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Council approves 20-year TID for Voigt Farm, authorizes city land‑banking of lots for affordable housing
Summary
The Madison Common Council voted unanimously to authorize a 20-year mixed‑use tax incremental district (TID No. 55) for the former Voigt Farm and approved a development agreement that allows the city to purchase and land‑bank lots for future affordable housing development.
MADISON, Wis. — The Common Council on Tuesday approved a 20‑year mixed‑use tax incremental financing district and a development agreement with Starkweather LLC to support redevelopment of the former Voigt Farm into 13 lots that may be sold to market‑rate and affordable housing developers.
The vote adopted Legistar file 87,871 to create Tax Incremental District No. 55, Voigt Farm, and authorized the mayor and city clerk to execute the development agreement. Council President Vittiver moved adoption; the motion was moved and seconded and recorded as a unanimous voice vote.
The deal gives the city the option to purchase several of the newly created lots to “land‑bank” them for affordable housing. Helen Bradbury, a representative of Stone…
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