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Wexford County commissioners back pursuing countywide Brownfield TIF authority to spur housing development
Summary
Commissioners heard a presentation from developer Rob Longer and consultant Eric Kegel on using a countywide Brownfield tax-increment financing (TIF) authority to close a local housing finance gap, and voted 9-0 to pursue a grant and next steps to retain a consultant and start the process.
Wexford County commissioners heard a joint presentation from developer Rob Longer and consultant Eric Kegel on creating a countywide Brownfield tax increment financing authority to support housing redevelopment, and voted to pursue grant funding and next steps, passing the motion 9-0.
Supporters said the county faces a persistent housing shortfall because local wages and current housing stock make new construction unaffordable without subsidy. Eric Kegel, a senior planner with Progressive Company working with Housing North, told commissioners that "the tax increment financing can basically fill the gap between what it costs to build and what you're able to get, rent and sale revenue." He described TIF as a…
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