West Allis CDA extends TIF 7 one year to seed affordable‑housing fund; several TIFs dissolved
Loading...
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 income‑restricted housing units and 25% for improving housing stock.
The board discussed statutory authority and intergovernmental effects. Oliver Lago, identified in the record, supported the extension, saying the proposal keeps more tax dollars in West Allis and helps affordable‑housing efforts. Patrick clarified that under current state law this CDA decision does not require joint review board approval.
A motion to adopt the extension (noted in the agenda as Option 2) was moved and seconded; the extension resolution passed on a roll‑call vote. Immediately afterward the board voted to dissolve TIF 7, as permitted by statute, meaning the increment beyond the set‑aside year will be returned to taxing jurisdictions once the TIF is closed.
Separately, the CDA approved dissolution resolutions for other districts discussed earlier in the meeting, including TIF District No. 6 (Line Pits/South 67th), TIF No. 13 (the former bottling/"juice" site), and TIF No. 10 (former Yellow Freight truck terminal). Staff summarized each site's redevelopment and the incremental value added by private investment; the board moved, seconded and approved each dissolution by roll call.
What happens next
The extension creates a one‑year window to deploy the reserved increment for eligible affordable‑housing uses; any specific projects or loans would require separate CDA or council action. The board also signaled continued coordination with county, school and other taxing jurisdictions, though staff said the authority to extend rests with the CDA under state law.
Votes and formal actions at the meeting included roll‑call approvals of the extension and the listed dissolutions. The CDA moved into closed session at the end of the public meeting to discuss bargaining and competitive considerations related to several agenda items.
