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Marshall mayor asks committee to extend temporary TIF spending deadline for affordable housing project
Summary
House File 3,140 would extend the deadline to spend unobligated pooled tax increment to Dec. 31, 2027 for Marshall; city leaders said previous low-income housing tax credit applications were not selected and an extension would allow reapplication and preserve a planned affordable housing project.
The City of Marshall requested a two-year extension of temporary TIF spending authority in testimony before the House Tax Committee on April 9. Representative Andrew Swazinski moved House File 3,140, which seeks to extend the deadline to expend unobligated pooled tax increment from the current 2025 date to Dec. 31, 2027.
Bob Burns, mayor of Marshall, said the citywhich has used unobligated pooled increment for…
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