Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Malloy says PIDs and some TIFs have become developer-friendly; supports reporting and more oversight
Summary
Representative Corey Malloy told listeners that some public infrastructure districts (PIDs) and tax-increment financing (TIF) tools have created long-term assessment burdens for residents, and he backs reporting (HB 507) to ensure buyers know assessments up front.
Representative Corey Malloy said tools intended to help cities meet housing demand—public infrastructure districts (PIDs), tax-increment financing (TIF) and transit-area financing (HTRB/HRTB)—have sometimes been used in ways that favor developers and saddle residents with assessments.
"I don't think they're working... I'm gonna be not supportive of those," Malloy…
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
