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Commission hears housing briefing, asks for more detail on residential TIF proposals
Summary
Greg Graves briefed the commission on options to fund housing across three target areas and asked whether the commission would consider establishing a residential TIF and its boundaries; commissioners requested statutory material, cost estimates, and a follow‑up presentation.
Greg Graves presented options for funding housing projects and asked whether the commission would support establishing a residential tax‑increment financing district and what boundaries officials should consider.
Commissioners discussed using a TIF to capture incremental assessment growth for infrastructure debt service and noted recent statutory changes might affect how residential TIFs operate. Members asked staff to provide relevant statutes, ballpark infrastructure cost estimates for the three candidate areas, and suggested inviting Jim Higgins to present or providing a slide deck before the next meeting so commissioners can review materials in advance.
No formal action was taken; staff will assemble statutory references, cost estimates and a proposed map for the commission's next meeting.
