6000. AUTHORITY AND SCOPE

6000 AUTHORITY AND SCOPE 6000.1 The Tax Increment Financing ("TIF") program is administered jointly by the Office of the Chief Financial Officer ("OCFO") and the Office of Deputy Mayor for Planning and Economic Development ("ODMPED"). The TIF program is intended to enhance the feasibility of private capital projects that are of significant economic, cultural, social, and financial value, which cannot otherwise proceed because of the high costs of urban development. This rulemaking describes the standards and procedures under which the OCFO and the ODMPED shall determine whether a project for which TIF assistance is sought has Special Merits. SOURCE: Final Rulemaking published at 53 DCR 7009 (August 25, 2006).