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League of Minnesota Cities Handbook for Minnesota Cities 8/1/2023 <br />Community Development and Redevelopment Chapter 14 | Page 2 <br />C. Industrial revenue bonds.............................................................................................................................. 15 <br />D. Commercial rehabilitation loan program ..................................................................................................... 16 <br />E. Tax increment financing (TIF) .................................................................................................................... 16 <br />F. Property tax abatement ................................................................................................................................ 18 <br />G. Housing trust funds ..................................................................................................................................... 19 <br />IV. State-sponsored development tools .............................................................................................................20 <br />A. Minnesota Housing Finance Agency ........................................................................................................... 20 <br />B. Department of Employment and Economic Development (DEED)............................................................ 21 <br />C. Enterprise Minnesota ................................................................................................................................... 22 <br />D. Corporations ................................................................................................................................................ 23 <br />V. Federal development tools ...........................................................................................................................23 <br />A. Community Development Block Grants ..................................................................................................... 23 <br />B. Rural development grants ............................................................................................................................ 23 <br />VI. How this chapter applies to home rule charter cities ...................................................................................23 <br />