The City of Alliance is pleased to announce the adoption of a Micro Tax Increment Financing (Micro-TIF) program, an innovative tool aimed at encouraging small-scale property improvements and infill development throughout the community. The new program was formally approved by the Alliance City Council on April 15, 2025, signaling a continued commitment to revitalization, economic growth, and neighborhood stability.
Micro-TIF is a tool that enables owners of residential or commercial properties receive a tax incentive to repair, rehabilitate or replace an existing structure or redevelop vacant land on property that may not be a large enough project to qualify for regular Tax Increment Financing. This tool empowers local property owners, small businesses, and developers to improve properties, revitalize underutilized lots, and stimulate investment in targeted areas.
A project qualifies for Micro-TIF if it involves:
• The repair, rehabilitation, or replacement of an existing structure that has been within city limits for at least 60 years; OR
• The redevelopment of a vacant lot that has been within city limits for at least 60 years; AND has been platted for at least 60 years.
Mayor John McGhehey stated, “By adopting Micro-TIF, we’re giving residents and small businesses the opportunity to be part of Alliance’s growth. This tool lowers the barriers to investment and provides direct benefits to property owners who want to improve their neighborhoods.”