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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…
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