도시재생을 위한 새로운 금융수단으로서의 조세담보금융제도에 관한 연구

Real estate is a typical capital-dependent industry, so plentiful and stable support is important to develop it. As manufacturing firms and residents mitigated to the new town, old town encounted decline and lost its function as a city. It is needed to eliminate blight, rehabilitate declining property values, promote industry. TIF can provides its own financing resource to the areas. Local governments can invest in infrastructure and other improvements using TIF and pay for them through the increases property tax revenues in TID. When local governments decide to use TIF, they should implement a transparent process through due diligence. The due diligence rule is one of the most important elements using TIF and governments must abide by it throughout the decision and financing process. Transparency leads to a more open government where stakeholders, citizens and business interests can be part of the community’s development. To ensure transparency, public meeting rules should be employed by Urban Revitalization law. Stakeholders should take part in the process and important decisions should be made during public meeting. The decision makers, the project managers and advisory team should have accountability. In some aspects, governments that implement a TIF program have to consider the accountability such as determining appropriate TIF contribution, site-specific and district-wide TIF, feasibility studies and relevant financial documents and negotiating the deal. There are three types of bond for the TIF such as ABS, covered bond and municipal bond. They have their own pros and corns, so this bond the relevant law should be amended to use this bond. TIF has been used an important toolbox for rejuvenating blighted areas in the U.S. It should be used judiciously to redevelop areas that might otherwise not receive investment and protect the public’s interest. It can paly an important role to revitalize blighted areas in city.