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Story County board pauses open application round for urban renewal funds, directs focus toward housing
Summary
Supervisors voted to delay opening the urban renewal application round to outside taxing entities and instead consider directing urban renewal funds toward county-identified housing priorities for FY27; staff said roughly $900,000 (50% of TIF) would be available in FY27, and the board asked staff to develop a focused housing strategy.
On May 20, 2025, the Story County Board of Supervisors voted to limit the current year urban renewal funding process and not open the program this cycle to outside taxing entities, directing staff to explore concentrating available urban renewal tax increment financing (TIF) toward county-identified housing priorities for fiscal year 2027.
County staff told the board that, under current policy, the county may allocate up to 50% of projected TIF for…
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