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City has $6 million from TIF districts for housing programs; department says funds are available
Summary
The Economic Development Committee heard that approximately $6 million moved from three TIF districts to the Housing Department is available and will be deployed for home repair and down payment assistance through multi-year programs.
Committee members were told that the City Council approved transferring roughly $6 million from three TIF districts — Oak Cliff Gateway, Fort Worth Avenue and Deep Ellum — to the Department of Housing and Community Development for FY24 programs.
"The housing department is now in the process of deploying those funds in those programs for homeowner stabilization, home repair," Kevin Spath said, and introduced Thor Erickson, assistant director of…
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