TIF Redevelopment Incentive Program
Urbana has recently revised its façade loan program and made it even better! Now, eligible businesses that are located in TIF districts 1, 2, or 4 can receive an interest subsidy of up to 5.5% on a loan between $5,000 and $60,000 to construct on or improve their property!
In addition, businesses that meet certain criteria can receive up to an additional 10% of their loan amount in the form of a grant. This is another way that Urbana is trying to help support its local establishments and attract new businesses in order to better serve the community.
For more information about the TIF Redevelopment Incentive Program, see the links below.
| Type | File | Size |
|---|---|---|
 |
Program Guidelines | 45KB |
|
Program Application | 73KB |
|
North Cunningham Loan & Grant Criteria | 60KB |
|
Downtown Grant Criteria | 72KB |
|
Required W-9 Form | 73KB |
|
TIF District 1 & 2 Map | 612KB |
|
TIF District 4 Map | 510KB |
Contact Reference:
Thomas Carrino trcarrino@urbanaillinois.us (217) 384-2442
