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Roseville EDA preserves option to direct more TIF money toward affordable housing; approves Harbor reimbursement and several subgrants
Summary
The Roseville Economic Development Authority on Nov. 10 received a review of five active TIF districts and voted to preserve the option to allocate additional tax‑increment dollars toward affordable housing, while approving several redevelopment and grant actions, including reimbursement for a missed developer tax filing.
The Roseville Economic Development Authority on Nov. 10 received a full update of the city’s five active tax-increment financing (TIF) districts and approved a set of follow-up actions to preserve future housing and redevelopment options.
Community Development Director Janice Gunlock and Ehlers public-finance consultant Stacy Kilvane told the EDA the last full plan review was in 2020 and that the five active TIFs — including one housing TIF and four redevelopment districts (one with a hazardous‑substance subdistrict tied to Twin Lakes) — have driven substantial private investment and cleanup of contaminated sites. Kilvane said the districts together have seen roughly $280 million in increased taxable market value while the city has about $15 million in pay‑as‑you‑go obligations and bonds supporting redevelopment.
Kilvane outlined…
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