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RDA votes to extend TID 4 increment for affordable housing then moves to terminate TID
Summary
Green Bay RDA approved a one-month extension to allocate the final increment from Tax Increment District 4 to the city's Tax Increment District Affordable Housing (TADA) program, then approved the formal termination resolution for the TID.
The Green Bay Redevelopment Authority voted to extend Tax Increment District (TID) 4 for one additional increment year to direct the final increment into the city's Tax Increment District Affordable Housing (TADA) program, then approved a separate resolution to terminate TID 4.
Staff said the extension would allow the city to reallocate the final tax increment from TID 4's 2024 tax roll toward affordable housing grants administered through the TADA program rather than allowing those funds to revert to other taxing jurisdictions. Staff identified the increment amount at $657,659 and…
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