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Council postpones vote on payment‑in‑lieu and several incentive changes to Feb. 4 after lender and feasibility concerns
Summary
Council postponed Ordinance 2026-01 to Feb. 4 after hearing mayoral concerns that permanent deed restrictions can suppress mortgage lending for owner‑occupied units; staff proposed raising payment‑in‑lieu calculations (base to 30% of units and per‑unit from $30,000 to $50,000) but council sought legal review and stakeholder input before final action.
The Bloomington Common Council voted Jan. 14 to postpone consideration of Ordinance 2026‑01—intended to change affordable‑housing incentives and payment‑in‑lieu (PIL) rules—until its Feb. 4 meeting to allow legal and stakeholder review of a mayoral amendment proposal aimed at preserving owner‑occupant mortgageability.
Assistant Director Jackie Scanlon presented proposed changes that would limit PIL availability to projects with more than 30 dwelling units, calculate PIL on a 30% unit…
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