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Green Bay council approves one-year TID 4 extension to fund affordable housing, then moves to terminate district
Summary
The Green Bay Common Council approved a one-year extension of Tax Incremental District (TID) 4 to capture roughly $650,000 for affordable housing programs and then completed required formal termination steps to comply with Wisconsin Department of Revenue deadlines.
The Green Bay Common Council approved a one-year extension of Tax Incremental District 4 to capture additional increment for affordable housing and then voted to complete the required termination proceedings for the district.
Supporters said the extension will let the city capture an additional increment—estimated at about $650,000—to direct toward affordable housing through the city’s TA/DA program; council members also approved formal termination paperwork required by the Wisconsin Department of Revenue (DOR).
Deputy Director Matt Buchanan told the council the extension is an option the city may accept to take one more years worth of increment and apply it to the citys affordable housing program. Director Ellen Becker said accepting the extension would allow about $650,000 to be used for housing; if the city did not accept the extension, the increment would be distributed to all taxing jurisdictions a year earlier and the citys portion would be substantially less (she characterized the citys future share as "under $300,000"). Becker also said state DOR rules require formal termination steps and that the districts maximum term date is Jan. 20, 2025; because the councils next regular meeting was Jan. 21, staff brought the item to this meeting to meet the DOR deadline.
Alder Johnson moved to approve the extension; Alder Proffitt seconded. The motion passed by voice vote. The council then approved the termination item after a separate motion moved by Alder DeLay and seconded by Alder Galvin; that motion also passed by voice vote.
Buchanan and Becker told the council that 75% of the extended balance must be used for affordable housing (the remaining 25% may be used for other housing), and that projects funded with the extended increment do not have to be located inside TID 4 boundaries but may occur anywhere in the city. Buchanan and Becker also highlighted that the city first created the policy in 2021 for the TA/DA program and has since used it to generate new housing units and new property value tied to those projects.
No roll-call tallies were provided in the meeting minutes for these voice votes; the clerk announced the ayes carried both measures.
Looking ahead, staff will proceed with the paperwork to capture the additional increment and to record the TIDs termination with the Wisconsin Department of Revenue as required by state deadlines.
