Neligh Development Agency
Launch the media gallery 1 playerTax Increment Financing – TIF
The Neligh Development Agency utilizes Tax Increment Financing (TIF) as a strategic tool to support redevelopment, housing development, business expansion, and infrastructure investment. TIF allows the community to reinvest new property tax revenue generated by a project back into that project—helping close financial gaps and make development feasible.
As part of Neligh’s coordinated economic development approach, TIF works alongside programs such as LB840, housing initiatives, and infrastructure investment to support long-term growth, workforce attraction, and private sector investment.
Quick Facts
- TIF has been utilized in Neligh since 1998
- Available within designated redevelopment areas
- Up to a 15-year financing period
- Supports site preparation and public infrastructure
- Used for housing, commercial, and redevelopment projects
- Administered locally through the Neligh Development Agency
Why TIF in Neligh
Neligh takes a coordinated approach to development by aligning local tools, infrastructure investment, and housing initiatives to support long-term economic resilience.
TIF plays an important role in that approach by:
- Supporting redevelopment of underutilized or blighted areas
- Encouraging private investment that may not otherwise occur
- Assisting with upfront project costs such as site preparation and infrastructure
- Strengthening the local tax base over time
- Complementing workforce and housing development efforts
This coordinated approach ensures that development tools, housing efforts, and infrastructure planning are aligned to support sustainable growth and long-term economic resilience.
How Tax Increment Financing Works
When a property is designated within a redevelopment area, a base property value is established. As improvements are made and the property value increases, the additional property tax revenue (the “increment”) can be used to help pay for eligible project costs.
This reinvestment period may last up to 15 years. After that time, the full property value is returned to the tax rolls, benefiting local schools, the city, and other taxing entities.
Eligible Projects and Costs
TIF may be used to support a variety of development activities, including:
- Site preparation and land assembly
- Public infrastructure improvements (streets, utilities, drainage)
- Demolition and environmental remediation
- Parking and public access improvements
- Certain building and redevelopment costs as allowed by Nebraska statute
Projects must meet eligibility requirements, including location within a designated redevelopment area and demonstration that the project would not be feasible “but for” the use of TIF.
Typical Uses in Neligh
In Neligh, TIF has been used to support:
- Housing development and residential expansion
- Downtown and commercial redevelopment
- Site preparation for new business investment
- Infrastructure improvements that enable long-term growth
These projects contribute to community revitalization while supporting workforce attraction, housing availability, business development, and overall quality of life.
Neligh Development Agency
The Neligh Development Agency administers the community’s redevelopment program and works in coordination with the City of Neligh and local economic development leadership.
The agency is responsible for:
- Reviewing redevelopment proposals
- Ensuring compliance with Nebraska TIF statutes
- Supporting responsible and strategic project development
Start the Conversation
Developers, business owners, and property owners interested in learning more about TIF opportunities in Neligh are encouraged to connect with the Economic Development Office.
Early coordination helps identify eligibility, align projects with community goals, and determine how local development tools may support project success.
Economic Development Office
402-887-4447
lauren@neligh.org
This page is maintained by the Neligh Economic Development Office and updated regularly to reflect current programs and opportunities.