HASTINGS, Neb. – Hastings residents have an in-person opportunity to learn about a new tax program from the city next week. 

First Ward Hastings City Council representatives Steve Huntley and Mike Anderson are hosting a community open house at the Hastings Fire & Rescue Station, on 1145 S. Hastings Ave, on Tuesday, June 3, at 6:30 p.m.

The open house will allow Hastings residents to discuss the City’s new Micro-TIF (tax increment financing) program, which begins in June.

Representatives from the Development Services Department, Community Redevelopment Authority, Housing Development Corporation, and Adams County Assessor’s Office will be present to talk about the Micro-TIF process.

On April 14, 2025, The Hastings City Council approved Resolution No. 2025-18 to establish the Expedited Review of Redevelopment Plans for Small Projects program in Hastings, as allowed by Nebraska Revised Statutes 18-2155.

The Micro-TIF program will be limited in Hastings to 15 applications per calendar year to prevent staff from being overwhelmed with new work.

In Hastings, Micro-TIF will be limited to residential properties.

The Expedited Review of Redevelopment Plans for Small Projects program is commonly referred to as "Micro-TIF."

The program allows for smaller residential redevelopment projects on individual properties to use a simplified Tax Increment Financing process to help offset construction costs for a project, such as the construction of a home, or rehabilitating, remodeling, or building an addition to an existing home. 

After the project is complete, the CRA is allowed to "capture" the property tax increase created by the improvements to the property for up to 15 years.

Proceeds gained from a Micro-TIF project will not cover the entire cost incurred for that project and will vary for each project, depending on the type of project, and the current and future assessed property value.

The Community Redevelopment Authority works with the county treasurer on the necessary diversion of improvement-related tax dollars.

The Micro-TIF process begins by discussing the application with Development Services staff members, followed by a discussion with county appraisers and application to Development Services.

By Nebraska law, any applications that are accepted must be reviewed by the staff and either approved or rejected within 30 days.

Program details, including the limit on application numbers, will be reviewed every six months for possible changes.

The approval criteria for a Micro-TIF application are as follows:

–– The redevelopment plans include only one single-family residential project on one property;

–– The redevelopment project includes the repair, rehabilitation, replacement of a single-family home, or the construction of a new single-family home on a vacant lot located within one of the redevelopment areas in the community;

–– The property has been within the City limits for at least 60 years;

–– If the project involves new construction on a vacation lot, the property has to be both within the City limits AND platted for at least 60 years; and

–– The estimated assessed value of the redevelopment property, once the project is completed, cannot be more than $350,000.

More information about Micro-TIF is also available on EngageHastings at engage.cityofhastings.org/hastings-micro-tif.

  City of Hastings