Tod Gass, Senior Project Coordinator (406) 552-6159
Tax Increment Financing (TIF)
MRA provides a means to finance public improvements related to urban renewal projects and to protect past public investments. Examples include acquisition, construction, demolition or improvements of land, streets, alleys, curbs, gutters, sidewalks, bicycle/pedestrian pathways, parking facilities, water lines, and public buildings. TIF assistance is available in all the Missoula Urban Renewal Districts.
The objective of the FIP program is to encourage voluntary repair and rehabilitation of commercial, mixed-use and multi-family (minimum of 4 units) in URD II and URD III in a way that advances the aesthetic environment and enhances the pedestrian experience. Additional objectives include expansion of the property tax base, stimulation of business and economic development, and retention and expansion of employment in the district. Grants for any individual project may not exceed 25% or $50,000 (whichever is less) of the total project cost, thereby ensuring significant private investment in any given project. The FIP is available in URD II and URD III only.
The purpose of the CCP is to encourage compliance with life-safety regulations adopted by the City of Missoula by subsidizing private efforts to repair and rehabilitate commercial property in accordance with life-safety codes. The CCP is only available in URD II