(Richmond, IN)--Approval has been granted by the Richmond Area Plan Commission to convert seven of Richmond’s most recognizable downtown buildings into a TIF – or Tax Increment Financing – District.  TIF’s can capture future property tax revenue within that district.  The buildings include the Oddfellows building, the Knollenburg’s building, the Harris Bank building, and four others.  Here’s how the TIF will be used:  "Funds generated from this TIF will help fund one hundred apartments as well as the related commercial development in those seven buildings," said a city representative.  The proposal will now go to Richmond Common  Council.