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Story County seeks direction to launch up to $2M LMI housing support program using FY27 TIF funds
Summary
Staff asked the board for direction to bring policy changes next week to run a two-year, up-to-$2,000,000 LMI housing support program (reimbursement basis) using FY27 TIF funds; cities would apply and must provide a 25% match. The board directed staff to return with formal documents and outreach plans.
Story County planning staff asked the Board of Supervisors on April 14 for direction to formalize a low- and moderate-income (LMI) housing support program that would use FY27 urban renewal (TIF) funds. The proposal frames up to $2,000,000 as a not-to-exceed figure to support affordable housing activities over a two-year window; staff emphasized funds would be distributed through a city-led application process and on a reimbursement basis.
Leanne Harder, who led the presentation, described three program elements under…
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