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Hammond Redevelopment Commission approves two TIF measures to expand redevelopment areas
Summary
The commission approved Resolution 2025-18 to expand the North Hammond Development Area and Resolution 2025-19 to designate Jacob Square as a residential TIF allocation area, both intended to enable tax-increment financing for redevelopment projects; both passed unanimously on roll call.
The Hammond Redevelopment Commission on Monday approved two resolutions to expand the city's redevelopment footprint and unlock tax-increment financing for projects in North Hammond and Jacob Square. Commissioners voted 5-0 to adopt Resolution No. 2025-18, which expands the North Hammond Development Area and adds a portion to the West Point allocation…
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