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Middleton committee reviews affordable-housing action plan tied to $11 million in TIF authority
Summary
Presenters outlined a proposed affordable-housing fund seeded by an estimated $11 million in tax-increment financing authority; strategies include a revolving loan fund, supportive services, energy-efficiency upgrades and down-payment assistance. Council review is scheduled for April.
Middleton’s Sustainability Committee on Wednesday reviewed an affordable-housing action plan intended to use tax-increment financing (TIF) authority the city has identified for housing purposes.
Alan Hickel of the Workforce Housing Committee and Scott Heacock of the Middleton planning department described roughly two years of outreach and changes to zoning intended to make it faster and more certain for developers to build housing. Hickel said zoning updates ‘create a lot more certainty for developers’ and noted the work was developed in the context of Dane County’s regional housing strategy.
Committee members pressed presenters for financial detail. Chair exchanges and follow-up…
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