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Committee approves TIF eligibility updates for Casey Place and Jefferson Street with clarifying amendments
Summary
Resolutions to approve activities eligible for tax increment financing (TIF) in the Casey Place and Jefferson Street redevelopment plans were amended to clarify that TIF funds are for infrastructure and supports for affordable housing (not direct construction) and passed unanimously after short presentations by MDHA.
The Finance Committee approved resolutions clarifying eligible activities for tax increment financing in two redevelopment plans.
Resolution 20 25 15 62 (Casey Place redevelopment plan) was presented by a sponsor who said the amendment "clarifies that it's for infrastructure and other supports for affordable housing, and…
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