Tax Increment Finance (TIF) legislation in the State of Illinois provides some of the most effective tools to municipalities to support, assist and encourage economic development projects to designated areas of the community, including redevelopments and improvements. TIF provides municipalities additional options for funding needed public improvements; helps local governments restore “blighted” areas or jumpstart economically sluggish parts of town; and assists in the attraction of private development and new businesses.

General information about TIF – Illinois Tax Increment Association

Update – February 2, 2024:
The Village recognizes the need for implementation of a strategy to revitalize an area of existing commercial and industrial properties in the southwest business park. To implement this vision, a new TIF District is being proposed. The Vincennes Armory TIF would help redevelop this larger strategic area within the Village and, in doing so, stabilize and expand benefits to the community and affected taxing districts. A draft of the TIF Report is available for public review using the link below:
Vincennes Armory TIF Draft

South Holland TIF Districts
Map of South Holland TIF Districts – The color-shaded areas of this map are South Holland TIF Districts