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West Allis CDA extends TIF 7 one year to seed affordable‑housing fund; several TIFs dissolved
Summary
The Community Development Authority voted to extend Tax Increment Financing (TIF) District No. 7 for one year to create a $1.5 million affordable‑housing fund and approved immediate dissolutions of multiple TIF districts, directing increment back to taxing jurisdictions. The board also clarified that the extension is a CDA decision under state law and will not require joint review board approval.
The Community Development Authority (CDA) of West Allis voted to extend Tax Increment Financing District No. 7 for one year and to dissolve several other TIF districts, moving incremental tax value back onto the regular tax roll.
Patrick, a CDA staff presenter, told the board the extension allows the city to reserve one year of increment for an affordable‑housing fund rather than immediately returning that increment to other taxing jurisdictions. "There's around $6,000,000 of increment," he said, and proposed setting aside $1,500,000 into a housing fund with 75% of that reserved for…
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