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HRA approves technical TIF budget amendments for two senior housing districts
Summary
The St. Paul Housing and Redevelopment Authority unanimously approved administrative budget amendments for two housing tax increment financing (TIF) districts — Osceola Park and Shepherd Davern — to shift $160,000 more to interest payments for each district and align budgets with actual tax increment collections.
The St. Paul Housing and Redevelopment Authority on Thursday unanimously adopted two administrative budget amendments to two housing tax increment financing districts, saying the changes are technical adjustments to reflect interest and principal timing.
Chair Johnson opened the meeting and the board voted 6–0 to approve amendments for the Osceola Park TIF district (260 South Osceola Avenue, Ward 2) and the Shepherd Davern Senior Rental housing district (1745 Graham Avenue, Ward 3). Both amendments increase the interest budget by…
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