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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 the amendment reflects the input of the surveys and just cleans up that language." The sponsor said the earlier draft referenced spending TIF dollars directly on housing, which is not directly allowable under program rules; the amendment conforms language to allowable infrastructure and support activities. After MDHA urban development director Joe Kane described broad outreach and the survey results that informed priorities — including grocery stores and childcare as high priorities — the committee approved the amendment and the resolution as amended.
Resolution 20 25 15 63 (Jefferson Street redevelopment plan) carried a similar amendment and passed after the committee heard the MDHA presentation.
What happens next: both resolutions, as amended, authorize specified activities and improvements eligible for TIF funding consistent with MDHA surveys and statutory limits; MDHA and Metro staff will administer the program consistent with state law and program eligibility.
