PA HB359

Amends Pennsylvania's Tax Increment Financing Act to add "anti-displacement activities" as eligible project costs, defined as programs that prevent or compensate for involuntary relocation of residents or businesses due to socioeconomic and environmental pressures

Extends the maximum duration of tax increment districts from 20 years to 25 years, and similarly extends the maximum maturity period for tax increment bonds or notes from 20 to 25 years

Creates a new "area of impact" designation that includes the tax increment district and surrounding areas where anti-displacement activities may be conducted using TIF funds

Authorizes redevelopment authorities to enter into agreements with municipalities and school districts to create redevelopment funds using tax increment allocations, both during and after a tax increment district terminates

Requires project plans to list anti-displacement activities and describe any area of impact outside the district boundaries where such activities may occur