Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Redevelopment panel approves $10 million IFA-backed TIF bond for two housing projects
Summary
The commission approved a resolution to issue tax increment revenue bonds to support infrastructure for the Garrison Fraser (≈210 units) and Woodland Crossing (≈140 units) housing projects, following staff testimony that the total infrastructure cost is about $12 million and an IFA loan will cover $10 million.
The Elkhart Redevelopment Commission voted Jan. 13 to authorize tax increment revenue bonds to finance infrastructure for two planned housing developments on South Main and at Woodland Crossing.
Mike Huber, development services director for the City of Elkhart, told commissioners the city was awarded a $10,000,000 loan by the Indiana Finance Authority through the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
