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Council approves Habitat for Humanity development, authorizes up to $500,000 in TIF rebates
Summary
The Dubuque City Council voted 7-0 to approve a development agreement with Dubuque and Jackson County Habitat for Humanity for a 14-home project in the Mount Pleasant Place urban renewal area, including up to $500,000 in 15-year tax-increment financing rebates and a requirement to accept qualified Housing Choice Voucher applicants.
The Dubuque City Council on Monday adopted a development agreement with Dubuque and Jackson County Habitat for Humanity to build 14 single-family homes in the Mount Pleasant Place urban renewal area.
The agreement, approved by a 7-0 roll call, requires the developer to construct 14 single-family homes, two detached garage structures, 15 covered parking spaces and 18 surface parking spaces by Dec. 31, 2028. The city agreed to provide 15 years of tax-increment financing (TIF) rebates not anticipated to exceed $500,000 in total, and…
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