Puget Sound Regional Council Tax Increment Financing Case Study & Model Development

BERK supported the Puget Sound Regional Council’s Growing Transit Communities (GTC) program by developing an Excel-based model to analyze past and present tax increment financing (TIF) tools specific to Washington State. A key goal of the GTC work is to provide the groundwork necessary to develop meaningful funding and financing tools to meet affordable housing goals in light rail station areas.

BERK specifically used the model to analyze a case study of the proposed 130th Avenue NE Station in Bellevue to address how much money could be available from potential tax increment financing mechanisms for affordable housing.