The Community & Economic Development Department works with non-profit and for-profit developers and financial institutions to create affordable housing, economic development and job creation within the City of Kalispell. Some of the financial development tools the Department is able to access for public/private sector development are:
- Tax Increment Financing (TIF) generated through four Urban Renewal Districts, providing: City-made low interest loans and/or grants for on-site infrastructure needs, landscaping, parking, and decorative street lighting; and public construction of off-site infrastructure needs when it benefits the community at large.
- Federal and State grant funding sources for public facilities and affordable housing projects.
- Special Improvement Districts
Economic Development Grants for the creation of well paid jobs
- Bond sales through the Montana Board of Investments