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Cass County commissioners deny county participation in proposed downtown Fargo housing pilot
Summary
The Cass County Board of Commissioners voted to deny county participation in a proposed Fargo downtown housing incentive after commissioners raised concerns about a 20‑year pilot’s fiscal impact and the project’s long-term tax-exemption stack. The county’s financial consultant said the project needs local assistance to reach bank‑friendly coverage ratios.
The Cass County Board of Commissioners voted to deny county participation in a proposed downtown Fargo housing pilot after several commissioners said a 20‑year incentive package would cost the county too much over time.
County staff and project representatives told the board the mixed-income housing development would target households at or below 60% of area median income, accept housing choice vouchers and use a complex financing stack that includes 4% low‑income housing tax credits and a $3,000,000 state housing incentive grant. Financial consultant Matt…
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