIF mechanism pays for the development projects removes blight from the neighbourhood and expands tax base of the city.The inner city redevelopment policy of Winnipeg was adopted to improve housing as a strategy to promote development of the bighted neighbourhoods (City of Winnipeg, 2000)s.Winnipeg's housing policy implementation has divided the inner city redevelopment areas into housing improvement zones.Major improvement areas are the most significantly declined residential neighbourhoods.
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Scores du classifieur distillé par catégorie (deux têtes)
| Catégorie | Codex | Gemma |
|---|---|---|
| Métarecherche | 0,003 | 0,012 |
| Méta-épidémiologie (sens strict) | 0,000 | 0,000 |
| Méta-épidémiologie (sens large) | 0,000 | 0,000 |
| Bibliométrie | 0,001 | 0,001 |
| Études des sciences et des technologies | 0,001 | 0,001 |
| Communication savante | 0,004 | 0,001 |
| Science ouverte | 0,001 | 0,002 |
| Intégrité de la recherche | 0,001 | 0,001 |
| Charge utile insuffisante (le modèle a refusé de juger) | 0,005 | 0,000 |
Scores machine (provisoires)
Les deux têtes enseignantes du modèle étudiant, lues sur ce travail. Un score ordonne la base pour la relecture; il n'affirme jamais une catégorie, et le statut de validation accompagne chaque rangée tel quel.
Scores de référence d'un modèle non mature (critères de maturité non atteints, 7 itérations). Un score ordonne; il n'affirme jamais une catégorie.
score_only:v0-immature-baseline · tel quel depuis la passe de notation : score_only signifie que le nombre peut ordonner les travaux, et qu'aucune étiquette de catégorie n'en découleClassification
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