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Saint Louis Park EDA approves early decertification of several TIF districts to boost affordable housing fund

City Council, City of Saint Louis Park · November 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Economic Development Authority approved a consent item to decertify multiple tax increment financing districts earlier than scheduled so more property tax revenue will flow to the Affordable Housing Trust Fund and help lower the general levy in 2026, a move supporters said followed lengthy deliberation.

The Economic Development Authority of Saint Louis Park voted to approve a consent agenda item that includes the early decertification of several tax increment financing (TIF) districts, officials said during the EDA meeting on Nov. 17, 2025.

Commissioner Brousen said the board chose to decertify a number of TIF districts “a little bit early” to increase the overall tax base for the city in 2026 and to direct additional funding to the Affordable Housing Trust Fund.…

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