Council of Development Finance Agencies
The City persuades a local bank to loan a sum of money that can be used to front-fund the TIF. The bank will be repaid, with interest, as the TIF generates revenues of its own. ... SomerCor 504 – administers the SBIF program and decides which applicants should receive funds on a first-come, first-served basis. SomerCor can be reached at 312 ... ................
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