Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Fargo panel approves property-tax incentive for 65-unit low-income housing redevelopment
Summary
The EDIC unanimously approved a 15-year property-tax incentive for a 65-unit Fargo Housing Authority redevelopment at 17th Street and 25th Avenue South, financed with 9% LIHTC and project-based vouchers; the project targets households at or below 50% AMI.
The Economic Development Incentive Committee approved a property-tax incentive to support a Fargo Housing Authority redevelopment that will replace a former public-housing site with a 65-unit low-income housing development.
The committee voted unanimously after a roll call, with recorded 'Aye' votes from Cosgrove, Eisert, Pabert and Mayor Mahoney. Committee discussion and the presentation emphasized the project’s financing and tenant protections: the development is proposed to be financed in part with 9% low-income housing tax credits and state…
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
