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Council approves $1 million in East Billings TIF for SkyView workforce housing project
Summary
The council approved a $1,000,000 tax‑increment financing reimbursement for SkyView Residences (an 18‑unit workforce/LMI project replacing blighted structures), with payments staged across two fiscal years and conditions tied to environmental remediation and project financing.
The East Billings Urban Renewal District (EBURD) presented a request to reimburse SkyView Residences up to $1,000,000 to support redevelopment of four deteriorated buildings into an 18‑unit workforce housing complex financed through layered sources including low‑income housing tax credits, trust‑fund loans and private investment. Staff…
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