Buisness Facilities Contributed Content

APRIL 15, 2014

Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama. The combined state and local millage rate would then be applied to the assessed value.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

BROWNFIELD DEVELOPMENT TAX ABATEMENTS: Gives cities and counties the ability to abate the following: Non-educational city and county sales & use taxes; Non-educational state, city and county property taxes—up to 20 years; Mortgage and recording taxes. Three of the nation’s 40 Renewal Community areas are in Alabama.

Income 75

Income Finance Zoning Equipment 75

Pro Builder

MARCH 16, 2023

In the Finance category, finalists include organizations focused on construction financing, shared-equity models, and renter programs that support increased savings and equity. Finalists for the prize demonstrated ambitious, feasible, and scalable solutions to the housing affordability crisis and were selected from 203 total nominees.

Innovation 98

Innovation Housing Finance North Carolina 98

Pro Builder

APRIL 18, 2023

The prize awards organizations that demonstrate ambitious, feasible, and scalable solutions to the housing affordability crisis. Homeowners see on average an 11x increase in borrowing power with RenoFi-powered loans.

Innovation 98

Innovation Housing Zoning Denver 98