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Minnetonka staff outline $5.2M TIF transfer, housing rehab and sustainability work in annual report
Summary
Community Development staff presented the department2025 annual report to the Planning Commission, highlighting a recent $5.2 million tax-increment pooling transfer to the affordable housing trust fund, an $11 million rehabilitation project at Villas of Chasewood, grants supporting transitional housing and Habitat homes, and sustainability and inspection statistics.
Miss Wischnak delivered the Community Development Department2025 annual report at the commission's March meeting, summarizing housing, economic development, sustainability and licensing work from the past year.
She highlighted housing activity including the Villas of Chasewood projectabout 188 units across 21 buildingswhere the city helped issue debt for roughly $11,000,000 in repairs and improvements. On financing, Wischnak said the city used a tax-increment financing (TIF) pooling authority to transfer $5,200,000 into the city's…
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