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Beloit approves $1 million TIF grant for Next Generation Creek Woods housing project
Summary
Council awarded $1,000,000 from the TIF housing fund to Next Generation for the Creek Woods project (up to 138 units), subject to land‑use approvals and a development agreement with possible tree‑preservation conditions.
The Beloit City Council approved Resolution 2025‑069 to award a $1,000,000 TIF housing grant to Next Generation for the Creek Woods development, which would create up to 138 market‑rate housing units along Murphy Woods and Creek Road.
City staff told the council that five applications were received under the TIF housing program launched in February 2024; staff recommended the Next Generation proposal as best meeting the program priorities adopted in the TIF housing project…
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